Marathon Petroleum (MPC) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter decreased compared with both the immediately preceding quarter and the same quarter a year ago. The year-over-year decline was larger than the sequential decline.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter decreased compared with both the immediately preceding quarter and the same quarter a year ago. The year-over-year decline was larger than the sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$33.1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.6%
Change from the immediately preceding quarter.
Year-over-year
-8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$138.9B
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 |
|---|---|---|
| Mar 31, 2024 | $32.7B | -6.2% |
| Jun 30, 2024 | $37.9B | +4.3% |
| Sep 30, 2024 | $35.1B | -14.2% |
| Dec 31, 2024 | $33.1B | -8.6% |
Revenue performance
The quarter's revenue marks a continuation of the downward trend observed from the second quarter of the fiscal year.
Quarterly comparison
Sequentially, revenue fell from the prior quarter, while on a year-over-year basis, the decline was more substantial.
What to watch
The direction of revenue in the upcoming quarter will be important to monitor given the recent declines.