Refined Products was Marathon Petroleum’s largest product and service line in fiscal 2025, bringing in $121.33B of $132.70B (91%).
| Product and Service | FY 2009 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Refined Products | $163.58B | $135.98B | $126.17B | $121.33B | |||||||||
| Crude Oil | $8.96B | $7.42B | $7.30B | $5.82B | |||||||||
| Merchandise | — | — | — | — | |||||||||
| Services & Other | $4.91B | $4.98B | $5.40B | $5.56B | |||||||||
| Midstream Services & Other | — | — | — | — | |||||||||
| Crude Oil & Refinery Feedstocks | — | — | — | — | |||||||||
| Service, Transportation & Other | — | — | — | — | |||||||||
| Transportation & Other | — | — | — | — | |||||||||
| Total | $177.45B | $148.38B | $138.86B | $132.70B |
Marathon Petroleum brought in $132.70B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 4.4% from $138.86B in fiscal 2024. Refined Products was the largest at $121.33B (91.4%), ahead of Crude Oil at $5.82B (4.4%) and Services & Other at $5.56B (4.2%).
Compared with fiscal 2024, Services & Other grew fastest, up 3.0% to $5.56B, while Crude Oil fell the most, down 20.3% to $5.82B. From fiscal 2022 to 2025, combined revenue from these lines fell from $177.45B to $132.70B, a compound annual decline of 9.2%. Refined Products' share of the total fell from 92.2% to 91.4%.
Refining & Marketing was Marathon Petroleum’s largest segment in fiscal 2025, bringing in $124.25B of $132.70B (94%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Refining & Marketing | $171.46B | $141.84B | $131.59B | $124.25B | |||||||||||||
| Speedway | — | — | — | — | |||||||||||||
| Midstream | $5.37B | $4.91B | $5.20B | $5.63B | |||||||||||||
| Renewable Diesel | $626.00M | $1.63B | $2.08B | $2.81B | |||||||||||||
| Pipeline Transportation | — | — | — | — | |||||||||||||
| Corporate Segment & Other Operating | — | — | — | $5.00M | |||||||||||||
| Total | $177.45B | $148.38B | $138.86B | $132.70B |
Marathon Petroleum brought in $132.70B from its four segments in fiscal 2025, the year ended December 31, 2025. Marathon Petroleum regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $138.86B. Refining & Marketing was the largest at $124.25B (93.6%), ahead of Midstream at $5.63B (4.2%) and Renewable Diesel at $2.81B (2.1%). The remaining segment, Corporate Segment & Other Operating, brought in $5.00M.
Compared with fiscal 2024, Renewable Diesel grew fastest, up 35.4% to $2.81B, while Refining & Marketing fell the most, down 5.6% to $124.25B.
Marathon Petroleum began breaking out Corporate Segment & Other Operating in fiscal 2025, when it brought in $5.00M.
Marathon Petroleum (MPC) reports its revenue by product and service and by segment. In fiscal 2025, Refined Products was its largest product and service line, bringing in $121.33B (91.4% of the total), followed by Crude Oil at $5.82B (4.4%).
Refined Products was Marathon Petroleum's largest product and service line in fiscal 2025, bringing in $121.33B, or 91.4% of the $132.70B total across its three product and service lines.
Refining & Marketing was Marathon Petroleum's largest segment in fiscal 2025, bringing in $124.25B, or 93.6% of the $132.70B total across its four segments.
Among Marathon Petroleum's product and service lines that make up at least 2% of revenue, Services & Other grew fastest in fiscal 2025, up 3.0% from $5.40B to $5.56B.
Every figure comes from Marathon Petroleum's annual financial filings, as reported. Each line keeps the name Marathon Petroleum gives it, and years follow its fiscal calendar.
Marathon Petroleum's revenue by product and service goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.