Marathon Petroleum (MPC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to both the previous quarter and the same period a year ago. The decrease reflects weaker market conditions.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to both the previous quarter and the same period a year ago. The decrease reflects weaker market conditions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$32.7B
Revenue reported for this quarter.
Quarter-over-quarter
-9.8%
Change from the immediately preceding quarter.
Year-over-year
-6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$146.2B
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, 2023 | $36.3B | -32.4% |
| Sep 30, 2023 | $40.9B | -10.6% |
| Dec 31, 2023 | $36.3B | -8.9% |
| Mar 31, 2024 | $32.7B | -6.2% |
Revenue performance
The company reported lower revenue for the quarter, driven by a challenging operating environment.
Quarterly comparison
Revenue decreased from the immediately preceding quarter and was also lower than the same quarter one year earlier.
What to watch
Monitor changes in working capital, which significantly impacted cash flows during the quarter.