Marathon petroleum corp. reports third-quarter 2021 results

Findlay, ohio, nov. 2, 2021 /prnewswire/ -- reported third-quarter net income of $694 million , or $1.09 per diluted share; reported adjusted net income of $464 million, or $0.73 per diluted share progressing portfolio optimization by pursuing strategic alternatives for the kenai refinery and related operations, which could include a sale; and continuing focus on lowering the cost structure completed ~25% of $10 billion capital return program through oct 31; committed to complete remaining $7.5 billion by year-end 2022 exceptionally strong year-to-date cash flow at mplx supports a third quarter distribution consisting of a 2.5% increase to the base distribution amount and a special distribution amount; mpc expects to receive a total of $829 million marathon petroleum corp. (nyse: mpc) today reported net income of $694 million, or $1.09 per diluted share, for the third quarter of 2021, compared with a net loss of $886 million, or $(1.36) per diluted share, for the third quarter of 2020. adjusted net income was $464 million, or $0.73 per diluted share, for the third quarter of 2021.
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