MPC · 10-Q · 2026Q2 · Full report

Capital Expenditures

Marathon Petroleum Corp · 2026-08-04 · Importance 69 · Surprise 64

Investing activities used $2.44 billion in the first six months of 2026, versus $1.90 billion in the first six months of 2025. Additions to property, plant and equipment increased $741 million year over year. Total capital expenditures increased to $2.193 billion from $1.353 billion, while total capital expenditures and investments rose to $2.638 billion from $1.841 billion. Investments primarily consisted of contributions to MPLX and Renewable Diesel equity-method investments, including $62 million of Martinez Renewables JV funding for turnaround costs expected to be recovered through 2026 distributions.

Key facts

• Total capital expenditures and investments were $2,638 million for the six months ended June 30, 2026. source
• Investing activities were a net $2.44 billion use of cash in the first six months of 2026 compared to a net $1.90 billion use of cash in the first six months of 2025. source
• Additions to property, plant and equipment per the Consolidated Statements of Cash Flows were $2,099 million for the six months ended June 30, 2026. source
• Total capital expenditures were $2,193 million for the six months ended June 30, 2026. source
• Total capital expenditures and investments were $1,841 million for the six months ended June 30, 2025. source
• Additions to property, plant and equipment increased $741 million (period-over-period). source
• Additions to property, plant and equipment per the Consolidated Statements of Cash Flows were $1,358 million for the six months ended June 30, 2025. source
• Total capital expenditures were $1,353 million for the six months ended June 30, 2025. source