financetom
Business
financetom
/
Business
/
Marathon Petroleum posts lower Q1 profit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Marathon Petroleum posts lower Q1 profit
Apr 30, 2024 3:48 AM

April 30 (Reuters) - Top U.S. refiner Marathon Petroleum ( MPC )

posted lower first-quarter profit on Tuesday, as

refining margins eased from elevated levels seen early last year

following Russia's invasion of Ukraine in 2022.

The Findlay, Ohio-based refiner posted net income

attributable to the company of $937 million, or $2.58 per share,

for the three months ended March 31, lower than the $2.7

billion, or $ 6.09 per share, it reported a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales
Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales
Sep 13, 2024
(Reuters) - Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. Businesses are heavily reliant on cloud services provided by companies such as Oracle, Microsoft ( MSFT ) and Amazon ( AMZN...
Scotiabank Comments on Russia's Central Bank Surprise
Scotiabank Comments on Russia's Central Bank Surprise "Mega-Hike"
Sep 13, 2024
09:12 AM EDT, 09/13/2024 (MT Newswires) -- Russia's central bank (CBR) hiked by 100bps on Friday, taking the policy rate up to 19% that only three out of 13 within consensus had anticipated versus holds for the others, noted Scotiabank. The key rate has risen by 950bps since just before Russian President Vladimir Putin invaded Ukraine in February 2022 and...
Update: Market Chatter: DigitalBridge Eyes Sale of EdgePoint Infrastructure
Update: Market Chatter: DigitalBridge Eyes Sale of EdgePoint Infrastructure
Sep 13, 2024
09:13 AM EDT, 09/13/2024 (MT Newswires) -- (Updates with DigitalBridge ( DBRG/PJ ) declining to comment in the fourth paragraph.) DigitalBridge ( DBRG/PJ ) is mulling a sale of EdgePoint Infrastructure, Bloomberg reported Friday, citing people with knowledge of the matter. DigitalBridge ( DBRG/PJ ) is consulting with financial advisers and may expect a valuation of as much as $4...
Sector Update: Consumer Stocks Steady Premarket Friday
Sector Update: Consumer Stocks Steady Premarket Friday
Sep 13, 2024
09:10 AM EDT, 09/13/2024 (MT Newswires) -- Consumer stocks were steady premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) advanced by a slight 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently inactive. RH (RH) shares rose past 20% after the company reported a fiscal Q2 revenue of $829.7 million...
Copyright 2023-2026 - www.financetom.com All Rights Reserved