Refining & Marketing — Accumulated Depreciation
Marathon Petroleum Refining & Marketing — Accumulated Depreciation increased by 1.7% to $20.46B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $19.02B to $20.46B. Over 3 years (FY 2022 to FY 2025), Refining & Marketing — Accumulated Depreciation shows an upward trend with a 7.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A high ratio of accumulated depreciation to gross PP&E suggests an aging asset base that may require significant future capital expenditure.
Detailed definition
The cumulative amount of depreciation expense recorded against the Refining and Marketing segment's property, plant, and...
Peer comparison
Used by analysts to assess the age and maintenance requirements of refinery fleets.
mpc_segment_refining_marketing_accumulated_depreciationHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.88B | $15.28B | $16.02B | $16.35B | $16.75B | $17.15B | $17.58B | $17.58B | $17.99B | $18.10B | $18.56B | $18.99B | $19.02B | $19.38B | $19.75B | $20.13B | $20.46B |
| QoQ Change | — | +2.7% | +4.8% | +2.0% | +2.4% | +2.4% | +2.5% | -0.0% | +2.4% | +0.6% | +2.6% | +2.3% | +0.1% | +1.9% | +1.9% | +1.9% | +1.7% |
| YoY Change | — | — | — | — | +12.6% | +12.2% | +9.7% | +7.5% | +7.4% | +5.5% | +5.6% | +8.1% | +5.7% | +7.1% | +6.4% | +6.0% | +7.6% |
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Frequently Asked Questions
- What is Marathon Petroleum's refining & marketing — accumulated depreciation?
- Marathon Petroleum (MPC) reported refining & marketing — accumulated depreciation of $20.46B in Q4 2025.
- How has Marathon Petroleum's refining & marketing — accumulated depreciation changed year-over-year?
- Marathon Petroleum's refining & marketing — accumulated depreciation increased by 7.6% year-over-year, from $19.02B to $20.46B.
- What is the long-term trend for Marathon Petroleum's refining & marketing — accumulated depreciation?
- Over 3 years (2022 to 2025), Marathon Petroleum's refining & marketing — accumulated depreciation has grown at a 7.4% compound annual growth rate (CAGR), from $64.39B to $79.73B.
- What does refining & marketing — accumulated depreciation mean?
- The total depreciation taken on the segment's assets to date.