MPC - Marathon Equinor are biggest buyers in latest SPR sale

Marathon Petroleum ( NYSE: MPC ) was the largest buyer in the Biden administration's latest sale from the U.S. Strategic Petroleum Reserve, just days after OPEC+ announced its 2M bbl/day production cut .

Eight companies including Equinor ( EQNR ), Phillips 66 ( PSX ), Shell ( SHEL ) and Valero Energy ( VLO ) were awarded a combined 10.1M barrels of low-sulfur oil, including 1M that could be used for export markets, the U.S. Department of Energy reported.

The crude deliveries will take place in November from SPR storage sites at West Hackberry, La., and Big Hill, Texas.

Marathon Petroleum ( MPC ) is one of "three dividend stocks to fight inflation" named by Steven Cress in an analysis posted recently on Seeking Alpha .

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