Marathon Petroleum Corp. Reports Q2 2024 Earnings: What You Need to Know
Marathon Petroleum's Financial Performance
On Tuesday, Marathon Petroleum Corp. (NYSE: MPC) released its earnings results for the second quarter of 2024. Here are the main points:
Earnings Overview
- Net Income: $1.5 billion or $4.33 per share
- Last Year: $2.23 billion or $5.32 per share
- Adjusted Earnings: Decreased to $4.12 per share
Revenue Insights
Despite the drop in earnings per share, Marathon Petroleum saw an increase in revenues and other income. This trend indicates resilience in its operational performance.
Conclusion
Overall, the results from Marathon Petroleum reflect significant shifts in the company’s earning dynamics amidst changes in the energy market. Investors will need to keep these factors in mind as they assess future opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.