Marathon Petroleum Corp
Close on Nov 2, 2026Market cap $120.86BP/E 14.8Yield 0.87%
Marathon Petroleum Refining & Marketing margin by Year
Refining & Marketing margin ($/bbl of net throughput) ($)
Marathon Petroleum Refining & Marketing margin: $16.87 in 2025, up 5.4% from a year earlier.
Where the 2025 figure comes from
“MPC-2Q-2026-IR-Packet.xlsx (R&M $/bbl) | FY2025 | Refining & Marketing margin: 16.87”
Source: MPC Investor Relations Data Packet (MPC-2Q-2026-IR-Packet.xlsx) ↗
Sales revenue less cost of refinery inputs and purchased products, divided by net refinery throughput
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Refining & Marketing margin ($/bbl of net throughput) ($) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 16.87 | +5.4% | MPC Investor Relations Data Packet (MPC-2Q-2026-IR-Packet.xlsx) ↗ |
| 2024 | Dec 31, 2024 | 16.01 | -30.4% | MPC Investor Relations Data Packet (MPC-2Q-2026-IR-Packet.xlsx) ↗ |
| 2023 | Dec 31, 2023 | 23 | -18.4% | MPC Investor Relations Data Packet (MPC-4Q-2025-IR-Packet.xlsx) ↗ |
| 2022 | Dec 31, 2022 | 28.18 | +110.9% | MPC Investor Relations Data Packet (MPC-Q4-2024-IR-Packet.xlsx) ↗ |
| 2021 | Dec 31, 2021 | 13.36 | +49.1% | MPC Investor Relations Data Packet (MPC-Q4-2023-IR-Packet.xlsx) ↗ |
| 2020 | Dec 31, 2020 | 8.96 | -39.3% | Marathon Petroleum Form 8-K Item 2.02 Earnings Release (2021 Q4) ↗ |
| 2019 | Dec 31, 2019 | 14.77 | +3.6% | Marathon Petroleum Form 8-K Item 2.02 Earnings Release (2020 Q4) ↗ |
| 2018 | Dec 31, 2018 | 14.25 | – | Marathon Petroleum Form 8-K Item 2.02 Earnings Release (2019 Q4) ↗ |
Breakdown
What makes up refining & Marketing margin
- Refining operating costs, ex-turnaround & D&A ($/bbl)5.59 · 2025
- R&M distribution costs, ex-D&A ($/bbl)5.67 · 2025
- R&M other income ($/bbl)-0.09 · 2025
- Refining & Marketing segment Adjusted EBITDA ($/bbl)5.63 · 2025
- Refining planned turnaround costs ($/bbl)1.39 · 2025
- Refining & Marketing depreciation and amortization ($/bbl)1.49 · 2025
- Refining & Marketing margin, ex-LIFO ($M)18,404 · 2025
Cite this data
StockData. (2026). Marathon Petroleum Refining & Marketing margin ($), annual 2018–2025 [Data set]. Compiled from Marathon Petroleum SEC filings and investor materials. https://stockdatahq.com/stocks/mpc/kpis/rm-margin-per-bbl
See every metric in the Marathon Petroleum KPI table. Data updated Oct 27, 2026.