Marathon Petroleum Posts Impressive Jump In Profit ...Middle East

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Marathon Petroleum Posts Impressive Jump In Profit
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U.S. refiner Marathon Petroleum Corp (NYSE:MPC) was trading up over 4.3% close to close Tuesday after posting Q1 earnings showing an impressive jump in profit on the back of soaring oil prices and post-pandemic economic recovery.  Marathon reported net profit of $845 million ($1.49 per share) for Q1, up from a loss of $242 million for the same quarter a year ago. The refiner also reported revenue gaining 68% on the quarter for #38.8 billion, up from $22.88 billion a year ago.  High margins have been launching U.S. refiners into a “golden…

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