Market Overview

Marathon Petroleum: Q2 Earnings Insights

Share:

Shares of Marathon Petroleum (NYSE:MPC) rose 7.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 176.88% year over year to ($1.33), which beat the estimate of ($1.75).

Revenue of $15,198,000,000 declined by 54.89% year over year, which missed the estimate of $18,880,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 03, 2020

Time: 09:30 AM

ET Webcast URL: https://services.choruscall.com/links/mpc200505.html

Price Action

52-week high: $69.65

52-week low: $15.26

Price action over last quarter: Up 39.65%

Company Description

Marathon Petroleum is an independent refiner with 16 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its retail segment sells transportation fuels through 5,000 stores. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.

 

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