Marathon Petroleum (MPC) Misses Q3 EPS Views; Announces Strategic Plans to Unlock Shareholder Value
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Marathon Petroleum Corporation Reports Third-Quarter 2016 Results
October 27, 2016 6:33 AM EDTReported third-quarter earnings of $145 million, or $0.27 per diluted share Results include a $267 million impairment charge (or $0.31 per diluted share) related to the Sandpiper Pipeline project Announced strategic initiatives to enhance shareholder value
FINDLAY, Ohio, Oct. 27, 2016 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2016 third-quarter earnings of $145 million, or $0.27 per diluted share, compared with $948 million, or $1.76 per diluted... More
Marathon Petroleum Corporation Announces Strategic Actions to Enhance Shareholder Value
October 27, 2016 6:31 AM EDTFINDLAY, Ohio, Oct. 27, 2016 - Marathon Petroleum Corp. (NYSE: MPC) today announced several initiatives to enhance shareholder value, primarily focused on unlocking value from its portfolio of high-quality midstream assets.
"Driving long-term value for our shareholders is a top priority. Since 2011, we have established a track record of taking sound, aggressive actions to create value. Our actions have enabled MPC to deliver a total shareholder return of approximately 140 percent, compared to S&P 500 returns of 82 percent. We have returned over $10 billion of capital to shareholders, including $7.4 billion... More
