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Marathon Petroleum beats fourth quarter profit estimates on midstream strength

Summary by WTVB
(Reuters) -Top U.S. refiner Marathon Petroleum beat fourth-quarter profit estimates on Tuesday, as strength in its midstream and renewable diesel segment helped offset a slump in refining margins. The refiner’s midstream segment reported an adjusted core profit of $1.71 billion in the quarter, compared with $1.57 billion a year earlier, benefiting from accretive contributions of its recently acquired Utica and Permian basins assets. The company’…

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com-unik.info broke the news in on Tuesday, February 4, 2025.
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