MPC News and Press, Marathon Petroleum Corporation From 09/29/22

Summary Nearly 50% of the S&P 500’s Core Earnings comes from just 41 companies. The companies represent only 8% of the number of firms in the index, but over 40% of the index’s market capitalization. Deeper analysis reveals that these companies trade at lower...

Summary MPLX is a highly profitable midstream company that mainly supports Marathon Petroleum Corporation. Therefore, it has been instrumental in underpinning the stability of its dividend payouts. Notwithstanding, MPLX is not immune to a recession. Therefore, investors need to mo...

Summary We updated investors in August not to add XLE as we gleaned bifurcation in WTI crude oil's continued weakness, masked by the strength in the unsustainable natural gas surge. Accordingly, natural gas futures have collapsed markedly, while WTI's weakness has worsened, exacer...

Summary The U.S. refiner reported second-quarter 2022 adjusted earnings of $11.36 per share, significantly increasing from $0.48 per share in the year-ago quarter. The third quarter will probably show a correction from extremely favorable margins experienced in the second quarter ...

Summary Marathon, similar to other refiners, reported stellar quarterly results. With crack spreads holding at $40 for the Gulf Coast 2-1-1 in the 3rd quarter, 3rd quarter results will likely be in-between the last two quarters, skewed toward the 2nd. The most interesting posi...

Summary The company reported second-quarter 2022 adjusted earnings per share of $6.77 from $0.77 a year ago, beating analysts' expectations. On August 17, 2022, Phillips 66 announced that it made an offer to acquire outstanding publicly held common units of DCP Midstream, LP. ...

Marathon Petroleum Corp Announces Closing of Martinez Renewables JV with Neste PR Newswire FINDLAY, Ohio , Sept. 21, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the closing of its joint venture with Neste for the Marti...

Summary The Fed is like a box of chocolates. You never know what you're going to get. Red hot inflation, recession fear, and negative market sentiment emphasized last week by FedEx have many investors seeking high-yielding dividend stocks to hedge against and battle losses. Th...

--News Direct-- A school’s community garden was once a blossoming outdoor classroom where students could learn about nature and growing food. When COVID-19 sent teachers and students home for long periods of time, the garden beds dried up and became overgrown with weeds. ...

Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 1, 2022 PR Newswire FINDLAY, Ohio , Sept. 14, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 1, 2022 , at 11 a...