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Business Segments · Property, plant and equipment, net

Refining & Marketing — Property, plant and equipment, net

Marathon Petroleum Refining & Marketing — Property, plant and equipment, net decreased by 0.4% to $13.85B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.3%, from $13.89B to $13.85B. Over 4 years (FY 2021 to FY 2025), Refining & Marketing — Property, plant and equipment, net shows a downward trend with a -4.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2026May 5, 2026
Rolls up toPP&E (Net)

How to read this metric

An increasing trend suggests net investment in the asset base, while a decreasing trend may indicate aging assets or divestments.

Detailed definition

The net book value of the Refining and Marketing segment's physical assets, calculated as gross property, plant, and equ...

Peer comparison

Standard balance sheet metric for assessing the scale of industrial operations.

Metric ID: mpc_segment_refining_marketing_property_plant_and_equipment_net

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$16.49B$16.3B$16.21B$16.06B$16.13B$15.23B$15.55B$15.4B$15.14B$14.71B$13.82B$14.34B$14.19B$14.11B$13.95B$13.89B$13.79B$13.84B$13.91B$13.85B
QoQ Change-1.1%-0.6%-0.9%+0.4%-5.6%+2.1%-1.0%-1.7%-2.8%-6.1%+3.8%-1.0%-0.6%-1.2%-0.5%-0.7%+0.4%+0.5%-0.4%
YoY Change-2.2%-6.6%-4.1%-4.1%-6.2%-3.4%-11.1%-6.8%-6.2%-4.1%+1.0%-3.2%-2.8%-1.9%-0.3%-0.3%
Range$13.79B$16.49B
CAGR-3.6%
Avg YoY Growth-3.9%
Median YoY Growth-3.7%

Frequently Asked Questions

What is Marathon Petroleum's refining & marketing — property, plant and equipment, net?
Marathon Petroleum (MPC) reported refining & marketing — property, plant and equipment, net of $13.85B in Q1 2026.
How has Marathon Petroleum's refining & marketing — property, plant and equipment, net changed year-over-year?
Marathon Petroleum's refining & marketing — property, plant and equipment, net decreased by 0.3% year-over-year, from $13.89B to $13.85B.
What is the long-term trend for Marathon Petroleum's refining & marketing — property, plant and equipment, net?
Over 4 years (2021 to 2025), Marathon Petroleum's refining & marketing — property, plant and equipment, net has grown at a -4.2% compound annual growth rate (CAGR), from $65.74B to $55.43B.
What does refining & marketing — property, plant and equipment, net mean?
The current book value of the segment's physical assets after accounting for wear and tear.