Marathon Petroleum: 2012 Q1 Net Income of $596 Million

Marathon Petroleum Corporation (NYSE:MPC) announced its 2012 first quarter net income of $596 million.

As quoted in the press release:

• Strong quarterly performance driven by wider crack spreads and crude oil differentials

• Merchandise margins grow period-over-period in Speedway retail segment

• $850 million accelerated share repurchase program being executed as part of $2 billion authorization

Click here to read the Marathon Petroleum Corporation (NYSE:MPC) press release.