Marathon Petroleum (MPC) Revenue & Revenue Breakdown

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Marathon Petroleum Revenue Highlights

Latest Revenue (Y)

$140.41B

Latest Revenue (Q)

$35.85B

Main Segment (Y)

Refining And Marketing

Main Geography (Y)

Midstream

Marathon Petroleum Revenue by Period

Marathon Petroleum Revenue by Year

Date	Revenue	Change
2024-12-31	$140.41B	-5.98%
2023-12-31	$149.35B	-16.21%
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 $140.41B in revenue during NA 2024, up -5.98% compared to the previous quarter, and up 126.18% compared to the same period a year ago.

Marathon Petroleum Revenue by Quarter

Date	Revenue	Change
2025-09-30	$35.85B	6.07%
2025-06-30	$33.80B	7.24%
2025-03-31	$31.52B	-4.89%
2024-12-31	$33.14B	-5.61%
2024-09-30	$35.11B	-7.40%
2024-06-30	$37.91B	15.92%
2024-03-31	$32.71B	-9.79%
2023-12-31	$36.26B	-11.39%
2023-09-30	$40.92B	12.59%
2023-06-30	$36.34B	4.24%
2023-03-31	$34.86B	-12.43%
2022-12-31	$39.81B	-13.05%
2022-09-30	$45.79B	-14.89%
2022-06-30	$53.80B	41.35%
2022-03-31	$38.06B	7.70%
2021-12-31	$35.34B	9.33%
2021-09-30	$32.32B	9.14%
2021-06-30	$29.61B	30.40%
2021-03-31	$22.71B	26.37%
2020-12-31	$17.97B	3.24%
2020-09-30	$17.41B	42.75%
2020-06-30	$12.20B	-45.08%
2020-03-31	$22.20B	-28.59%
2019-12-31	$31.09B	12.85%
2019-09-30	$27.55B	-17.83%
2019-06-30	$33.53B	18.67%
2019-03-31	$28.25B	-12.62%
2018-12-31	$32.33B	40.65%
2018-09-30	$22.99B	3.01%
2018-06-30	$22.32B	18.10%
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 $35.85B in revenue during Q3 2025, up 6.07% compared to the previous quarter, and up 94.55% 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 24	Dec 23	Dec 22	Dec 21
Refining And Marketing	$131.59B	$172.09B	$115.35B	-
Midstream	$5.20B	$4.91B	$5.37B	$4.63B
Renewable Diesel	$2.07B	-	-	-
Refining & Marketing	-	$143.47B	-	-

Marathon Petroleum's latest annual revenue breakdown by segment (product or service), as of Dec 24: Refining And Marketing (94.76%), Midstream (3.74%), and Renewable Diesel (1.49%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	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
Renewable Diesel	$709.00M	$629.00M	$615.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Midstream	$1.45B	$1.34B	$1.44B	-	$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
Refining And Marketing	$32.65B	$31.83B	$29.46B	$66.25B	$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
Reportable Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$22.71B	$17.97B	$17.41B

Marathon Petroleum's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Refining And Marketing (93.80%), Midstream (4.16%), and Renewable Diesel (2.04%).

Marathon Petroleum Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21
Midstream	$10.99B	$5.37B	$4.63B	-
United States	-	$148.38B	-	-

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

Quarterly Revenue by Country

Country	Sep 25	Jun 25	Mar 25	Dec 24	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
Midstream	$2.93B	$2.81B	$2.91B	$5.57B	$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

Marathon Petroleum's latest quarterly revenue breakdown by geography, as of Sep 25: Midstream (100.00%).

Marathon Petroleum Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MPC	Marathon Petroleum	$140.41B	$35.85B
EQNR	Equinor ASA	$106.85B	$25.09B
E	Eni S.p.A.	$93.72B	$22.94B
ET	Energy Transfer LP	$82.67B	$19.95B
EPD	Enterprise Products Partners	$56.22B	$12.02B
SLB	SLB	$35.71B	$8.93B
EOG	EOG Resources	$23.38B	$5.73B
PSX	Phillips 66	$19.65B	$34.52B
KMI	Kinder Morgan	$15.10B	$4.15B
MPLX	MPLX Lp	$11.93B	$3.62B
VLO	Valero Energy	-	$32.17B

MPC Revenue FAQ

What is Marathon Petroleum’s yearly revenue?

Marathon Petroleum's yearly revenue for 2024 was $140.41B, representing a decrease of -5.98% compared to 2023. The company's yearly revenue for 2023 was $149.35B, representing a decrease of -16.21% compared to 2022. MPC's yearly revenue for 2022 was $178.24B, representing an increase of 47.97% compared to 2021.

What is Marathon Petroleum’s quarterly revenue?

Marathon Petroleum's quarterly revenue for Q3 2025 was $35.85B, a 6.07% increase from the previous quarter (Q2 2025), and a 2.11% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $33.8B, a 7.24% increase from the previous quarter (Q1 2025), and a -10.85% decrease year-over-year (Q2 2024). MPC's quarterly revenue for Q1 2025 was $31.52B, a -4.89% decrease from the previous quarter (Q4 2024), and a -3.64% decrease year-over-year (Q1 2024).

What is Marathon Petroleum’s revenue growth rate?

Marathon Petroleum's revenue growth rate for the last 3 years (2022-2024) was -21.22%, and for the last 5 years (2020-2024) was 100.89%.

What are Marathon Petroleum’s revenue streams?

Marathon Petroleum's revenue streams in c 24 are Refining And Marketing, Midstream, and Renewable Diesel. Refining And Marketing generated $131.59B in revenue, accounting 94.76% of the company's total revenue, down -8.35% year-over-year. Midstream generated $5.2B in revenue, accounting 3.74% of the company's total revenue, down -50.54% year-over-year. Renewable Diesel generated $2.07B in revenue, accounting 1.49% of the company's total revenue

What is Marathon Petroleum’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Marathon Petroleum was Refining And Marketing. This segment made a revenue of $131.59B, representing 94.76% of the company's total revenue.