REFILE-Marathon Petroleum profit jumps on cheaper U.S. crude oil

Tue Apr 30, 2013 8:33am EDT

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April 30 (Reuters) - Marathon Petroleum Corp on Tuesday reported a 22 percent increase in quarterly earnings, as the third largest stand-alone U.S. refining company processed higher amounts of cheaper domestic crude oil.

Marathon said its first-quarter profit was $725 million, or $2.17 per share, compared with $596 million or $1.70 per share in the same quarter a year earlier.