MPC · 10-Q · 2026Q2 · Full report

Operating Expense Trends

Marathon Petroleum Corp · 2026-08-04 · Importance 52 · Surprise 30 · Matches filing data

Consolidated costs and expenses increased $15.11 billion, or 24%, in the first six months of 2026, including a $14.94 billion increase in cost of revenues from higher crude costs and finished-product purchases. Selling, general and administrative expense increased $111 million year to date, driven by $56 million of higher employee-related costs and a $45 million fair-value remeasurement of performance-based stock compensation. Refining operating costs increased $172 million year to date, or $0.44 per barrel, because of major maintenance and engineered projects during turnaround activity, partially offset by lower energy costs. Distribution costs increased $141 million year to date, or $0.38 per barrel, because of rate increases and higher third-party marine costs, while refining planned turnaround costs increased $101 million.

Key facts

• Cost of revenues (excludes items below) was $43,064 million for the three months ended June 30, 2026 and $30,025 million for the three months ended June 30, 2025. source
• For the three months ended June 30, 2026, refining operating costs, excluding depreciation and amortization, increased $45 million, or $0.38 per barrel. source
• Distribution costs, excluding depreciation and amortization, increased $38 million, or $0.36 per barrel, in the second quarter of 2026. source

Impact estimates