Marathon Petroleum Corp

MPC: XNYS (USA)
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Marathon Petroleum Earnings: Weaker-Than-Expected Earnings Spark Selloff, Long-Term Outlook Intact

Marathon Petroleum's third-quarter earnings fell short of expectations, sending shares lower. Refining results were hindered by weaker capture rates, despite costs, throughput, and utilization meeting guidance. The company repurchased $650 million in stock and increased its dividend by 10%.

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