Marathon Petroleum's quarterly profit drops on weak refining margins-February 2024-www.financetom.com

Marathon Petroleum's quarterly profit drops on weak refining margins

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Marathon Petroleum's quarterly profit drops on weak refining margins

Nov 5, 2024 5:21 AM

Nov 5 (Reuters) - Marathon Petroleum ( MPC ) reported a

lower third-quarter profit on Tuesday as the top U.S. refiner

took a hit from weak fuel demand which shrunk refining margins.

Net income attributable to the company was $622 million, or

$1.87 per share, in the quarter, compared with $3.28 billion, or

$8.28 per share, a year earlier.

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