Investing.com - Marathon Petroleum (NYSE:MPC) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.41 on revenue of $32.5B. Analysts polled by Investing.com anticipated EPS of $1.84 on revenue of $33.68B. That compared to EPS of $1.03 on revenue of $21.24B in the same period a year earlier. The company had reported EPS of $1.62 on revenue of $23.13B in the previous quarter.
For the year, Marathon Petroleum shares are up 13.32%, outperforming the S&P 500 which is up 10.28% year to date.
Marathon Petroleum follows other major Energy sector earnings this month
On Thursday, January 31, 2019, Royal Dutch Shell B ADR reported fourth quarter EPS of $1.38 on revenue of $102.23B, compared to forecasts of EPS of $1.27 on revenue of $92.55B.
Chevron earnings beat analyst's expectations on Friday, February 1, 2019, with fourth quarter EPS of $1.95 on revenue of $42.35B. Investing.com analysts expected EPS of $1.87 on revenue of $42.48B
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