Marathon Petroleum announced earnings per share of $10.61 on revenue of $54.24B. Analysts polled by Investing.com anticipated EPS of $8.71 on revenue of $40.34B.
Marathon Petroleum shares are up 41.15% from the beginning of the year, still down 21.01% from its 52 week high of $114.35 set on June 8. They are outperforming the S&P 500 which is down 13.59% from the start of the year.
Marathon Petroleum’s report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.14 on revenue of $115.68B, compared to forecasts EPS of $3.84 on revenue of $111.3B.
Chevron had beat expectations on Friday with second quarter EPS of $5.82 on revenue of $68.76B, compared to forecast for EPS of $5.08 on revenue of $58.66B.
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