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Marathon Petroleum Tops Q4 Estimates

Hosted on MSN · 1d

Marathon Petroleum beats Q4 profit estimates as midstream strength offsets refining weakness

By Tanay Dhumal (Reuters) -Top U.S. refiner Marathon Petroleum on Tuesday posted a 74% drop in fourth-quarter earnings but beat Wall Street estimates, as strength in its midstream segment helped offset a steep decline in refining margins.

Marathon Petroleum Tops Q4 Estimates Despite Lower Refining Margins

Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after it reported fourth-quarter results. Total revenues and other income of $33.47 billion topped the consensus of $31.12 billion.

The Motley Fool · 1d

Marathon Petroleum: Q4 EPS, Revenue Fall

Marathon Petroleum saw revenue and earnings fall year over year in Q4, leading to a significant profit decline.

2d

Colombia's Ecopetrol renews joint venture with Occidental Petroleum in Permian basin

Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental ...

1d

We Like Occidental Petroleum - Goldman Is Just Impatient

Occidental Petroleum Corporation's share price underperformed due to Goldman Sachs' downgrade. Click here to read why I rate ...

Consumer alert: Petroleum expert warns tariffs could wallop your wallet

On Monday, the Whitehouse announced its pausing tariffs on Canada for 30 days, but tariffs are not off the table. This ...

How does the strategic petroleum reserve work?

Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...

6d

Occidental Petroleum's Undervaluation Builds Up

Occidental Petroleum's fundamentals and valuation have improved, presenting a long-term buying opportunity amid oil and gas ...

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