Refining & Marketing — Cost of purchases
Marathon Petroleum Refining & Marketing — Cost of purchases decreased by 9.6% to $24.74B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 9.1%, from $27.22B to $24.74B. Over 3 years (FY 2022 to FY 2025), Refining & Marketing — Cost of purchases shows a downward trend with a -9.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to revenue suggests improved refining margins, while an increase may signal rising input costs that could compress profitability.
Detailed definition
This represents the direct costs incurred by the segment to acquire crude oil, feedstocks, and other raw materials neces...
Peer comparison
Equivalent to 'Cost of Goods Sold' or 'Feedstock Costs' in downstream refining segments.
mpc_segment_refining_marketing_cost_of_purchasesHistorical Data
| 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 | $34.92B | $34.92B | $34.92B | $34.92B | $28.99B | $28.99B | $28.99B | $28.99B | $25.93B | $30.91B | $28.88B | $27.22B | $25.66B | $26.56B | $27.35B | $24.74B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -17.0% | +0.0% | +0.0% | +0.0% | -10.6% | +19.2% | -6.6% | -5.8% | -5.7% | +3.5% | +3.0% | -9.6% |
| YoY Change | — | — | — | — | -17.0% | -17.0% | -17.0% | -17.0% | -10.6% | +6.6% | -0.4% | -6.1% | -1.0% | -14.1% | -5.3% | -9.1% |
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Frequently Asked Questions
- What is Marathon Petroleum's refining & marketing — cost of purchases?
- Marathon Petroleum (MPC) reported refining & marketing — cost of purchases of $24.74B in Q4 2025.
- How has Marathon Petroleum's refining & marketing — cost of purchases changed year-over-year?
- Marathon Petroleum's refining & marketing — cost of purchases decreased by 9.1% year-over-year, from $27.22B to $24.74B.
- What is the long-term trend for Marathon Petroleum's refining & marketing — cost of purchases?
- Over 3 years (2022 to 2025), Marathon Petroleum's refining & marketing — cost of purchases has grown at a -9.3% compound annual growth rate (CAGR), from $139.66B to $104.31B.
- What does refining & marketing — cost of purchases mean?
- The total cost of acquiring crude oil and feedstocks used in the refining process.