MPC News and Press, Marathon Petroleum Corporation From 05/01/23

2023-05-01 08:33:59 ET A stronger-than expected earnings season is bolstering belief that an EPS recovery can arrive in the second half of the year, but at the same time leading macro data have slowed, according to Morgan Stanley strategist Mike Wilson. Late last week, concerns about ...

2023-04-28 14:42:39 ET In a big win for the biofuels industry, the Biden administration said Friday it issued an emergency waiver that will allow widespread sales of higher-ethanol E15 gasoline this summer, repeating a move used last year to help tamp down high pump prices. The move...

2023-04-28 13:30:26 ET Earnings season keeps running at pace during the first week of May, with reports due from numerous leaders in the semiconductor, auto, pharmaceuticals, energy, software and media industries. The week is also dotted with earnings updates from consumer packaged goods co...

2023-04-27 20:08:44 ET Marathon Petroleum ( NYSE: MPC ) will pay a $27.5M penalty for violating a 2016 court order requiring it to reduce pollution levels at its Martinez, California, refinery, the U.S. Department of Justice and the Environmental Protection Agency said Thursday....

2023-04-25 13:52:29 ET Summary Although US refiners outperformed the broader market over the last year, the sector has been weak over the last month. However, industry trends over recent years are strong with growing revenues and earnings. Refiner revenues and earnings appear ...

NORTHAMPTON, MA / ACCESSWIRE / April 25, 2023 / Marathon Petroleum Corporation (l-r) LAR firefighters Mike Martinez Jr., Esteban Esqueda, Michelle Lee and Brian Santos outside of the Los Angeles Memorial Coliseum. For the second year in a row, firefighters from Marathon Petroleum's Los An...

2023-04-25 12:58:14 ET Summary MPLX has steadily grown its distribution year in and year out even in difficult energy markets. Its balance sheet is in good shape, and it has some nice growth projects in the mix. The stock is a "Buy" for income-oriented investors. MPL...

2023-04-25 11:50:37 ET Summary Due to higher demand for gasoline and distillate from European Union, I believe Marathon Petroleum’s sales can increase further. MPC’s cash and current ratios were on an increasing path in 2022 and reached 1.76x and 0.59x, respectively,...

2023-04-24 19:15:16 ET Gasoline prices at the pump fell last week for the first time in a month and may have already reached their summer season peak, GasBuddy head of petroleum analysis Patrick De Haan said Monday. The average price for regular unleaded gas in the U.S. edged lower ...

2023-04-23 15:30:00 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify This is an abridged conversation from Seeking Alpha's Investing Experts podcast r ecorded on April 20, 2023. 1:20 - How quant...