07:12 AM EST, 11/05/2024 (MT Newswires) -- Marathon Petroleum ( MPC ) reported Q3 adjusted earnings Tuesday of $1.87 per diluted share, down from $8.14 a year earlier.

Analysts polled by Capital IQ expected $1.09.

Revenue for the quarter ended Sept. 30 was $35.37 billion, down from $41.58 billion a year earlier.

Analysts surveyed by Capital IQ expected $33.31 billion.

Marathon said its board approved an incremental $5 billion increase to its share buyback capacity, raising its total repurchase authorization to $8.5 billion.

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