MPC News and Press, Marathon Petroleum Corporation From 01/11/23

Summary Marathon Petroleum is a refiner of oil products. Demand for refined products was abnormally strong in 2022. What's the outlook for 2023 like? A discussion of Marathon Petroleum's operating leverage. The impact of natural gas on Marathon Petroleum's operating expenses and how...

Summary ET and MPLX are high yield midstream businesses with investment grade credit ratings. MPLX has a vastly superior track record while ET is significantly cheaper. We compare them side by side and offer our take on which is a better buy at the moment. Both Energy Tran...

Summary PSX announced an agreement Friday to buy the remaining publicly held LP units in DCP Midstream for $41.75 each, raising Phillips 66's stake in DCP to 86.8%. The remaining economic interests in DCP are held by Enbridge, which owns 13.2% of the MLP's General Partner. PSX expec...

Marathon Petroleum Corp. Recommends Shareholders Reject Mini-Tender Offer From TRC Capital Investment Corp. PR Newswire FINDLAY, Ohio , Jan. 4, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) has received notification of an unsolicited mini-tender offer...

Summary The Invesco equal-weight RYE ETF attempts to mitigate concentration risks in the energy sector using the same strategy as sister fund - the RSP ETF - does in the S&P 500. The fund holds equal weight positions in 24 energy companies and rebalances on a quarterly basis. The TT...

Summary PBF Energy is a $5.2 billion market cap oil refiner. Its CFO departed suddenly in mid-December and the company is searching for a replacement. Two of PBF’s six refineries are in California and face both high costs and (at the moment) high margins due to heavy regulation t...

Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on January 31, 2023 PR Newswire FINDLAY, Ohio , Dec. 16, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, January 31, 2023 , at ...

Summary There are a lot of false narratives being thrown about on how "green energy" is somehow responsible for the recent global energy crisis. However, the primary cause of the global energy crisis was arguably Russia's decision to attack Ukraine and cut off natural gas supplies to th...

Prices for diesel fuel have soared by ~50% this year to $5.35/gallon, a record premium over gasoline and crude oil , in another example of how disruptions to globalized energy markets are producing price shocks and potential shortages. The spread between diesel and gasoline has ...

Summary VFVA is an actively managed value ETF holding micro- to mega-cap companies. The heaviest sector is financials, with 24% of asset value. Since inception in 2018, the fund has lagged its benchmark, but ranks well among value ETFs. It has outperformed its close compet...