Marathon petroleum Segment Revenues

Segment Revenues of Marathon Petroleum 2016-2021

Amounts are in $millions.

Year/segment202120202019
Refining and marketing$115,350$66,180$107,305
Midstream$4,633$3,599$3,843
Total sales and other operating revenues$119,983$69,779$111,148

Marathon Petroleum has divided its business operations into two leading segments that include refining and marketing and Midstream. Refining and marketing is the largest business segment based on net sales. 

In 2021, the refining and marketing segment generated $115,350 million in net sales compared to $66,180 million in 2020. The total net sales and other operating income of the company from this segment amounted to $115,350 million in 2021 compared to $66,180 million in 2020.

The midstream segment generated $4,633 million in net sales in 2021 compared to $3,599 million in 2020. The total net sales and other operatign revenues of the company remained $119,983 million in 2021. However, its total revenues and other income amounted to $120,930 million in 2020.

YearRefining & Marketing  Retail  Midstream  Total Segment Revenues
2018 $82,599$23,552  $ 6,660 $112,811
2017 $64,691 $19,033   $3,765 $87,489
2016 $53,817 $18,286  $3,090  $75,193

The largest segment of Marathon Petroleum is the Refining and Marketing Segment which generated  $82.6 Billion in 2018 compared to $64.7 billion in 2017.