Oil and Gas

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

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