Quartz·1 min read·medium
Marathon Petroleum posted its highest profit in four years, smashing earnings expectations
✦AI Summary
Marathon Petroleum reported a quarterly net income of $5.1 billion, marking its highest profit in four years. The surge was primarily driven by increased crack spreads resulting from supply disruptions in the Strait of Hormuz.
Higher crack spreads driven by Strait of Hormuz supply disruptions pushed the refiner's quarterly net income to $5.1 billion
businesseconomy
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