Marathon Petroleum Corporation suffered big loss - about $10 bn

17:51 - 6.07.2021


July 6, Fineko/abc.az. American Marathon Petroleum Corporation suffered serious financial losses in 2020.

ABC.AZ reports that the company ended last year with net loss of $9.9 bn against net profit of $2.3 bn in 2019.

According to the report, MPC’s losses last year exceeded its profit in 2019 almost 3-fold.

With total revenue of $111.9 bn in 2020, company's earnings for 2019 also decreased by 38.3% to $69.03 bn.