Business Segments · Segment expenses
Refining & Marketing — Segment expenses
Marathon Petroleum Refining & Marketing — Segment expenses decreased by 8.3% to $28.33B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.6%, from $30.65B to $28.33B. Over 3 years (FY 2022 to FY 2025), Refining & Marketing — Segment expenses shows a downward trend with a -8.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025
Rolls up toTotal Operating Expenses
How to read this metric
A decrease relative to revenue indicates improved margin expansion, while an increase suggests rising costs that could erode profitability.
Detailed definition
This is the aggregate of all costs incurred by the refining and marketing segment, including purchases, operating costs,...
Peer comparison
Equivalent to 'Total Segment Operating Expenses' across the refining industry.
Metric ID:
mpc_segment_refining_marketing_segment_expensesHistorical Data
16 periods
| 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 | $38.10B | $38.10B | $38.10B | $38.10B | $32.08B | $32.08B | $32.08B | $32.08B | $29.05B | $34.19B | $32.23B | $30.65B | $29.01B | $29.95B | $30.90B | $28.33B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -15.8% | +0.0% | +0.0% | +0.0% | -9.5% | +17.7% | -5.7% | -4.9% | -5.3% | +3.2% | +3.2% | -8.3% |
| YoY Change | — | — | — | — | -15.8% | -15.8% | -15.8% | -15.8% | -9.5% | +6.6% | +0.5% | -4.5% | -0.1% | -12.4% | -4.2% | -7.6% |
Range$28.33B – $38.10B
CAGR-7.6%
Avg YoY Growth-7.9%
Median YoY Growth-8.5%
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Frequently Asked Questions
- What is Marathon Petroleum's refining & marketing — segment expenses?
- Marathon Petroleum (MPC) reported refining & marketing — segment expenses of $28.33B in Q4 2025.
- How has Marathon Petroleum's refining & marketing — segment expenses changed year-over-year?
- Marathon Petroleum's refining & marketing — segment expenses decreased by 7.6% year-over-year, from $30.65B to $28.33B.
- What is the long-term trend for Marathon Petroleum's refining & marketing — segment expenses?
- Over 3 years (2022 to 2025), Marathon Petroleum's refining & marketing — segment expenses has grown at a -8.1% compound annual growth rate (CAGR), from $152.39B to $118.18B.
- What does refining & marketing — segment expenses mean?
- The total sum of all costs associated with the refining and marketing segment's operations.