Marathon Petroleum: Fourth Quarter Earnings Overview

Marathon Petroleum Announces Fourth-Quarter Financial Results

Marathon Petroleum Corp., headquartered in Findlay, Ohio, reported a net profit of $1.54 billion for the fourth quarter.

The company’s earnings translated to $5.12 per share, with adjusted earnings—excluding one-time items—coming in at $4.07 per share.

These figures surpassed analysts’ expectations, as six experts surveyed by Zacks Investment Research had predicted earnings of $2.73 per share.

During the quarter, Marathon Petroleum generated $33.42 billion in revenue.

For the full year, the company achieved a total profit of $4.05 billion, or $13.22 per share, with annual revenue reaching $135.22 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.