Reported about 3 hours ago
Marathon Petroleum reported stronger-than-expected fourth-quarter profits, primarily due to robust performances in its midstream and renewable diesel sectors, which compensated for declining refining margins. The company's midstream segment demonstrated a profit growth to $1.71 billion, aided by recent asset acquisitions, while refining margins fell to $12.93 per barrel from $17.81 a year ago. Adjusted earnings were 77 cents per share, significantly above analyst forecasts of 2 cents.
Source: YAHOO