Marathon Petroleum (MPC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined relative to both the immediately preceding quarter and the same quarter one year earlier. This marks a continuation of the sequential downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined relative to both the immediately preceding quarter and the same quarter one year earlier. This marks a continuation of the sequential downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$34.9B
Revenue reported for this quarter.
Quarter-over-quarter
-12.4%
Change from the immediately preceding quarter.
Year-over-year
-8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$174.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $53.8B | +81.6% |
| Sep 30, 2022 | $45.8B | +41.7% |
| Dec 31, 2022 | $39.8B | +12.7% |
| Mar 31, 2023 | $34.9B | -8.4% |
Revenue performance
The reported revenue decreased from the prior quarter, reflecting a lower top-line figure.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. When compared to the same quarter one year ago, revenue also showed a decline.
What to watch
The company's working capital movements, as noted in the filing, are sensitive to changes in crude oil volumes and prices, which are relevant to revenue trends.