Despite declining refining margins, Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported higher-than-expected earnings for the fourth quarter of 2024, driven by stronger performance in the midstream and renewable diesel divisions. Marathon Petroleum booked an adjusted net income of $249 million, or $0.
77 per diluted share, for the fourth quarter of 2024. This is significantly lower compared to the adjusted net income of $1.5 billion, or $3.98 per share, for the fourth quarter of 2023. However, the Q4 2024 earnings of $0.77 per share beat by…Marathon Petroleum Tops Q4 Earnings Estimates Despite Falling Refining Margins
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