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Author	Topic: Marathon Petroleum announces $3.4B profit for 2012	Post a Reply Back to Topics

85XJ Champion Author Toledo Posts:5,739 Points:1,305,745 Joined:Mar 2005	Message Posted: Jan 30, 2013 10:27:44 AM Ignore 85XJ Report Abuse FINDLAY -- Marathon Petroleum Corp., a Findlay refinery and gasoline service station company, today announced it had a $3.39 billion profit last year, up from $2.39 billion the year before. The company said its per share profit was $9.89 in 2012, up from $6.67. Its revenue was $82.5 billion last year and $78.8 billion the year before. For the fourth quarter, its profit was $755 million, or $2.24 per share, compared to a loss of $75 million, or 21 cents a share, for the same period a year earlier. Its quarterly revenue was $20.7 billion, up from $19.4 billion a year earlier. Marathon Petroleum also announced a $2 billion share repurchase program and declared a quarterly dividend of 35 cents. Visit The (Toledo) Blade for full article

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FINDLAY -- Marathon Petroleum Corp., a Findlay refinery and gasoline service station company, today announced it had a $3.39 billion profit last year, up from $2.39 billion the year before.

The company said its per share profit was $9.89 in 2012, up from $6.67. Its revenue was $82.5 billion last year and $78.8 billion the year before.

For the fourth quarter, its profit was $755 million, or $2.24 per share, compared to a loss of $75 million, or 21 cents a share, for the same period a year earlier. Its quarterly revenue was $20.7 billion, up from $19.4 billion a year earlier.

Marathon Petroleum also announced a $2 billion share repurchase program and declared a quarterly dividend of 35 cents.
Visit The (Toledo) Blade for full article

REPLIES (newest first)Ignore Short Messages

teafortwo Champion Author Washington Posts:22,377 Points:1,412,040 Joined:Feb 2009	Message Posted: Feb 1, 2013 12:10:28 AM Ignore teafortwo Report Abuse Greed abounds .......
teenitup Champion Author Houston Posts:1,847 Points:276,885 Joined:Sep 2012	Message Posted: Jan 31, 2013 9:43:40 AM Ignore teenitup Report Abuse YumaFellow <<"This just illustrates my point, made in other articles, that oil company profits are the driving force--not reinvestment in equipment and certainly not lowering the price to consumers.>>" Tekkersmom57 <<"Are you kidding me.......1 BILLION more in profits!!! At whose expense.....ours, the average consumer!!!">> Where's the outrage over Ford earning $5.7 billion in 2012?
jrs4125 Champion Author Indiana Posts:2,898 Points:619,445 Joined:Sep 2011	Message Posted: Jan 31, 2013 7:42:07 AM Ignore jrs4125 Report Abuse They need the money to spend in the beltway.
DoctorV Champion Author Detroit Posts:1,133 Points:227,045 Joined:Aug 2008	Message Posted: Jan 31, 2013 12:01:56 AM Ignore DoctorV Report Abuse Great news!
doeslayersr Champion Author Illinois Posts:9,303 Points:899,705 Joined:Dec 2010	Message Posted: Jan 30, 2013 10:35:10 PM Ignore doeslayersr Report Abuse Good for Marathon. An American company... employing Americans....
Tekkersmom57 Champion Author Syracuse Posts:2,019 Points:728,890 Joined:May 2010	Message Posted: Jan 30, 2013 2:17:46 PM Ignore Tekkersmom57 Report Abuse Are you kidding me.......1 BILLION more in profits!!! At whose expense.....ours, the average consumer!!!
bar1035 Champion Author Charlotte Posts:9,343 Points:1,325,920 Joined:Aug 2006	Message Posted: Jan 30, 2013 1:18:33 PM Ignore bar1035 Report Abuse Those dirty bas... wait is this an oil company or a car company?
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Jan 30, 2013 1:11:16 PM Ignore JCI46009IN Report Abuse Marathon and its red neck cousin Speedway are always the first to jack prices and then the rest of big oil follows suit
YumaFellow Champion Author Arizona Posts:1,431 Points:650,295 Joined:Jan 2011	Message Posted: Jan 30, 2013 12:52:34 PM Ignore YumaFellow Report Abuse This just illustrates my point, made in other articles, that oil company profits are the driving force--not reinvestment in equipment and certainly not lowering the price to consumers.
qwerty17 Champion Author New Jersey Posts:3,760 Points:1,144,050 Joined:Oct 2009	Message Posted: Jan 30, 2013 12:38:05 PM Ignore qwerty17 Report Abuse ...on the backs of the little guy, the consumer.
OTISFL Champion Author Pensacola Posts:4,745 Points:892,540 Joined:Apr 2009	Message Posted: Jan 30, 2013 12:35:22 PM Ignore OTISFL Report Abuse Pass it to those of us who are consuers,.
teenitup Champion Author Houston Posts:1,847 Points:276,885 Joined:Sep 2012	Message Posted: Jan 30, 2013 12:23:49 PM Ignore teenitup Report Abuse Good news, it's good to see some profit in this economy. More jobs, more taxes paid all helps the little guys like us.
fora_7 All-Star Author Montreal Posts:995 Points:233,825 Joined:Sep 2012	Message Posted: Jan 30, 2013 11:53:01 AM Ignore fora_7 Report Abuse no wonder, with the price we are paying. Obviously, some along the chain must make profits
PathfinderSC Champion Author South Carolina Posts:9,662 Points:1,858,565 Joined:Mar 2008	Message Posted: Jan 30, 2013 11:42:29 AM Ignore PathfinderSC Report Abuse Companies need to make a profit, But no company need to make this much.
humblepie Champion Author Toledo Posts:35,351 Points:2,399,070 Joined:Mar 2006	Message Posted: Jan 30, 2013 11:37:04 AM Ignore humblepie Report Abuse more job security is good
rjojo40 Champion Author Las Vegas Posts:7,587 Points:1,102,365 Joined:Feb 2004	Message Posted: Jan 30, 2013 11:08:53 AM Ignore rjojo40 Report Abuse to bad the trickle down effect won't be applied to the public Pure Greed.
lesabreAZ Champion Author Phoenix Posts:1,819 Points:438,945 Joined:Nov 2011	Message Posted: Jan 30, 2013 11:04:54 AM Ignore lesabreAZ Report Abuse "A billion her, a billion there, pretty soon your talking real money." Senator Everett Dirkson in about 1958, when a billion was a lot.
WalkingWV Champion Author West Virginia Posts:3,755 Points:788,930 Joined:May 2008	Message Posted: Jan 30, 2013 11:01:02 AM Ignore WalkingWV Report Abuse $3.65 this morning, that means a 51¢ increase from $3.14 last Wednesday. DISGUSTING
drobbbb Champion Author Maryland Posts:3,590 Points:837,785 Joined:Dec 2010	Message Posted: Jan 30, 2013 10:29:21 AM Ignore drobbbb Report Abuse economy must not be too bad