01 August 2013 13:57 [Source: ICIS news]
HOUSTON (ICIS)--Marathon Petroleum’s second-quarter earnings fell 27% year on year to $593m (€445m) on a narrowing of crude oil price differentials, the US-based refiner said on Thursday.
“In addition, our product price realisations, compared to spot market values, were lower in the second quarter of this year due in part to volatility in the Chicago market and compliance with the Renewable Fuel Standard,” CEO Gary Heminger said.
Heminger added that Marathon’s upgraded refinery in ?xml:namespace>
Throughput at Marathon’s seven
Marathon Petroleum is the fourth-largest refiner in the
($1 = €0.75)
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