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Marathon Petroleum Tops Q4 Estimates
Marathon Petroleum beats Q4 profit estimates as midstream strength offsets refining weakness
By Tanay Dhumal (Reuters) -Top U.S. refiner Marathon Petroleum on Tuesday posted a 74% drop in fourth-quarter earnings but beat Wall Street estimates, as strength in its midstream segment helped offset a steep decline in refining margins.
Marathon Petroleum Tops Q4 Estimates Despite Lower Refining Margins
Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after it reported fourth-quarter results. Total revenues and other income of $33.47 billion topped the consensus of $31.12 billion.
Marathon Petroleum: Q4 EPS, Revenue Fall
Marathon Petroleum saw revenue and earnings fall year over year in Q4, leading to a significant profit decline.
16h
on MSN
Marathon Petroleum Corp. stock outperforms competitors on strong trading day
Shares of Marathon Petroleum Corp. rallied 6.74% to $156.91 Tuesday, on what proved to be an all-around great trading session ...
2d
Colombia's Ecopetrol renews joint venture with Occidental Petroleum in Permian basin
Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental ...
Marketplace
11d
How does the strategic petroleum reserve work?
Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...
news10nbc
1d
Consumer alert: Petroleum expert warns tariffs could wallop your wallet
On Monday, the Whitehouse announced its pausing tariffs on Canada for 30 days, but tariffs are not off the table. This ...
6d
Occidental Petroleum's Undervaluation Builds Up
Occidental Petroleum's fundamentals and valuation have improved, presenting a long-term buying opportunity amid oil and gas ...
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