MPC · 8-K · 20260804PR000060
Capital Expenditure Program
Marathon Petroleum Corp · 2026-08-04 · Importance 50 · Surprise 42 · No source text
MPC’s 2026 capital spending outlook, excluding MPLX, is $1.5 billion, with approximately 65% directed to value-enhancing investments and 35% to sustaining operations. Second-quarter El Paso yield-improvement and Robinson product-flexibility projects entered service. The Robinson project enables approximately 10 thousand barrels per day of incremental jet-fuel production, while the El Paso project supports specialty gasoline production for El Paso, Phoenix and Mexico. MPLX increased its 2026 growth-capital outlook by $500 million to $2.9 billion, primarily to accelerate the Gulf Coast fractionation project.
Key facts
- MPC’s 2026 capital spending outlook (excluding MPLX) is $1.5 billion source
- Approximately 65% of MPC’s overall 2026 capital spending is focused on value-enhancing investments and 35% on sustaining operations source
- Six months ended June 30, 2026 total capital expenditures: $2,638 million (Refining & Marketing $653 million; Midstream $1,913 million; Renewable Diesel $0 million; Corporate $72 million) source
- Three months ended June 30, 2026 total capital expenditures: $1,386 million (Refining & Marketing $325 million; Midstream $1,021 million; Renewable Diesel $0 million; Corporate $40 million) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | committed | — | MPC’s 2026 capital spending outlook (excluding MPLX) is $1.5 billion |
| cash | negative | committed | — | MPC’s 2026 capital spending outlook (excluding MPLX) is $1.5 billion |
| assets | positive | committed | — | Approximately 65% of MPC’s overall 2026 capital spending is focused on value-enhancing investments and 35% on sustaining operations |
| cash | negative | realized | — | Six months ended June 30, 2026 total capital expenditures: $2,638 million (Refining & Marketing $653 million; Midstream $1,913 million;… |