The financials
Marathon Petroleum by the numbers
Marathon Petroleum (MPC) reported revenue of $52.0B in Q2 2026 (quarter ended June 30, 2026), up 54% from the same quarter a year earlier. That came with a gross margin of 17% and net income of $5.14B (9.9% of revenue). For the full year FY2025, revenue was $132.7B (−4.4% year on year) and net income $4.05B. Its largest product in 2026-Q1 was Refined Products at $30.2B, 93% of the disclosed total, just ahead of Crude Oil at 5.1%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $52.0B | $33.8B | +54% |
| Gross profit | $8.93B | $3.77B | +137% |
| Operating income | $7.32B | $2.20B | +233% |
| Net income | $5.14B | $1.22B | +323% |
| Diluted EPS | $17.73 | $3.96 | +348% |
| Product | Revenue | Share |
|---|---|---|
| Refined Products | $30.2B | 93% |
| Crude Oil | $1.65B | 5.1% |
| Services And Other | $456M | 1.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $32.33B (-0.98%)
Refined Products grew +10% year on yearServices And Other -1.9% year on year
Segment Latestquarter on quarteryear on year
- Refined Products$30.22B$30.22BQoQ -1.00%year on year +10%-1.00%+10%
- Crude Oil$1.65B$1.65BQoQ +4.0%year on year +5.4%+4.0%+5.4%
- Services And Other$456.0M$456.0MQoQ -15%year on year -1.9%-15%-1.9%
Oil & Gas Refining & Marketing
Ranks #6 of 11 by Smart Score