Marathon Petroleum Earnings Beat, Revenue Misses In Q2

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Marathon Petroleum announced earnings per share of $-1.33 on revenue of $15.20B. Analysts polled by anticipated EPS of $-1.74 on revenue of $21.73B.

Marathon Petroleum shares are down 36.6% from the beginning of the year , still down 45.15% from its 52 week high of $69.65 set on October 29, 2019. They are under-performing the S&P 500 which is up 1.25% from the start of the year.

Marathon Petroleum’s report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $-0.7 on revenue of $32.61B, compared to forecasts EPS of $-0.61 on revenue of $38.16B.

Chevron had missed expectations on Friday with second quarter EPS of $-1.59 on revenue of $13.49B, compared to forecast for EPS of $-0.93 on revenue of $21.87B.

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