FX.co ★ Marathon Petroleum Corporation Q4 Profit Decreases, but beats estimates

Marathon Petroleum Corporation (MPC) has recently reported its fourth-quarter earnings. Although they have shown a decrease from the previous year, they managed to exceed stock market estimates. The company's earnings reached $1.45 billion, or $3.84 per share, in comparison to last year's fourth quarter, which amounted to $3.32 billion or $7.09 per share.

When items were excluded, the company reported an adjusted earning of $1.51 billion or $3.98 per share for this period. On average, analysts predicted the company to gain $2.21 per share, as per data compiled by Thomson Reuters. It is important to note that these estimates typically exclude special items.

Unfortunately, the company experienced an 8.2% fall in revenue for this quarter to $36.82 billion, compared to $40.09 billion in the last year.

Having a look at the earnings of Marathon Petroleum Corporation according to Generally Accepted Accounting Principles (GAAP), we find that:

- Earnings (Q4): $1.45 billion compared to $3.32 billion last year.

- Earnings per share (Q4): $3.84 against the $7.09 of last year.

- Analyst Estimates were at $2.21.

- Revenue (Q4): $36.82 billion compared to last year's $40.09 billion.