Marathon Petroleum (MPC) Tops Q3 EPS by 15c

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Go back to Marathon Petroleum (MPC) Tops Q3 EPS by 15c

Marathon Petroleum Corp. Reports Third-Quarter 2021 Results

November 2, 2021 6:05 AM EDT

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ --

Reported third-quarter net income of $694 million, or $1.09 per diluted share; reported adjusted net income of $464 million, or $0.73 per diluted share Progressing portfolio optimization by pursuing strategic alternatives for the Kenai refinery and related operations, which could include a sale; and continuing focus on lowering the cost structure Completed ~25% of $10 billion capital return program through Oct 31; committed to complete remaining $7.5 billion by year-end 2022 Exceptionally strong year-to-date cash flow at MPLX supports a third quarter distribution consisting of a 2.5%... More