Marathon Petroleum (MPC) Revenue — Quarter Ended Dec 31, 2023
Revenue declined for the quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the revenue fluctuations seen in recent periods.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined for the quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the revenue fluctuations seen in recent periods.
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
-11.4%
Change from the immediately preceding quarter.
Year-over-year
-8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$148.4B
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 |
|---|---|---|
| Mar 31, 2023 | $34.9B | -8.4% |
| Jun 30, 2023 | $36.3B | -32.4% |
| Sep 30, 2023 | $40.9B | -10.6% |
| Dec 31, 2023 | $36.3B | -8.9% |
Revenue performance
Reported revenue decreased from the prior quarter, and was also lower than the same quarter in the previous year.
Quarterly comparison
Sequentially, revenue fell from the third quarter of the same fiscal year, and on a year-over-year basis, it was down from the fourth quarter of the prior fiscal year.
What to watch
The filing mentions a decrease in operating results, which may be relevant to future revenue trends.