Marathon Petroleum (MPC) revenue breakdown
By segment, Refining & Marketing is the largest at 94% of fiscal 2025 revenue, growing 12% a year over 9 years.
By product, Refined products is the largest at 89% of fiscal 2020 revenue; Crude oil grew fastest, 19% a year over 4 years.
Revenue by segment
Fiscal years, as Marathon Petroleum reports them in its 10-K filings; fiscal 2025 total $132.7B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Refining & Marketing | $43.2B | $53.4B | $82.8B | $107.3B | $66.2B | $115.3B | $171.5B | $141.8B | $131.6B | $124.3B | 94% |
| Midstream | $1.8B | $2.3B | $3.3B | $3.8B | $3.6B | $4.6B | $5.4B | $4.9B | $5.2B | $5.6B | 4% |
| Renewable Diesel | — | — | — | — | — | — | $626M | $1.6B | $2.1B | $2.8B | 2% |
| Retail | $18.3B | $19.0B | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Marathon Petroleum reports them in its 10-K filings; fiscal 2020 total $69.8B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | Share |
|---|---|---|---|---|---|---|
| Refined products | $54.5B | $65.2B | $79.9B | $103.1B | $62.3B | 89% |
| Crude oil | $2.0B | $2.9B | $3.3B | $4.4B | $4.0B | 6% |
| Midstream services and other | — | $1.8B | $2.8B | $3.6B | $3.5B | 5% |
| Merchandise | $5.3B | $4.9B | — | — | — | — |
| Midstream services, transportation and other | $1.5B | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for MPC.
Open MPC in InvestinglyQuestions
Where does Marathon Petroleum make its money?
In fiscal 2025, by segment: Refining & Marketing $124.3B, Midstream $5.6B, Renewable Diesel $2.8B.
From Marathon Petroleum's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.