Capital Expenditures for Marathon Petroleum (MPC)
According to Marathon Petroleum's latest reported financial statements, the company's current capital expenditures (TTM) is $3.49B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.49B
YoY change
+37.6%
5Y CAGR
+4.6%
Peak year (2019)
$4.81B
Cumulative capital expenditures
$42.33B
CapEx history chart for Marathon Petroleum (MPC) from 2008 to 2025
CapEx history table for Marathon Petroleum (MPC) from 2008 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.49B | +37.6% | ||
| 2024 | $2.53B | +34.0% | ||
| 2023 | $1.89B | -21.9% | ||
| 2022 | $2.42B | +65.3% | ||
| 2021 | $1.46B | -47.5% | ||
| 2020 | $2.79B | -42.1% | ||
| 2019 | $4.81B | +51.3% | ||
| 2018 | $3.18B | +16.4% | ||
| 2017 | $2.73B | -5.5% | ||
| 2016 | $2.89B | +44.7% | ||
| 2015 | $2.00B | +35.0% | ||
| 2014 | $1.48B | +22.7% | ||
| 2013 | $1.21B | -11.9% | ||
| 2012 | $1.37B | +15.5% | ||
| 2011 | $1.19B | -2.6% | ||
| 2010 | $1.22B | -57.9% | ||
| 2009 | $2.89B | +3.7% | ||
| 2008 | $2.79B | — |
CapEx values are taken from Marathon Petroleum's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Marathon Petroleum (MPC) came in at $3.49B – surged 37.6% year-over-year.
Marathon Petroleum capital expenditures compound annual growth for the 2020–2025 (5 years) window is +4.6%, sustaining 2 straight years of year-over-year growth.
Marathon Petroleum capital expenditures declined from $4.81B in 2019 to $3.49B in 2025, a 27.5% drawdown.
$4.81B stands as the all-time-high annual capital expenditures, posted in 2019, against a low of $1.19B during 2011.
Among 8 Energy peers, Marathon Petroleum (MPC) ranks 6th; the peer median for capital expenditures is $5.50B.
Marathon Petroleum Capital Expenditures by Year
Marathon Petroleum Capital Expenditures 2025: $3.49B
Marathon Petroleum capital expenditures in 2025 was $3.49B, surged 37.6% from 2024.
Marathon Petroleum Capital Expenditures 2024: $2.53B
Marathon Petroleum capital expenditures in 2024 was $2.53B, surged 34.0% from 2023.
Marathon Petroleum Capital Expenditures 2023: $1.89B
Marathon Petroleum capital expenditures in 2023 was $1.89B, declined 21.9% below 2022.
Marathon Petroleum Capital Expenditures 2022: $2.42B
Marathon Petroleum capital expenditures in 2022 was $2.42B, surged 65.3% from 2021.
Marathon Petroleum Capital Expenditures 2021: $1.46B
Marathon Petroleum capital expenditures in 2021 was $1.46B.
See more financial history for Marathon Petroleum (MPC).
Sector peers — CapEx
Companies in the same sector as Marathon Petroleum, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Marathon Petroleum's capital expenditures?
- Latest reported capital expenditures for Marathon Petroleum (MPC) is $3.49B (period ending December 31, 2025).
How has Marathon Petroleum capital expenditures changed year-over-year?
- Marathon Petroleum (MPC) capital expenditures changed +37.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Marathon Petroleum capital expenditures?
- Marathon Petroleum (MPC) capital expenditures compound annual growth rate is +4.6% over the most recent 5 years available.
When did Marathon Petroleum capital expenditures hit its highest annual value?
- Marathon Petroleum capital expenditures reached its highest annual value of $4.81B in 2019.
What was Marathon Petroleum capital expenditures in 2024?
- Marathon Petroleum (MPC) capital expenditures in 2024 was $2.53B.
What was Marathon Petroleum capital expenditures in 2025?
- Marathon Petroleum (MPC) capital expenditures in 2025 was $3.49B.
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