Marathon Petroleum Exceeds Q2 Estimates
Portfolio Pulse from Lekha Gupta
Marathon Petroleum Corp (MPC) reported a Q2 FY23 revenue of $36.8 billion, beating the consensus of $31.02 billion. EPS for the quarter was $5.32, above the consensus of $4.55. The company returned $3.4 billion of capital through share repurchases and dividends. MPC shares are trading higher by 1.2% at $134.63.
August 04, 2023 | 9:08 am
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Marathon Petroleum's Q2 revenue and EPS exceeded estimates, which may have contributed to the 1.2% increase in its stock price.
Marathon Petroleum's better-than-expected Q2 results likely boosted investor confidence, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100