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Marathon Petroleum posts profit on fuel demand recovery

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February 2, 2022
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Marathon Petroleum posts profit on fuel demand recovery
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Feb 2 (Reuters) – Marathon Petroleum Corp (MPC.N) reported an adjusted profit on Wednesday compared to a loss a year earlier, following a recovery in demand for fuel and refined products.

The largest U.S. oil refiner posted an adjusted net income of $794 million, or $1.30 per share, in the fourth quarter, compared to a loss $608 million, or 94 cents per share, a year earlier.

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Reporting by Arunima Kumar in Bengaluru; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.



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