Marathon Petroleum: 2Q Earnings Snapshot
FINDLAY, Ohio (AP) _ Marathon Petroleum Corp. (MPC) on Thursday reported second-quarter profit of $1.06 billion.
On a per-share basis, the Findlay, Ohio-based company said it had net income of $2.27.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The refiner posted revenue of $22.45 billion in the period.
Marathon Petroleum shares have risen 13 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6.5 percent. The stock has climbed 33 percent in the last 12 months.