Marathon Petroleum profit beat fueled by refining margin boom
MPC•Quarterly profit beat on stronger refining margins
Marathon Petroleum's MPC.N quarterly profit beat Wall Street's estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war on Iran pushed refining margins to multi-year highs.
The top U.S. refiner posted adjusted profit of $17.73 per share for the three months ended June 30, versus the average analysts' estimate of $13.73 per share, according to data compiled by LSEG.
