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Author Topic: Marathon pumps up quarterly profits Back to Topics
Wrench45840

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Ohio

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Message Posted: May 1, 2013 9:36:46 AM

Cashing in on crude oil discounts and its new refinery in Texas, Marathon Petroleum Corp. increased profit 22 percent in the first quarter to $725 million, or $2.17 per share.

Marathon's first-quarter earnings a year earlier were $596 million, or $1.70 per share.

Revenue climbed 15 percent to $23.35 billion in the January-March quarter.


Visit The Findlay Courier for full article
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ClarkSC
Champion Author South Carolina

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Message Posted: May 2, 2013 3:30:32 AM

Good.
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busybee49
Champion Author Ohio

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Message Posted: May 2, 2013 12:56:48 AM

Nice and why don't we get to see a little break?
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Sneakers55
Champion Author Houston

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Message Posted: May 1, 2013 11:31:26 PM

On May 1, 2013 11:18:25 AM, Discovery02 wrote:

>Profits up to $23.35 BILLION in ONE QUARTER...

That's REVENUE. PROFIT was $725 million. On every dollar of sales, only 3.1 cents were profit. Wal-Mart does better than that.
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esq262
Champion Author Asheville

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Message Posted: May 1, 2013 10:52:38 PM

Business is always good.
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DoctorV
Champion Author Detroit

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Message Posted: May 1, 2013 9:24:17 PM

For Pete's sake, buy the stock if you're so upset with their profits.
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ErnieK9LO
Champion Author North Dakota

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Message Posted: May 1, 2013 2:25:56 PM

Another part of the greed machine.
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scu227
Champion Author New Haven

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Message Posted: May 1, 2013 1:12:24 PM

Crude prices drop and oil company profits rise. They should be passing on the cost reductions to the consumer and not be so GREEDY !!!!
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Discovery02
Champion Author Colorado Springs

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Message Posted: May 1, 2013 12:18:25 PM

Profits up to $23.35 BILLION in ONE QUARTER... I'm sure they're just figuring out ways to pass that along to consumers. They'll come up with something I'm sure. So is it time for my medications now nurse?
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NoSoup4U
Champion Author Raleigh

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Message Posted: May 1, 2013 11:24:32 AM

Yep Big Oil rakes in the profits, straight from our pockets. Time to change our driving habits and use less gas, to feed them less bucks.
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Cothrom
Champion Author South Carolina

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Message Posted: May 1, 2013 11:23:58 AM

It does seem never-ending at times
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humblepie
Champion Author Toledo

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Message Posted: May 1, 2013 11:16:53 AM

its all those useless solar and wind tax breaks and giveaways that
ar giving seniors the blues
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evowner
Champion Author Salem

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Message Posted: May 1, 2013 11:14:35 AM

And why do we cut social security in order to give oil companies tax relief?
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gasmeup52
Champion Author Missouri

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Message Posted: May 1, 2013 10:33:53 AM

Share a little maybe.
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huey715
Champion Author Texas

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Message Posted: May 1, 2013 10:13:42 AM

Profits are good I would like some please
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fora_7
Champion Author Montreal

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Message Posted: May 1, 2013 10:03:30 AM

who is paying for that?????
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eschroth442
Champion Author Cleveland

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Message Posted: May 1, 2013 10:02:48 AM

Now we get too see just who is making all the money in this oil gasoline game.
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TxMtb
Champion Author Ohio

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Message Posted: May 1, 2013 9:52:02 AM

15 percent revenue increase, and gas is about as high ever. Who's getting ripped off here?
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MiataPrincess
Champion Author Des Moines

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Message Posted: May 1, 2013 9:50:09 AM

they should share the profits to help out the consumer
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Tekkersmom57
Champion Author Syracuse

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Message Posted: May 1, 2013 9:47:36 AM

Lucky them! It would be nice if they could pass some of this extra profit on in the form of lower gas prices.
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Winatgas
Champion Author Kentucky

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Message Posted: May 1, 2013 9:39:32 AM

Marathon is strong in KY, but versus Exxon and Conoco Phillips they are ranked about 8th or 9th in revenues.
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