Marathon Petroleum Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
MPC$389.55-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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15. Property, Plant and Equipment (PP&E)
- Property, Plant and Equipment (PP&E)
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| (Millions of dollars) | Gross PP&E | Accumulated Depreciation | Net PP&E | Gross PP&E | Accumulated Depreciation | Net PP&E |
| Refining & Marketing | $34,372 | $20,462 | $13,910 | $32,965 | $19,015 | $13,950 |
| Midstream | 34,057 | 11,690 | 22,367 | 30,697 | 10,798 | 19,899 |
| Renewable Diesel | 970 | 396 | 574 | 976 | 338 | 638 |
| Corporate | 1,610 | 1,064 | 546 | 1,679 | 1,138 | 541 |
| Total(a) | $71,009 | $33,612 | $37,397 | $66,317 | $31,289 | $35,028 |
(a)Includes finance leases. See Note 26.
Property, plant and equipment includes construction in progress of $2.91 billion and $1.78 billion at December 31, 2025 and 2024, respectively, which primarily relates to capital projects at our refineries and midstream facilities.
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