Marathon Petroleum Reports Third Quarter Results

Oil and Gas Investing

Reuters reported that Marathon Petroleum Corporation (NYSE:MPC) announced its third quarter net income of $1.13 billion.

Reuters reported that Marathon Petroleum Corporation (NYSE:MPC) announced its third quarter net income of $1.13 billion.

As quoted in the market news:

Earnings per diluted share increased to $3.16 from $0.77 in third quarter 2010

Refining & Marketing pre-tax segment income from operations of $1.7 billion, up from $352 million in third quarter 2010

Further strengthened financial position

25 percent increase in quarterly dividend

Detroit Heavy Oil Upgrade Project on budget and on schedule

Click here to read the full Reuters report