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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