Marathon (MPC) Q4 Earnings Top Despite a Decline in Margins
Marathon(MPC) Zacks Investment Research·2024-02-01 08:36
Independent oil refiner and marketer Marathon Petroleum Corp. (MPC) reported fourth-quarter adjusted earnings per share of 2.36. The outperformance primarily reflects the stronger-than-expected performance of its key Refining & Marketing segment. Operating income of the segment totaled 812 million. However, the company’s bottom line fell from the year-ago adjusted profit of $6.65 due to a higher unit op ...