Marathon Petroleum announced earnings per share of $1.3 on revenue of $35.61B. Analysts polled by Investing.com anticipated EPS of $0.5622 on revenue of $21.91B.
Marathon Petroleum shares are up 15.67% from the beginning of the year, still down 2.45% from its 52 week high of $75.88 set on January 18. They are outperforming the S&P 500 which is down 4.61% from the start of the year.
Marathon Petroleum follows other major Energy sector earnings this month
Marathon Petroleum’s report follows an earnings beat by Exxon Mobil on Tuesday, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.93 on revenue of $85.01B.
Chevron had missed expectations on Friday with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Source : Investing.com