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Marathon Petroleum sees lower quarterly earnings

July 15 | Mon Jul 15, 2013 4:53pm EDT

July 15 (Reuters) - Marathon Petroleum Corp on Monday said it expects lower second-quarter earnings as the cost of some of the crude oil it processes into fuels rose.

Marathon said it expects a profit of $570 million to $600 million, or $1.75 to $1.85 per diluted share, for the second quarter of 2013, compared with earnings of $814 million, or $2.38 per diluted share, for the second quarter of 2012.

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