Finance

Marathon Petroleum Earnings, Income Beat in This autumn

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© Reuters. Marathon Petroleum Earnings, Revenue Beat in Q4

Investing.com – Marathon Petroleum (NYSE:) reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Marathon Petroleum announced earnings per share of $-0.94 on revenue of $18.19B. Analysts polled by Investing.com anticipated EPS of $-1.27 on revenue of $17.28B.

Marathon Petroleum shares are up 5.05% from the beginning of the year, still down 28.00% from its 52 week high of $60.35 set on February 20, 2020. They are outperforming the S&P 500 which is up 0.47% from the start of the year.

Marathon Petroleum follows other major Energy sector earnings this month

Marathon Petroleum’s report follows an earnings missed by Chevron on Friday, who reported EPS of $-0.01 on revenue of $25.25B, compared to forecasts EPS of $0.0918 on revenue of $25.82B.

BP ADR had missed expectations on Tuesday with fourth quarter EPS of $0.03 on revenue of $48.57B, compared to forecast for EPS of $0.0822 on revenue of $49.59B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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Steven Gregory