(Reuters) – Top U.S. refiner Marathon Petroleum posted lower first-quarter profit on Tuesday, as refining margins eased from elevated levels seen early last year following Russia’s invasion of Ukraine in 2022.
The Findlay, Ohio-based refiner posted net income attributable to the company of $937 million, or $2.58 per share, for the three months ended March 31, lower than the $2.7 billion, or $ 6.09 per share, it reported a year earlier.
(Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra Eluri)
Comments