Marathon Petroleum Corp
Close on Nov 2, 2026Market cap $120.86BP/E 14.8Yield 0.87%
Marathon Petroleum Refining & Marketing margin, ex-LIFO by Year
Refining & Marketing margin, ex-LIFO ($M) ($M)
Marathon Petroleum Refining & Marketing margin, ex-LIFO: $18,404M in 2025, up 7.5% from a year earlier.
Where the 2025 figure comes from
“MPC-2Q-2026-IR-Packet.xlsx (R&M Margin Recon) | FY2025 | Refining & Marketing margin: 18404”
Source: MPC Investor Relations Data Packet (MPC-2Q-2026-IR-Packet.xlsx) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Refining & Marketing margin, ex-LIFO ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 18,404 | +7.5% | MPC Investor Relations Data Packet (MPC-2Q-2026-IR-Packet.xlsx) ↗ |
| 2024 | Dec 31, 2024 | 17,121 | -30.2% | MPC Investor Relations Data Packet (MPC-2Q-2026-IR-Packet.xlsx) ↗ |
| 2023 | Dec 31, 2023 | 24,529 | -18.9% | MPC Investor Relations Data Packet (MPC-4Q-2025-IR-Packet.xlsx) ↗ |
| 2022 | Dec 31, 2022 | 30,231 | +121.4% | MPC Investor Relations Data Packet (MPC-Q4-2024-IR-Packet.xlsx) ↗ |
| 2021 | Dec 31, 2021 | 13,652 | – | MPC Investor Relations Data Packet (MPC-Q4-2023-IR-Packet.xlsx) ↗ |
Breakdown
What makes up refining & Marketing margin, ex-LIFO
- Refining & Marketing GAAP gross margin ($M)5,357 · 2025
- Refining operating costs, ex-turnaround & D&A ($M)6,097 · 2025
- R&M distribution costs, ex-D&A ($M)6,185 · 2025
- Refining planned turnaround costs ($M)1,514 · 2025
- Refining & Marketing segment Adjusted EBITDA ($M)6,138 · 2025
- Refining & Marketing capital expenditures & investments ($M)1,580 · 2025
Cite this data
StockData. (2026). Marathon Petroleum Refining & Marketing margin, ex-LIFO ($M), annual 2021–2025 [Data set]. Compiled from Marathon Petroleum SEC filings and investor materials. https://stockdatahq.com/stocks/mpc/kpis/rm-margin-total-mm
See every metric in the Marathon Petroleum KPI table. Data updated Oct 27, 2026.