Marathon Petroleum Corp (NYSE:MPC) shares are trading higher after it reported fourth-quarter FY23 results.
Revenue and other income of $36.82 billion, beating the consensus of $35.25 billion.
Adjusted EBITDA was $3.53 billion for the quarter, compared with $5.80 billion in prior year quarter.
Refining operating costs per barrel were $5.67 versus $5.62 a year ago. Refining & Marketing refined product sales volume for the quarter was 3,612 mbpd (vs. 3,532 a year ago); Crude oil capacity utilization was 91% vs. 94% in the prior-year quarter.
Refining & Marketing segment ...