Marathon Petroleum Corporation (MPC) Revenue by Segment

Marathon Petroleum revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Marathon Petroleum's largest business segment was Refining and Marketing, with $49.30 billion or 95% of revenue, up 54.9% from a year earlier. Next: Midstream (3%) and Renewable Diesel (2%).

By product or service, Refined Products brought in 93%, Crude Oil brought in 4% and Services and Other brought in 3% of revenue in Q2 fiscal 2026.

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Marathon Petroleum Corporation

MPCEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Refining and MarketingMidstreamRetailRenewable DieselRefining and Marketing - Intersegment eliminations

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Refining and Marketing	USD 49.30B	94.8%	+54.9%
Midstream	USD 1.46B	2.8%	+8.6%
Renewable Diesel	USD 1.24B	2.4%	+96.5%

Sum of items USD 51.99B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18
Refining and Marketing	49.3B	32.3B	30.3B	32.6B	31.8B	29.5B	31.2B	33.3B	36.2B	31.0B	35.0B	39.6B	35.2B	33.7B	38.6B	44.4B	52.3B	36.8B	34.0B	31.1B	28.6B	21.7B	17.0B	16.5B	11.4B	21.3B	–	26.6B	23.7B	183.0M	28.0B	16.8B	16.3B
Midstream	1.5B	1.3B	1.4B	1.4B	1.3B	1.4B	1.4B	1.3B	1.3B	1.2B	1.2B	1.3B	1.2B	1.2B	1.2B	1.4B	1.5B	1.3B	1.3B	1.2B	1.1B	1.1B	956.0M	915.0M	808.0M	920.0M	–	932.0M	931.0M	–	2.2B	842.0M	750.0M
Retail	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.0M	–	5.4B	5.3B
Renewable Diesel	1.2B	572.0M	851.0M	713.0M	631.0M	619.0M	600.0M	477.0M	491.0M	511.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Refining and Marketing - Intersegment eliminations	–	–	7.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.5B	–	- 8.1B	–	–

Marathon Petroleum revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Refining and Marketing	$49.3B	$32.3B	$32.6B	$31.8B	95%
Midstream	$1.5B	$1.3B	$1.4B	$1.3B	3%
Renewable Diesel	$1.2B	$572.0M	$713.0M	$631.0M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Marathon Petroleum revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Refined Products	$48.2B	$31.3B	$31.8B	$31.0B	93%
Crude Oil	$2.3B	$1.7B	$1.6B	$1.4B	4%
Services and Other	$1.5B	$1.3B	$1.5B	$1.3B	3%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Marathon Petroleum's business segments?

Refining and Marketing, Midstream and Renewable Diesel (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Marathon Petroleum?

Refining and Marketing: $49.30 billion, or 95% of revenue, in Q2 fiscal 2026.

What are Marathon Petroleum's main products and services?

By revenue in Q2 fiscal 2026: Refined Products (93%), Crude Oil (4%) and Services and Other (3%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.