Marathon Petroleum profit beat fueled by refining margin boom
04/08/2026 11:47
Marathon Petroleum profit beat fueled by refining margin boom Aug 4 (Reuters) - Marathon Petroleum's MPC.N quarterly profit beat Wall Street's estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war on Iran pushed refining margins to multi-year highs.
The top U.S. refiner posted adjusted profit of $17.73 per share for the three months ended June 30, versus average analysts' estimate of $13.73 per share, according to data compiled by LSEG.
(Reporting by Arunima Kumar in Bengaluru; Editing by Sahal Muhammed)