Marathon Petroleum (MPC) Tops Q3 EPS by 15c, Revenues Miss
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Marathon Petroleum Corp. Reports Third-Quarter 2020 Results
November 2, 2020 6:30 AM ESTFINDLAY, Ohio, Nov. 2, 2020 /PRNewswire/ --
Reported third-quarter loss of $1.0 billion, or $(1.57) per diluted share, including net pre-tax charges of $525 million; adjusted loss of $649 million, or $(1.00) per diluted share On-track to exceed targeted reductions of $1.4 billion of capital spending and $950 million of operating expense; implemented workforce reduction plan Progressing $21 billion Speedway sale; continue to target first-quarter 2021 close Starting up Dickinson, N.D. renewable fuels facility Continuing strategic repositioning of Martinez refinery to renewable diesel facility Available liquidity exceeds $7... More