Marathon Petroleum profits rise as refinery margins climb

7/31/2012

FINDLAY -- Marathon Petroleum Corp., a Findlay-based oil refiner, reported higher second-quarter earnings, helped by higher margins at its refineries near Chicago and on the Gulf Coast.

Marathon Petroleum, which was spun off from Marathon Oil Corp a year ago, posted a profit of $814 million, or $2.38 per share, compared with $802 million or $2.24 per share in the same period a year earlier.