Marathon Petroleum Corp. exceeded analysts' earnings expectations for the fourth quarter of 2024, despite facing declining refining margins. The company's midstream and renewable diesel divisions contributed significantly to the positive results.
Despite declining refining margins, Marathon Petroleum Corp.
on Tuesday reported higher-than-expected earnings for the fourth quarter of 2024, driven by stronger performance in the midstream and renewable diesel divisions. Marathon Petroleum booked an adjusted net income of $249 million, or $0.77 per diluted share, for the fourth quarter of 2024. This is significantly lower compared to the adjusted net income of $1.5 billion, or $3.98 per share, for the fourth quarter of 2023. However, the Q4 2024 earnings of $0.
REFINING EARNINGS ENERGY MARGINS RENEWABLE DIESEL
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