Investing.com - Marathon Petroleum (NYSE:MPC) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.73 on revenue of $33.69B. Analysts polled by Investing.com expected EPS of $1.33 on revenue of $33.34B. That compared to EPS of $2.27 on revenue of $22.45B in the same period a year earlier. The company had reported EPS of $-0.09 on revenue of $28.62B in the previous quarter.
For the year, Marathon Petroleum shares are down 4.44%, under-performing the S&P 500 which is up 20.32% year to date.
Marathon Petroleum follows other major Energy sector earnings this month
On Thursday, Royal Dutch Shell ADR reported second quarter EPS of $0.43 on revenue of $90.54B, compared to forecasts of EPS of $1.21 on revenue of $86.7B.
Total ADR earnings missed analyst's expectations on Thursday, July 25, 2019, with second quarter EPS of $1.05 on revenue of $45.2B. Investing.com analysts expected EPS of $1.12 on revenue of $46.95B
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