This morning, Marathon Petroleum (NYSE:MPC) reported fourth quarter earnings of $626 million, or $2.07 per share. Excluding one-time items, the company would have earned $2.10 per share, easily topping the $1.15 per share Wall Street was expecting. The company said it achieved gross margins of $7.64 per barrel as Gulf Coast crude prices were depressed during the fourth quarter. On the news, shares of MPC were doing better than the markets today, but still lower by 0.5%.
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