Marathon Petroleum Earnings, Revenue Beat in Q1
2022.05.03 15:41
Marathon Petroleum Earnings, Revenue Beat in Q1
Investing.com – Marathon Petroleum (NYSE:MPC) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Marathon Petroleum announced earnings per share of $1.49 on revenue of $38.38B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $31.47B.
Marathon Petroleum shares are up 39.27% from the beginning of the year, still down 4.34% from its 52 week high of $93.16 set on April 21. They are outperforming the S&P 500 which is down 12.82% from the start of the year.
Marathon Petroleum shares gained 0.88% in pre-market trade following the report.
Marathon Petroleum follows other major Energy sector earnings this month
Marathon Petroleum’s report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $2.07 on revenue of $90.5B, compared to forecasts EPS of $2.23 on revenue of $82.84B.
Chevron had missed expectations on Friday with first quarter EPS of $3.36 on revenue of $54.37B, compared to forecast for EPS of $3.4 on revenue of $51.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
