FINDLAY, Ohio, Jan. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Eileen P. Drake and Kimberly N. Ellison-Taylor have been elected to the company's board of directors, effective March 1, 2024. Drake previously served as chief executive officer and president of Aerojet Rocketdyne Holdings, Inc., an aerospace and defense products manufacturer, from 2015 until its acquisition by L3Harris Technologies, Inc. in 2023. Ellison-Taylor is a former global leader at Oracle Corporat ...

For the quarter ended December 2023, Marathon Petroleum (MPC) reported revenue of $36.82 billion, down 8.2% over the same period last year. EPS came in at $3.98, compared to $6.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $33.73 billion, representing a surprise of +9.18%. The company delivered an EPS surprise of +68.64%, with the consensus EPS estimate being $2.36.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ --  Fourth-quarter net income attributable to MPC of $1.5 billion, or $3.84 per diluted share; adjusted net income of $1.5 billion, or $3.98 per adjusted diluted share Full-year 2023 net income attributable to MPC of $9.7 billion, or $23.63 per diluted share; adjusted net income of $9.7 billion, or $23.63 per adjusted diluted share Full-year net cash provided by operating activities of $14.1 billion, supporting the return of $12.8 billion of capital to shareholders ...

Investors are always looking for stocks that are poised to beat at earnings season and Marathon Petroleum Corporation (MPC) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Marathon Petroleum is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possib ...

FINDLAY, Ohio, Jan. 26, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 24, 2024, at 10 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of March 1, 2024, are entitled to notice of and to vote at the annual meeting. The company's proxy statement will include additional information regarding how shareholders may access and participate in the virtual annual meeting. About Marathon Petroleum Corp ...

FINDLAY, Ohio, Jan. 26, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable March 11, 2024, to shareholders of record as of the close of business Feb. 21, 2024. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations ...

Marathon Petroleum Corp.'s Quarterly Forecast  Analysts' Estimates for Q4 2023 Q3 2023 Q4 2022 Revenue $35.2B $41.6B $40.1B Diluted EPS $2.22 $8.28 $7.09 Net income $835.9M $3.2B $3.1BSource: Visible AlphaPretax profit in the company's midstream pipeline unit likely rose 9% to $1.2 billion, according to Visible Alpha. But pretax earnings in its refining and marketing division, typically accounting for the bulk of Marathon's income, are projected to drop 86% to $566 million.U.S. retail gasoline prices fell t ...

Marathon Petroleum Corporation (MPC) is set to release fourth-quarter results on Jan 30. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.36 per share on revenues of $33.7 billion.Let’s delve into the factors that might have influenced the independent oil refiner and marketer’s results in the December quarter. But it’s worth taking a look at MPC’s previous-quarter performance first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the Findlay, OH- ...

In the latest market close, Marathon Petroleum (MPC) reached $153.97, with a -0.3% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.29%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.43%.Heading into today, shares of the refiner had gained 2.37% over the past month, outpacing the Oils-Energy sector's loss of 5.56% and the S&P 500's gain of 2.08% in that time.Investors will be eagerly watching for the performance of Marathon Petroleu ...

Marathon Petroleum (MPC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Janu ...