Marathon Petroleum reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.63 on revenue of $31.20B. Analysts polled by expected EPS of $1.34 on revenue of $32.98B. That compared to EPS of $1.62 on revenue of $23.13B in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $33.69B in the previous quarter.
Marathon Petroleum follows other major Energy sector earnings this month
On Thursday, Royal Dutch Shell ADR reported third quarter EPS of $0.59 on revenue of $86.59B, compared to forecasts of EPS of $0.99 on revenue of $78.16B.
Total ADR earnings beat analysts' expectations on Wednesday, with third quarter EPS of $1.13 on revenue of $42.54B. analysts expected EPS of $1.04 on revenue of $45.27B
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