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Author Topic: Marathon Petroleum announces $3.4B profit for 2012 Back to Topics
85XJ
Champion Author
Toledo

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Message Posted: Jan 30, 2013 10:27:44 AM

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) Post a Reply
teafortwo
Champion Author Washington

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Message Posted: Feb 1, 2013 12:10:28 AM


Greed abounds .......
teenitup
Champion Author Houston

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Message Posted: Jan 31, 2013 9:43:40 AM

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

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Message Posted: Jan 31, 2013 7:42:07 AM

They need the money to spend in the beltway.
DoctorV
Champion Author Detroit

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Message Posted: Jan 31, 2013 12:01:56 AM

Great news!
doeslayersr
Champion Author Illinois

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Message Posted: Jan 30, 2013 10:35:10 PM

Good for Marathon. An American company... employing Americans....
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jan 30, 2013 2:17:46 PM

Are you kidding me.......1 BILLION more in profits!!! At whose expense.....ours, the average consumer!!!
bar1035
Champion Author Charlotte

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Message Posted: Jan 30, 2013 1:18:33 PM

Those dirty bas... wait is this an oil company or a car company?
JCI46009IN
Champion Author Indiana

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Message Posted: Jan 30, 2013 1:11:16 PM

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

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Message Posted: Jan 30, 2013 12:52:34 PM

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

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Message Posted: Jan 30, 2013 12:38:05 PM

...on the backs of the little guy, the consumer.
OTISFL
Champion Author Pensacola

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Message Posted: Jan 30, 2013 12:35:22 PM

Pass it to those of us who are consuers,.
teenitup
Champion Author Houston

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Message Posted: Jan 30, 2013 12:23:49 PM

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
Champion Author Montreal

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Message Posted: Jan 30, 2013 11:53:01 AM

no wonder, with the price we are paying. Obviously, some along the chain must make profits
PathfinderSC
Champion Author South Carolina

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Message Posted: Jan 30, 2013 11:42:29 AM

Companies need to make a profit, But no company need to make this much.
humblepie
Champion Author Toledo

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Message Posted: Jan 30, 2013 11:37:04 AM

more job security is good
rjojo40
Champion Author Las Vegas

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Message Posted: Jan 30, 2013 11:08:53 AM

to bad the trickle down effect won't be applied to the public Pure Greed.
lesabreAZ
Champion Author Phoenix

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Message Posted: Jan 30, 2013 11:04:54 AM

"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

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Message Posted: Jan 30, 2013 11:01:02 AM

$3.65 this morning, that means a 51ยข increase from $3.14 last Wednesday. DISGUSTING
drobbbb
Champion Author Maryland

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Message Posted: Jan 30, 2013 10:29:21 AM

economy must not be too bad
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