August 1, 2019 / 10:41 AM / 3 months ago

Marathon Petroleum reports 5% rise in quarterly profit

Aug 1 (Reuters) - U.S. refiner Marathon Petroleum Corp reported a 4.8% rise in quarterly profit on Thursday, as strength in its midstream and retail segments more than offset a fall in refining income.

Net income attributable to the company rose to $1.11 billion in the second quarter ended June 30, from $1.06 billion a year earlier.

On a per share basis, earnings fell to $1.66 from $2.27.

Total revenue and other income rose to $33.69 billion from $22.45 billion. (Reporting by Debroop Roy in Bengaluru; Editing by Maju Samuel)

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