Marathon Petroleum (MPC) Q1 profit jumps, tops consensus expectations

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Go back to Marathon Petroleum (MPC) Q1 profit jumps, tops consensus expectations

Marathon Petroleum (MPC) Tops Q1 EPS by 59c

May 2, 2023 6:43 AM EDT

Marathon Petroleum (NYSE: MPC) reported Q1 EPS of $6.09, $0.59 better than the analyst estimate of $5.50. Revenue for the quarter came in at $35.07 billion versus the consensus estimate of $33.19 billion.

For earnings history and earnings-related data on Marathon Petroleum (MPC) click here.

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Yield10 Bioscience (YTEN) and Marathon Petroleum Corporation (MPC) Sign LOI for Potential Investment and Offtake Agreement for Camelina Feedstock Oil for Renewable Fuels

May 1, 2023 9:18 AM EDT

Yield10 Bioscience, Inc. (Nasdaq: YTEN) today announced that it has signed a non-binding Letter of Intent (LOI) with Marathon Petroleum Corp. (NYSE: MPC) for a potential investment and offtake agreement for low-carbon intensity Camelina feedstock oil for use in renewable fuels production. Marathon is a leading, integrated downstream energy company in the U.S.

Yield10 continues to execute on our commercialization plan to supply low-carbon intensity Camelina feedstock oil to the growing North American biofuel market through a network of supply chain alliances, said Oliver Peoples, Ph.D., President... More