Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate ...Middle East

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Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate
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Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings, on the back of increased refining margins which helped it reverse a first-quarter loss.   Marathon Petroleum on Tuesday reported second-quarter net income of $1.2 billion, or $3.96 per diluted share. That’s lower than the $1.5 billion net income, or $4.33 per share, for the second quarter of 2024, but higher than the analyst consensus of $3.22 EPS compiled by the Wall Street Journal.  The second-quarter…

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