Marathon Petroleum (MPC) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose compared to the preceding three-month period, but fell compared to the same period last year. The sequential increase reversed a decline seen in the prior quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose compared to the preceding three-month period, but fell compared to the same period last year. The sequential increase reversed a decline seen in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$40.9B
Revenue reported for this quarter.
Quarter-over-quarter
+12.6%
Change from the immediately preceding quarter.
Year-over-year
-10.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$151.9B
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 |
|---|---|---|
| Dec 31, 2022 | $39.8B | +12.7% |
| Mar 31, 2023 | $34.9B | -8.4% |
| Jun 30, 2023 | $36.3B | -32.4% |
| Sep 30, 2023 | $40.9B | -10.6% |
Revenue performance
Revenue increased from the immediately preceding quarter, yet declined from the same quarter a year earlier. The sequential improvement came after a period of lower revenue.
Quarterly comparison
The quarter’s revenue was higher than the prior quarter but lower than the year-ago quarter. This marks a shift from the direction seen in the previous sequential comparison.
What to watch
The year-over-year decline despite the sequential gain may warrant attention in the context of broader revenue trends.