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Marathon Petroleum Corporation (MPC)
After hours:
- Zacks
Marathon Petroleum (MPC) Q1 Earnings and Revenues Beat Estimates
Marathon Petroleum (MPC) delivered earnings and revenue surprises of 9.88% and 6.24%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
- GuruFocus.com
Marathon Petroleum Corp Reports Decline in Q1 2024 Earnings Amid Major Refinery Maintenance
Despite a Dip in Profits, Marathon Continues Aggressive Capital Return Strategy
- Reuters
Marathon Petroleum beats Q1 profit estimates on elevated fuel demand, tight supplies
(Reuters) -Top U.S. refiner Marathon Petroleum beat first-quarter profit estimates on Tuesday, as demand for refined products remained at high levels and global fuel supplies tightened due to refinery maintenance activities and disruptions in Russia. The refiner also announced a $5 billion increase to its share repurchase authorization. Heavy refinery maintenance work during the quarter and outages at Russian refineries following Ukrainian drone attacks reduced fuel supplies to global markets.
