Marathon Petroleum (MPC) Revenue & Revenue Breakdown

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Marathon Petroleum Revenue Highlights

Latest Revenue (Y)

$148.47B

Latest Revenue (Q)

$35.37B

Main Segment (Y)

Refining And Marketing

Main Geography (Y)

Midstream

Marathon Petroleum Revenue by Period

Marathon Petroleum Revenue by Year

Date	Revenue	Change
2023-12-31	$148.47B	-16.70%
2022-12-31	$178.24B	47.97%
2021-12-31	$120.45B	72.33%
2020-12-31	$69.90B	-37.19%
2019-12-31	$111.28B	28.96%
2018-12-31	$86.28B	14.96%
2017-12-31	$75.05B	18.16%
2016-12-31	$63.52B	-1.48%
2015-12-31	$64.47B	-29.35%
2014-12-31	$91.25B	-2.87%
2013-12-31	$93.95B	22.70%
2012-12-31	$76.57B	-2.72%
2011-12-31	$78.71B	25.72%
2010-12-31	$62.60B	37.17%
2009-12-31	$45.64B	-30.06%
2008-12-31	$65.26B	-

Marathon Petroleum generated $148.47B in revenue during NA 2023, up -16.70% compared to the previous quarter, and up 172.07% compared to the same period a year ago.

Marathon Petroleum Revenue by Quarter

Date	Revenue	Change
2024-09-30	$35.37B	-6.32%
2024-06-30	$37.76B	15.45%
2024-03-31	$32.71B	-9.99%
2023-12-31	$36.33B	-11.45%
2023-09-30	$41.03B	12.77%
2023-06-30	$36.38B	4.83%
2023-03-31	$34.71B	-13.05%
2022-12-31	$39.92B	-12.82%
2022-09-30	$45.79B	-15.58%
2022-06-30	$54.24B	41.30%
2022-03-31	$38.38B	8.31%
2021-12-31	$35.44B	9.07%
2021-09-30	$32.49B	9.27%
2021-06-30	$29.73B	30.48%
2021-03-31	$22.79B	26.46%
2020-12-31	$18.02B	3.38%
2020-09-30	$17.43B	42.65%
2020-06-30	$12.22B	-45.03%
2020-03-31	$22.23B	-20.74%
2019-12-31	$28.04B	1.67%
2019-09-30	$27.58B	0.80%
2019-06-30	$27.36B	-3.27%
2019-03-31	$28.29B	-12.73%
2018-12-31	$32.41B	40.71%
2018-09-30	$23.04B	3.01%
2018-06-30	$22.36B	18.34%
2018-03-31	$18.90B	-10.68%
2017-12-31	$21.16B	9.61%
2017-09-30	$19.30B	5.68%
2017-06-30	$18.26B	11.84%
2017-03-31	$16.33B	6.36%
2016-12-31	$15.35B	4.07%
2016-09-30	$14.75B	-1.30%
2016-06-30	$14.95B	36.42%
2016-03-31	$10.96B	-29.79%
2015-12-31	$15.61B	-16.61%
2015-09-30	$18.72B	-8.87%
2015-06-30	$20.54B	19.46%
2015-03-31	$17.19B	-22.74%
2014-12-31	$22.25B	-12.53%
2014-09-30	$25.44B	-5.24%
2014-06-30	$26.84B	15.28%
2014-03-31	$23.29B	-6.47%
2013-12-31	$24.90B	-5.18%
2013-09-30	$26.26B	2.25%
2013-06-30	$25.68B	10.06%
2013-03-31	$23.33B	13.92%
2012-12-31	$20.48B	-3.59%
2012-09-30	$21.24B	4.91%
2012-06-30	$20.25B	-0.12%
2012-03-31	$20.27B	4.33%
2011-12-31	$19.43B	-5.84%
2011-09-30	$20.64B	-0.67%
2011-06-30	$20.78B	16.26%
2011-03-31	$17.87B	2.35%
2010-12-31	$17.46B	9.62%
2010-09-30	$15.93B	0.77%
2010-06-30	$15.81B	18.04%
2010-03-31	$13.39B	-0.22%
2009-12-31	$13.42B	7.90%
2009-09-30	$12.44B	-

Marathon Petroleum generated $35.37B in revenue during Q3 2024, up -6.32% compared to the previous quarter, and up 97.22% compared to the same period a year ago.

