Marathon Petroleum (MPC) Revenue — Quarter Ended Jun 30, 2023
Revenue increased from the immediately preceding quarter but declined sharply compared with the same quarter one year earlier. The sequential improvement followed a decline in the prior quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased from the immediately preceding quarter but declined sharply compared with the same quarter one year earlier. The sequential improvement followed a decline in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$36.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.2%
Change from the immediately preceding quarter.
Year-over-year
-32.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$156.8B
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 |
|---|---|---|
| Sep 30, 2022 | $45.8B | +41.7% |
| Dec 31, 2022 | $39.8B | +12.7% |
| Mar 31, 2023 | $34.9B | -8.4% |
| Jun 30, 2023 | $36.3B | -32.4% |
Revenue performance
The reported revenue for this quarter moved higher versus the prior quarter, reversing part of the prior sequential decline.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Relative to the same quarter one year earlier, revenue was substantially lower.
What to watch
No specific forward-looking context was provided in the filing for the next quarter.