Refining & Marketing — Operating costs
Marathon Petroleum Refining & Marketing — Operating costs increased by 3.0% to $1.59B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $1.45B to $1.59B. Over 3 years (FY 2022 to FY 2025), Refining & Marketing — Operating costs shows relatively stable performance with a 2.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease indicates improved operational efficiency, while an increase may signal rising maintenance requirements or inflationary pressures on labor and energy.
Detailed definition
This metric encompasses the day-to-day expenses required to operate refineries, including labor, maintenance, utilities,...
Peer comparison
Often categorized as 'Operating Expenses' or 'Refining Cash Operating Costs' by peers.
mpc_segment_refining_marketing_operating_costsHistorical 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 | $1.43B | $1.43B | $1.43B | $1.43B | $1.41B | $1.41B | $1.41B | $1.41B | $1.47B | $1.36B | $1.44B | $1.45B | $1.47B | $1.49B | $1.55B | $1.59B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -1.8% | +0.0% | +0.0% | +0.0% | +4.2% | -7.0% | +5.3% | +1.0% | +1.6% | +1.0% | +4.0% | +3.0% |
| YoY Change | — | — | — | — | -1.8% | -1.8% | -1.8% | -1.8% | +4.2% | -3.1% | +2.0% | +3.0% | +0.5% | +9.0% | +7.7% | +9.9% |
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Frequently Asked Questions
- What is Marathon Petroleum's refining & marketing — operating costs?
- Marathon Petroleum (MPC) reported refining & marketing — operating costs of $1.59B in Q4 2025.
- How has Marathon Petroleum's refining & marketing — operating costs changed year-over-year?
- Marathon Petroleum's refining & marketing — operating costs increased by 9.9% year-over-year, from $1.45B to $1.59B.
- What is the long-term trend for Marathon Petroleum's refining & marketing — operating costs?
- Over 3 years (2022 to 2025), Marathon Petroleum's refining & marketing — operating costs has grown at a 2.1% compound annual growth rate (CAGR), from $5.73B to $6.10B.
- What does refining & marketing — operating costs mean?
- The day-to-day expenses required to run and maintain the segment's refineries.