News Formal

Marathon Petroleum Q2 Earnings Top Estimates

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 21 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 68%

Marathon Petroleum Berita

Earnings,Refining,Oil

Marathon Petroleum reported higher-than-expected earnings for the second quarter, driven by strong refining volumes and midstream performance, despite weaker refining margins.

Marathon Petroleum NYSE MPC booked higher-than-expected earnings for the second quarter amid higher processing volumes that partly offset weak refining margins. The U.S. refining giant reported on Tuesday an adjusted net income of $1.4 billion, or $4.12 per diluted share, for the second quarter. This beat by a wide margin the $3.09 EPS consensus analyst estimate compiled by The Wall Street Journal. Marathon Petroleum’s net income slumped to $1.5 billion for the second quarter, down from $2.

Crude capacity utilization was approximately 97%, resulting in total throughput of 3.1 million barrels per day bpd for the second quarter of 2024, the refiner said. “Overall, the business generated $3.2 billion of net cash provided by operating activities and we returned $3.2 billion through share repurchases and dividends during the quarter,” president and CEO Maryann Mannen said. The other U.S.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 34. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

BP Boosts Dividend as Q2 Earnings Top EstimatesBP reported better-than-expected second-quarter earnings, leading the company to increase its dividend by 10% and extend its share buyback program.
Sumber: OilandEnergy - 🏆 34. / 68 Baca lebih lajut »

Stephen Nolan in top five highest paid BBC presenters as earnings publishedThe list is ranked by salary band, starting with the highest
Sumber: BelfastLive - 🏆 16. / 77 Baca lebih lajut »

Shropshire business hits the bullseye at darts marathon for Severn HospiceCEL Group’s charity fundraiser has hit the bullseye raising over £1,400 for Severn Hospice from its 7am-to-7pm darts challenge and charity auction on Friday 2 August.
Sumber: ShropshireStar - 🏆 98. / 51 Baca lebih lajut »

Chevron Misses Q2 Earnings EstimatesChevron reported lower-than-expected second-quarter earnings due to weak refining margins, despite record oil and gas production, and announced the company's headquarters relocation to Houston.
Sumber: OilandEnergy - 🏆 34. / 68 Baca lebih lajut »