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Company News

Marathon Petroleum's profit more than doubles

July 26 (Reuters) - U.S. independent refiner Marathon Petroleum Corp’s second-quarter profit more than doubled as cheap Canadian crude boosted refining margins.

Net income attributable to the company rose to $1.06 billion, or $2.27 per share, in the three months ended June 30, from $483 million, or 93 cents per share, a year earlier.

Total revenue and other income rose to $22.45 billion from $18.35 billion, the company said on Thursday. (Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)

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