Marathon Petroleum Corp
MPC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$116.00 | Hlwptx | Jydvdyrg |
Marathon Petroleum Q2 Earnings Soar on Strong Performance; Increases Repurchase Amount
Marathon Petroleum ran well during the second quarter to capitalize on robust marketing conditions, increasing adjusted earnings to $5.7 billion from $437 million a year ago. Adjusted EBITDA, excluding discontinued Speedway earnings from 2021, improved to $9.1 billion from $1.9 billion a year ago.