Marathon Petroleum Corp
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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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
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6. Related Party Transactions
- Related Party Transactions
Transactions with related parties were as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (Millions of dollars) | 2024 | 2023 | 2024 | 2023 |
| Sales to related parties | $213 | $206 | $711 | $658 |
| Purchases from related parties | 624 | 484 | 1,778 | 1,275 |
Sales to related parties, which are included in sales and other operating revenues, consist primarily of refined product sales and renewable feedstock sales to certain of our equity affiliates.
Purchases from related parties are included in cost of revenues. We obtain utilities, transportation services and purchase ethanol and renewable fuels from certain of our equity affiliates.
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