The Conversation (0)
Marathon Petroleum: 2012 Q1 Net Income of $596 Million
May. 01, 2012 05:52PM PST
Oil and Gas InvestingMarathon Petroleum Corporation (NYSE:MPC) announced its 2012 first quarter 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.Â