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

Marathon Petroleum's quarterly profit drops on weak refining margins

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

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.

Previous page： Medpace Holdings Insider Sold Shares Worth $1,608,764, According to a Recent SEC Filing Next page： BRIEF-NANO Nuclear Energy Announces Closing Of Full Over-Allotment Option From IPO

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.

Show More Comments

Related Articles >

Medpace Holdings Insider Sold Shares Worth $1,608,764, According to a Recent SEC Filing

May 22, 2024

04:29 PM EDT, 05/22/2024 (MT Newswires) -- August J. Troendle, 10% Owner, Director, CEO, on May 20, 2024, sold 4,020 shares in Medpace Holdings ( MEDP ) for $1,608,764. Following the Form 4 filing with the SEC, Troendle has control over a total of 5,397,412 shares of the company, with 664,393 shares held directly and 4,733,019 controlled indirectly. SEC Filing:...

BRIEF-NANO Nuclear Energy Announces Closing Of Full Over-Allotment Option From IPO

May 22, 2024

May 22 (Reuters) - Nano Nuclear Energy Inc ( NNE ): * NANO NUCLEAR ENERGY ANNOUNCES CLOSING OF FULL OVER-ALLOTMENT OPTION FROM INITIAL PUBLIC OFFERING Source text for Eikon: Further company coverage: ...

E.l.f Beauty Shares Drop After Q4 Results, Weak Forward Guidance: The Details

May 22, 2024

e.l.f. Beauty, Inc. reported its fourth-quarter financial results after the bell Wednesday. Here's a look at the details. The Details: e.l.f. Beauty reported adjusted earnings of 53 cents per share, beating the 32-cent estimate. Quarterly sales clocked in at $321.14 million, beating the $292.17 million analyst consensus estimate, primarily driven by strength across retailer and e-commerce channels. Gross margin increased...

Why FREYR Battery Shares Jumped 26% Wednesday

May 22, 2024

FREYR Battery, Inc. ( FREY ) shares traded higher Wednesday after the company successfully completed its first production trial of unit cells utilizing the full capabilities of the Casting and Unit Cell Assembly machine, marking a monumental technical achievement. What To Know: This milestone positions Freyr as a trailblazer in giga-scale battery production, becoming the first company globally to demonstrate...