The Traderszone Network

Published in TZ Latest News 30 October, 2016 by The TZ Newswire Staff

Marathon Petroleum’s Earnings Slid Last Quarter, but All Eyes Are on What it Does Next

Refining companies have had a tough business these past couple quarters, and Marathon Petroleum (NYSE: MPC) was no exception when it reported an 85% drop in earnings this past quarter from the prior year. That kind of drop would normally be the headline of every news story for this company, but even that was overshadowed by the announcement that the company was looking to take a different direction with its subsidiary partnership MPLX (NYSE: MPLX).

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