FINDLAY, Ohio (AP) — FINDLAY, Ohio (AP) — Marathon Petroleum Corp. (MPC) on Tuesday reported fourth-quarter net income of $1.54 billion.
On a per-share basis, the Findlay, Ohio-based company said it had net income of $5.12. Earnings, adjusted for non-recurring gains, were $4.07 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.73 per share.
The refiner posted revenue of $33.42 billion in the period.
For the year, the company reported profit of $4.05 billion, or $13.22 per share. Revenue was reported as $135.22 billion.
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