Marathon Petroleum Corporation: Refining Utilization & Operational Excellence To Redefine the Industry!

Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%. The company continues to deliver solid performance in its refining and marketing (R&M) segment, boasting a 96% capture rate, a 2% improvement quarter-over-quarter, reflecting strong commercial performance. The refining operating costs were at $5.30 per barrel, a slight increase primarily due to decreased throughputs and higher project expenses linked to intensified turnaround activity.