MPC - Marathon Petroleum: The Buyback King Of The Energy Sector Continues To Shine

2024-05-02 14:07:04 ET

Summary

• Marathon Petroleum Corporation has seen significant returns in the refining industry, outperforming the tech sector.
• Refinery stocks have benefited from post-pandemic demand growth and favorable supply/demand dynamics.
• MPC remains bullish on the future of refined products and margins, with a strong midstream segment and commitment to shareholder value through buybacks and dividends.

Introduction

I think we can all agree that technology has been a great sector to be in. After all, over the past five years alone, the tech-heavy Invesco QQQ Trust ETF ( QQQ ) has returned 131%, beating the 86% return of the S&P 500 by a substantial margin.

Interestingly enough, investors were also able to get supersized returns in "boring" cyclical industries, including refining!

The Marathon Petroleum Corporation ( MPC ) returned almost 260% during this period - almost twice the return of the QQQ!...

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