Nov. 01–Marathon Petroleum Corp. made a profit of $737 million in the third quarter.
The Findlay-based refiner released its earnings Thursday. For investors, the profit worked out to $1.62 per diluted share, but was down 18 percent from the third quarter of 2017.
Marathon saw revenue drop in its refining and marketing segment and its Speedway stores, but revenue increased in Marathon’s midstream business.
The company also gave an update on its acquisition of Andeavor. The deal closed Oct. 1 and Marathon has converted almost half of some 200 Andeavor stores to the Speedway brand and expected to complete all conversions by the end of the year, according to a press release.
Marathon operates a refinery in Canton.
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