Marathon Petroleum (MPC) Tops Q1 EPS by 15c, Revenues Beat
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Marathon Petroleum Corp. Reports First-Quarter 2020 Results
May 5, 2020 6:42 AM EDTFINDLAY, Ohio, May 5, 2020 /PRNewswire/ --Â
Reported first-quarter loss of $9.2 billion, or $(14.25) per diluted share, including pre-tax non-cash charges of $12.4 billion; adjusted loss of $106 million, or $(0.16) per diluted share Cash used in operations of $768 million; cash provided by operations of $1.3 billion, excluding working capital changes Announced business response to COVID-19 environment, including $1.4 billion of capital and $950 million of expense reductions Enhanced liquidity by $3.5 billion through senior notes issuance and additional revolver