Marathon Petroleum Corp
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 2025
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17. Revenue
- Revenue
The following table presents our revenues from external customers disaggregated by segment and product line:
| Three Months Ended March 31, | ||
|---|---|---|
| (Millions of dollars) | 2025 | 2024 |
| Refining & Marketing | ||
| Refined products | $27,427 | $28,737 |
| Crude oil | 1,565 | 1,788 |
| Services and other | 465 | 449 |
| Total revenues from external customers | 29,457 | 30,974 |
| Midstream | ||
| Refined products | 530 | 373 |
| Services and other | 911 | 848 |
| Total revenues from external customers | 1,441 | 1,221 |
| Renewable Diesel | ||
| Refined products | 615 | 510 |
| Services and other | 4 | 1 |
| Total revenues from external customers | 619 | 511 |
| Sales and other operating revenues | $31,517 | $32,706 |
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 March 31, 2025, 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 March 31, 2025 include matching buy/sell receivables of $5.18 billion.
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