MPC News and Press, Marathon Petroleum Corporation From 05/31/23

2023-05-31 23:23:19 ET Summary In this four-part series, I will review how to structure a dividend investor's oil and energy portfolio with my oil and energy playbook. Part 2 will discuss the general strategy and our second position, the running back. The playbook discusses st...

NORTHAMPTON, MA / ACCESSWIRE / May 31, 2023 / Marathon Petroleum Corporation MPLX representatives at the truck presentation included (l-r) Transport Operations Manager Jonas Armenta, Transport Drive Jonathan Begay, Transport Drive Karl Ashley and Transport Operations Supervisor Steve Transue. ...

2023-05-30 17:13:18 ET Summary Phillips 66 offers value and yield in the refining and chemical sector, with a strong long-term outlook and significant progress in its core business. The company's extensive chemical footprint, including the joint venture with Chevron Phillips Chemi...

NORTHAMPTON, MA / ACCESSWIRE / May 24, 2023 / Marathon Petroleum Corporation Madison Metropolitan School District in Wisconsin and the nonprofit organization Sustain Dane are working together to turn food waste into usable compost. A community investment grant from Virent, a subsidiary of ...

2023-05-23 14:43:23 ET Marathon Petroleum ( NYSE: MPC ) said Tuesday the Occupational Safety and Health Administration is investigating last week's fire at its Galveston Bay, Texas, refinery that left one worker dead. While confirming OSHA's probe, the company offered no i...

2023-05-21 07:40:50 ET Summary Marathon Petroleum is the biggest player in its industry. It runs a tight ship, producing profits in almost all market types. We think crack spreads are likely to stay higher for longer due to chronic underinvestment in the sector. The company is...

2023-05-20 22:10:50 ET Summary MPC continues to enjoy robust refining margins. This is allowing the company to aggressively buy back stock due to the robust free cash flow it is generating. The current price looks attractive based on mid-cycle EBITDA and its stake in MPLX. ...

2023-05-16 13:16:44 ET Summary Eight US refiners were compared using a value matrix with factors including valuation, FCF, debt, forward yield, and payout ratio. Although I expect refiners' earnings to remain elevated, I also expect share price volatility to continue on energy sec...

2023-05-15 19:43:20 ET A Marathon Petroleum ( NYSE: MPC ) employee died from a fire that erupted Monday at the company's 593K bbl/day Galveston Bay refinery in Texas. Marathon ( MPC ) said the cause of the morning fire, which was brought under control by the afternoon, i...

2023-05-15 02:04:09 ET Summary In the last few weeks,  U.S. refiners reported results with all beating earnings estimates and 75% beating revenue estimates. Despite solid results, U.S. refiners declined about 15% over the last month. Over three years, U.S. refinery capaci...