Marathon Petroleum: Q4 Earnings Snapshot

FINDLAY, Ohio (AP) _ Marathon Petroleum Corp. (MPC) on Tuesday reported fourth-quarter earnings of $3.32 billion. On a per-share basis, the Findlay...

January 31, 2023
2:32 PM

FINDLAY, Ohio (AP) _ Marathon Petroleum Corp. (MPC) on Tuesday reported fourth-quarter earnings of $3.32 billion. On a per-share basis, the Findlay, Ohio-based company said it had net income of $7.09. Earnings, adjusted for one-time gains and costs, were $6.65 per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.54 per share. The refiner posted revenue of $40.09 billion in the period, which also topped Street forecasts.