Marathon Petroleum Revenues by Product Line

Revenues of Marathon Petroleum by Product Line 2012-2021

Amounts are in $millions.

The following table shows the net sales of Marathon Petroleum from each major product line. The company has divided its business operations into two leading reportable segments including Refining & Marketing and Midstream. Amounts are in millions of US dollars.

Product Line202120202019
Refining and marketing -   
Refined products$107,345$61,468$102,316
Crude oil $7,132$4,023$4,402
services and others$873$509$587
Total revenue from refining and marketing$115,350$66,180$107,305
Midstream   
Refined products$1,590$641$818
Services & other$3,043$2,958$3,025
Total midstream revenue$4,633$3,599$3,843
Total sales and other operating revenues$119,983$69,779$111,148

Marathon Petroleum has dfivided its business operations into two main segments including 1. refining and marketing 2. Midstream.

The refining and marketing segment is further divided into segments including refined products and crude oil. The refining and marketing segment generated $115,350 million in net sales in 2021 compared to $66,180 million in 2020. In 2021, the sales of refined products in this segment accounted for $107,345 million compared to $61,468 million in 2020. 

The Midstream segment, which is the smaller reportable segment based on net revenues generated $4,633 million in 2021 compared to $3,599 million in 2020.

Year Refined products Merchandise  Crude oil and refinery feedstocks Midstream services, transportation and other   Sales and other operating revenues
2018$83,888$5,332$4,143 $2,387 $95,750
2017$63,846 $5,174$3,403$1,681  $74,104
2016$54,450$5,297$2,038 $1,492 $63,277
2015$ 63,738 5,188  2,718401  $ 72,045
2014 $ 90,702 3,817 2,917 381 $ 97,817
2013 $93,520 $3,308$2,988$344$100,160
2012 $76,234$3,229$2,514 $266$82,243