Marathon Q2 Earnings & Revenues Beat Estimates, Expenses Down Y/Y

Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported second-quarter adjusted earnings per share of $3.96, which beat the Zacks Consensus Estimate of $3.22, primarily driven by an 11% year-over-year decline in costs and expenses during the quarter.  However, the company’s bottom line declined significantly from the year-ago adjusted...