Investing.com - Marathon Petroleum (NYSE:MPC) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Marathon Petroleum announced earnings per share of $-0.94 on revenue of $18.19B. Analysts polled by Investing.com anticipated EPS of $-1.27 on revenue of $17.28B.
Marathon Petroleum shares are up 5.05% from the beginning of the year and are trading at $43.45 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.47% from the start of the year.
Marathon Petroleum follows other major Energy sector earnings this month
Marathon Petroleum's report follows an earnings missed by Chevron on Friday, who reported EPS of $-0.01 on revenue of $25.25B, compared to forecasts EPS of $0.0918 on revenue of $25.82B.
BP ADR had missed expectations on Tuesday with fourth quarter EPS of $0.03 on revenue of $48.57B, compared to forecast for EPS of $0.0822 on revenue of $49.59B.
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