Marathon Petroleum Revenue Breakdown

Marathon Petroleum Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Midstream	$10.51B	$5.37B	$4.63B	$3.60B	$3.83B
Refining And Marketing	$143.57B	$172.09B	$115.35B	$66.18B	$87.06B
Reportable Segment	-	-	-	$69.78B	$123.95B
Retail Segment	-	-	-	-	$33.06B

Marathon Petroleum's latest annual revenue breakdown by segment (product or service), as of Dec 23: Refining And Marketing (93.18%), and Midstream (6.82%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Refining And Marketing	$33.81B	$31.52B	$35.04B	$39.66B	$35.17B	$33.66B	$38.64B	$44.35B	$52.30B	$36.79B	$34.03B	$31.11B	$28.55B	$21.66B	$17.02B	$16.49B	$9.44B	$17.53B	$22.01B	$21.44B
Midstream	$2.80B	$2.62B	$2.70B	$2.73B	$1.18B	$1.20B	$1.17B	$1.43B	$1.50B	$1.27B	$1.31B	$1.21B	$1.06B	$1.05B	$956.00M	$915.00M	$805.00M	$918.00M	$1.02B	$929.00M
Reportable Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	$22.71B	$17.97B	$17.41B	$15.02B	$25.21B	$31.09B	$31.04B
Retail Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.78B	$6.77B	$8.06B	$8.68B

Marathon Petroleum's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Refining And Marketing (92.35%), and Midstream (7.65%).

Marathon Petroleum Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Midstream	$10.51B	$5.37B	$4.63B	$3.60B	$3.83B

Marathon Petroleum's latest annual revenue breakdown by geography, as of Dec 23: Midstream (100.00%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Midstream	$2.80B	$2.62B	$2.70B	$2.73B	$1.18B	$1.20B	$1.17B	$1.43B	$1.50B	$1.27B	$1.31B	$1.21B	$1.06B	$1.05B	$956.00M	$915.00M	$805.00M	$918.00M	$1.02B	$929.00M

Marathon Petroleum's latest quarterly revenue breakdown by geography, as of Sep 24: Midstream (100.00%).

Marathon Petroleum Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MPC	Marathon Petroleum	$148.47B	$35.37B
PSX	Phillips 66	$147.40B	$36.16B
VLO	Valero Energy	$144.77B	$32.88B
PBF	PBF Energy	$38.32B	$8.38B
DINO	HF Sinclair	$31.96B	$7.21B
SUN	Sunoco LP	$23.07B	$5.75B
DK	Delek US	$16.92B	$2.83B
CVI	CVR Energy	$9.25B	$1.83B
DKL	Delek Logistics Partners, LP	$1.02B	$214.07M

MPC Revenue FAQ

What is Marathon Petroleum’s yearly revenue?

Marathon Petroleum's yearly revenue for 2023 was $148.47B, representing a decrease of -16.70% compared to 2022. The company's yearly revenue for 2022 was $178.24B, representing an increase of 47.97% compared to 2021. MPC's yearly revenue for 2021 was $120.45B, representing an increase of 72.33% compared to 2020.

What is Marathon Petroleum’s quarterly revenue?

Marathon Petroleum's quarterly revenue for Q3 2024 was $35.37B, a -6.32% decrease from the previous quarter (Q2 2024), and a -13.79% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $37.76B, a 15.45% increase from the previous quarter (Q1 2024), and a 3.78% increase year-over-year (Q2 2023). MPC's quarterly revenue for Q1 2024 was $32.71B, a -9.99% decrease from the previous quarter (Q4 2023), and a -5.77% decrease year-over-year (Q1 2023).

What is Marathon Petroleum’s revenue growth rate?

Marathon Petroleum's revenue growth rate for the last 3 years (2021-2023) was 23.26%, and for the last 5 years (2019-2023) was 33.42%.

What are Marathon Petroleum’s revenue streams?

Marathon Petroleum's revenue streams in c 23 are Midstream, and Refining And Marketing. Midstream generated $10.51B in revenue, accounting 6.82% of the company's total revenue, up 95.83% year-over-year. Refining And Marketing generated $143.58B in revenue, accounting 93.18% of the company's total revenue, down -16.57% year-over-year.

What is Marathon Petroleum’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Marathon Petroleum was Refining And Marketing. This segment made a revenue of $143.58B, representing 93.18% of the company's total revenue.