Marathon Petroleum (MPC) Operating Expenses (2010 - 2026)

Marathon Petroleum's (MPC) quarterly Operating Expenses came in at $33.2 billion in Q1 2026, up 6.42% year-on-year from $31.2 billion in Q1 2025, and up 7.93% quarter-over-quarter from $30.7 billion in Q4 2025.

Marathon Petroleum (MPC) Operating Expenses (2010 - 2026) Analysis & Trends

Marathon Petroleum has disclosed Operating Expenses across 17 years of filings, most recently posting $33.2 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $33.2 billion, up 6.42% year-over-year; the trailing twelve-month figure through Mar 2026 was $128.9 billion (down 3.31% YoY), and the FY2025 annual result was $126.9 billion, down 5.0% from the prior year.
  • Operating Expenses came in at $33.2 billion for Q1 2026 at Marathon Petroleum, up from $30.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $45.9 billion in Q2 2022 to a low of $30.7 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $33.5 billion (2023), against an average of $34.6 billion.
  • Across the five-year window, Operating Expenses soared 61.78% in 2022 and declined 26.99% in 2023, its largest moves.
  • Marathon Petroleum's Operating Expenses stood at $35.4 billion in 2022, then slipped by 2.62% to $34.4 billion in 2023, then fell by 6.11% to $32.3 billion in 2024, then declined by 4.94% to $30.7 billion in 2025, then climbed by 7.93% to $33.2 billion in 2026.
  • The last three Operating Expenses figures came in at $33.2 billion (Q1 2026), $30.7 billion (Q4 2025), and $33.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marathon Petroleum 76.18 Bn 80.70 Bn 3.31 Bn 33.16 Bn
2 Valero Energy 75.63 Bn 72.96 Bn 30.79 Bn 385.00 Mn
3 Phillips 66 71.92 Bn 67.92 Bn 31.12 Bn 32.74 Bn
4 HF Sinclair 12.56 Bn 11.48 Bn 1.19 Bn 6.28 Bn
5 Sunoco 8.81 Bn 8.10 Bn 1.69 Bn 330.00 Mn
6 Cosan 5.12 Bn 250.68 Mn 552.94 Mn 803.77 Mn
7 Icahn Enterprises 4.72 Bn 3.42 Bn -134.00 Mn 2.82 Bn
8 PBF Energy 4.49 Bn 4.08 Bn 278.50 Mn 7.60 Bn
9 Cvr Energy 3.16 Bn 2.85 Bn -103.00 Mn 60.00 Mn
10 Delek US Holdings 2.80 Bn 2.43 Bn -130.20 Mn 2.83 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 33.16 Bn
Dec 31, 2025 30.73 Bn
Sep 30, 2025 33.14 Bn
Jun 30, 2025 31.90 Bn
Mar 31, 2025 31.16 Bn
Dec 31, 2024 32.33 Bn
Sep 30, 2024 34.02 Bn
Jun 30, 2024 35.84 Bn
Mar 31, 2024 31.43 Bn
Dec 31, 2023 34.43 Bn
Sep 30, 2023 36.83 Bn
Jun 30, 2023 33.52 Bn
Mar 31, 2023 31.02 Bn
Dec 31, 2022 35.35 Bn
Sep 30, 2022 40.55 Bn
Jun 30, 2022 45.91 Bn
Mar 31, 2022 36.67 Bn
Dec 31, 2021 33.83 Bn
Sep 30, 2021 31.27 Bn
Jun 30, 2021 28.86 Bn