Sponsored Links
High crude costs weigh on Marathon Petroleum's profit
Aug 1 (Reuters) - Marathon Petroleum Corp, the third-largest standalone U.S. refiner, reported a lower quarterly profit due to higher costs of the crude oil it processes.
The company, spun off from Marathon Oil Corp in 2011, said its net profit fell to $593 million, or $1.83 per share, in the second quarter from $814 million, or $2.38 per share, a year earlier.
Revenue and other income rose 27 percent to $25.70 billion.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints



Follow Reuters