Filing Flows › Industries › Petroleum Refining › Capital spending and supply chain
Petroleum Refining: capital spending and supply chain
SIC 2911 · 10 companies with filed cash-flow statements
Analysis
10 companies in Petroleum Refining (SIC 2911) spent $28.3B on capital projects over their latest twelve months, 29% of the $98.8B their operations generated; the three largest spenders — CVX, MPC, IMO — account for 87%.
Capital spending is 3.2% of the industry's $890.0B of annual revenue.
By the industry's asset mix most of it goes to equipment (61%); about $8.2B is imported.
The largest supplier of that spending is manufacturing structures ($7.8B).
Its largest supplying industries, by the input-output tables: oil and gas extraction ($288.7B), imports ($218.3B), pipeline transportation ($30.4B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| CVX Chevron | $17.9B | $52.0B | 34% | TTM to Q3 2026 |
| MPC Marathon Petroleum | $4.4B | $25.2B | 17% | TTM to Q3 2026 |
| IMO Imperial Oil | $2.3B | $8.6B | 27% | TTM to Q3 2026 |
| PBF PBF Energy | $884M | $3.5B | 25% | TTM to Q3 2026 |
| PBF Holding Co LLC | $876M | $3.4B | 26% | TTM to Q3 2026 |
| SUNC SunocoCorp LLC | $738M | $2.6B | 28% | TTM to Q3 2026 |
| DK Delek US Holdings | $593M | $1.8B | 33% | TTM to Q3 2026 |
| IEP Icahn Enterprises L.P. | $369M | $308M | 120% | TTM to Q3 2026 |
| CVI CVR Energy | $207M | $1.0B | 20% | TTM to Q3 2026 |
| CLMT Calumet | $76.0M | $341M | 22% | TTM to Q3 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| PAA | XOM | 31% | Stated in 10-K (sentence) | filing |
| PAGP | XOM | 31% | Stated in 10-K (sentence) | filing |
| PBF Holding Co LLC | SHEL | 13% | Stated in 10-K (name in text, share from XBRL) | filing |
| SUN | 7-Eleven, Inc | 13% | Stated in 10-K (sentence) | filing |
| IEP | UAN | 28% | Stated in 10-K (sentence) | filing |
| HESM | CVX | 97% | Stated in 10-K (sentence) | filing |
| CHRD | PSX | 21% | Stated in 10-K (sentence) | filing |
| CHRD | MPC | 12% | Stated in 10-K (sentence) | filing |
| MUR | CVX | 19% | Stated in 10-K (XBRL) | filing |
| DKL | DK | 49% | Stated in 10-K (XBRL) | filing |
| NE | XOM | 12% | Stated in 10-K (sentence) | filing |
| TALO | XOM | 23% | Stated in 10-K (sentence) | filing |
| MUR | XOM | 12% | Stated in 10-K (XBRL) | filing |
| TALO | CVX | 12% | Stated in 10-K (sentence) | filing |
| VNOM | XOM | 14% | Stated in 10-K (XBRL) | filing |
| TALO | VLO | 10% | Stated in 10-K (XBRL) | filing |
| BATL | SUN | 86% | Stated in 10-K (sentence) | filing |
| SMHI | XOM | 58% | Stated in 10-K (sentence) | filing |
| AMPY | PSX | 28% | Stated in 10-K (XBRL) | filing |
| EPM | XOM | 46% | Stated in 10-K (sentence) | filing |
| DMLP | XOM | 15% | Stated in 10-K (sentence) | filing |
| MNTK | XOM | 11% | Stated in 10-K (sentence) | filing |
| DMLP | CVX | 10% | Stated in 10-K (sentence) | filing |
| MXC | XOM | 15% | Stated in 10-K (sentence) | filing |
| PUMP | XOM | — | Stated in 10-K (named, share not stated) | filing |
| CVX | ALTO | — | Stated in 10-K (share of revenue from its products) | filing |
| CVX | MLR | — | Stated in 10-K (named, share not stated) | filing |
| CVX | NFG | — | Stated in 10-K (named, share not stated) | filing |
| UAN | IEP | — | Stated in 10-K (named, share not stated) | filing |
| MTDR | XOM | — | Stated in 10-K (named, share not stated) | filing |
| CVI | UAN | — | Stated in 10-K (named, share not stated) | filing |
| CVI | IEP | — | Stated in 10-K (named, share not stated) | filing |
| SUN | ET | — | Stated in 10-K (named, share not stated) | filing |
| XOM | IMO | — | Stated in 10-K (named, share not stated) | filing |
| DTI | CVX | — | Stated in 10-K (named, share not stated) | filing |
| COP | ATO | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.