Marathon Petroleum Corp
For the period ended Jun 30, 2025. Filed Aug 5, 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.
Jun 30, 2025 · Filed Aug 5, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (Millions of dollars) | 2025 | 2024 | 2025 | 2024 |
| Refining & Marketing | ||||
| Refined products | $29,945 | $33,605 | $57,372 | $62,342 |
| Crude oil | 1,419 | 2,099 | 2,984 | 3,887 |
| Services and other | 464 | 459 | 929 | 908 |
| Total revenues from external customers | 31,828 | 36,163 | 61,285 | 67,137 |
| Midstream | ||||
| Refined products | 472 | 393 | 1,002 | 766 |
| Services and other | 868 | 867 | 1,779 | 1,715 |
| Total revenues from external customers | 1,340 | 1,260 | 2,781 | 2,481 |
| Renewable Diesel | ||||
| Refined products | 629 | 489 | 1,244 | 999 |
| Services and other | 2 | 2 | 6 | 3 |
| Total revenues from external customers | 631 | 491 | 1,250 | 1,002 |
| Sales and other operating revenues | $33,799 | $37,914 | $65,316 | $70,620 |
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 June 30, 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 expected credit loss primarily consists of customer receivables. Significant, non-customer balances included in our receivables at June 30, 2025 include matching buy/sell receivables of $4.27 billion.
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