Marathon Petroleum (MPC) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared to both the prior quarter and the same period a year ago. The sequential increase reversed a declining trend seen in earlier quarters.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared to both the prior quarter and the same period a year ago. The sequential increase reversed a declining trend seen in earlier quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$37.9B
Revenue reported for this quarter.
Quarter-over-quarter
+15.9%
Change from the immediately preceding quarter.
Year-over-year
+4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$147.8B
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, 2023 | $40.9B | -10.6% |
| Dec 31, 2023 | $36.3B | -8.9% |
| Mar 31, 2024 | $32.7B | -6.2% |
| Jun 30, 2024 | $37.9B | +4.3% |
Revenue performance
The reported revenue reflects a positive direction for the quarter. The increase from the preceding quarter marks a change from the sequential declines observed in the prior three quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. When measured against the same quarter one year earlier, revenue was also higher.
What to watch
Filing context notes a decrease in net cash provided by operating activities due to lower operating results and unfavorable working capital changes.