Marathon petroleum reports second-quarter 2020 results

. reports second-quarter 2020 results.q2 adjusted loss per share $1.33.q2 earnings per share $0.01.q2 earnings per share estimate $-1.75 -- refinitiv ibes data.indefinitely idling gallup and martinez refineries.evaluating strategic repositioning of martinez to renewable diesel facility.qtrly refining & marketing loss from operations of $1.62 billion versus income of $906 million.qtrly total revenues and other income $15,198 million versus $33,670 million.qtrly total net refinery throughput of 2,276 mbpd versus 3,135 mbpd.sees q3 2020 total refinery throughputs 2,345 mbpd.marathon petroleum - demand for product, services continues to be significantly depressed, particularly across west coast and midwest."confident we will meet $950 million expense reduction target we previously announced for 2020".also implementing plans to structurally lower costs in 2021 and beyond.
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