Shares of Marathon Petroleum popped on Thursday making it TheStreet's Move of the Day. Amid one of the worst sessions for the S&P 500 this year, Marathon Petroleum led the benchmark index after ... more 
Shares of Marathon Petroleum popped on Thursday making it TheStreet's Move of the Day. Amid one of the worst sessions for the S&P 500 this year, Marathon Petroleum led the benchmark index after reporting stronger-than-expected earnings that were driven by widening margins on its refining operations in the Gulf of Mexico. The company reported second-quarter earnings of $2.94 a share, beating Wall Street's forecast for $2.20 a share. The company said in its earnings statement: "The increase was primarily due to more favorable net product price realizations and a higher U.S. Gulf Coast crack spread, partially offset by a narrower West Texas Intermediate and Light Louisiana Sweet crude oil differential." less 
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TheStreet
Thu, Jul 31, 2014 5:26 PM EDT