Marathon Petroleum Corp beat Wall Street estimates for second-quarter profit on Tuesday, benefiting from a rebound in refining margins as fuel demand remained firm.

Marathon Petroleum Corp. (NYSE:MPC) posted better-than-expected second-quarter earnings on Tuesday, driven by robust execution in its refining and commercial operations, despite headwinds in refining margins.

Marathon Petroleum reported strong second-quarter earnings, beating analyst estimates, driven by increased refining margins, higher motor fuel demand, and robust utilization rates, echoing similar success for Valero Energy.