MPC · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

Marathon Petroleum Corp · 2026-11-03 · Importance 64 · Surprise 56

Total capital expenditures were $3.357 billion in the first nine months of 2026, compared with $2.410 billion in the first nine months of 2025. Total capital expenditures and investments reached $4.082 billion, up from $3.231 billion a year earlier. Additions to property, plant and equipment were $3.226 billion, an increase of $921 million from the prior-year period. Net investments were $755 million, primarily contributions to MPLX and Renewable Diesel equity-method investments.

Key facts

• Marathon Petroleum Corp reported $3.226 billion in additions to property, plant and equipment in the first nine months of 2026, compared with $2.305 billion in the first nine months of 2025. source
• Marathon Petroleum Corp reported total capital expenditures of $3.357 billion in the first nine months of 2026, compared with $2.410 billion in the first nine months of 2025. source
• Marathon Petroleum Corp reported total capital expenditures and investments of $4.082 billion in the first nine months of 2026, compared with $3.231 billion in the first nine months of 2025. source
• Marathon Petroleum Corp's $62 million of funding to the Martinez Renewables JV for first-quarter 2026 turnaround costs was excluded from the table because it was expected to be recovered through subsequent JV distributions during 2026. source
• Marathon Petroleum Corp's additions to property, plant and equipment increased $921 million in the first nine months of 2026 compared with the first nine months of 2025. source
• Marathon Petroleum Corp's net cash used in investments was $755 million in the first nine months of 2026, compared with $250 million in the first nine months of 2025; 2026 investments primarily included contributions to MPLX and Renewable Diesel equity method investments. source