Marathon Petroleum Corp
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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18. Revenue
- Revenue
The following table presents our revenues from external customers disaggregated by segment and product line.
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (Millions of dollars) | 2024 | 2023 | 2024 | 2023 |
| Refining & Marketing | ||||
| Refined products | $31,462 | $36,971 | $94,803 | $101,758 |
| Crude oil | 1,826 | 2,188 | 5,713 | 5,393 |
| Services and other | 487 | 466 | 1,398 | 1,304 |
| Total revenues from external customers | 33,775 | 39,625 | 101,914 | 108,455 |
| Midstream | ||||
| Refined products | 431 | 477 | 1,197 | 1,274 |
| Services and other | 901 | 815 | 2,616 | 2,395 |
| Total revenues from external customers | 1,332 | 1,292 | 3,813 | 3,669 |
| Sales and other operating revenues | $35,107 | $40,917 | $105,727 | $112,124 |
We do not disclose information on the future performance obligations for any contract with expected duration of one year or less at inception. As of September 30, 2024, we do not have future performance obligations that are material to future periods.
Receivables
On the accompanying consolidated balance sheets, receivables, less allowance for doubtful accounts primarily consists of customer receivables. Significant, non-customer balances included in our receivables at September 30, 2024 include matching buy/sell receivables of $4.05 billion.
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