MPC News and Press, Marathon Petroleum Corporation From 10/19/23

2023-10-19 14:33:36 ET Summary Phillips 66's Refining Segment continues to be the dominant factor for earnings upside given PSX's high distillate yield and strong diesel margins. The company's acquisition of DCP Midstream's LP units will contribute to strong growth in the Midstrea...

2023-10-19 13:50:45 ET Summary Retail gas prices have fallen to near $3.50 per gallon, impacting profitability for energy refiners as crack spreads have retreated. Marathon Petroleum Corporation has strong momentum and a fair valuation, but macro risks are a concern. MPC's ear...

2023-10-18 16:45:02 ET More on crude oil XLE: Escalating Middle East Tensions Strengthen Energy's Bullish Thesis The Bullish Case For Oil Is Still Compelling Oil Prices To Stay Well In The Triple Digits As European Winter Is Almost Here For further details se...

2023-10-13 18:30:31 ET More on clean energy ETFs PBW: A Good Theme But Terrible Momentum Now QCLN Should Be Your Preferred Bet If You're Interested In Clean Energy ICLN: One To Avoid For further details see: Biden administration officially awards $7B in g...

2023-10-13 09:22:04 ET The energy sector ( NYSEARCA: XLE ) finally achieved momentum, rising 11% in the third quarter after struggling to lock in gains during the first half of the year. The S&P 500 Energy Index (SP500-1010) witnessed growth in Q3 after falling 2% in...

NORTHAMPTON, MA / ACCESSWIRE / October 13, 2023 / Marathon Petroleum Corporation Marathon Petroleum Corp.'s (MPC) Detroit refinery hosted an ENERGY STAR® Industrial Showcase in August to celebrate its achievements in energy management practices. The refinery received its 7th ENERGY ST...

2023-10-12 06:58:38 ET More on the markets Depression Alert: Why The Shrinking Money Supply Spells Trouble For SPY SPY: An Early Contrarian Opportunity (Technical Analysis, Rating Upgrade) Something Will Break Soon Seeking Alpha's quant ratings recommend tech...

2023-10-09 22:18:06 ET Summary Marathon Petroleum's profit outlook is waning as refinery spreads fall dramatically on higher oil prices and lower gasoline demand. The recent oil "crack spread" crash threatens to erase most of Marathon's current EBITDA. Marathon's Q3 EPS is exp...

2023-10-05 07:00:00 ET Summary MPLX and Energy Transfer are both high-yield BBB-rated midstream infrastructure businesses. MPLX has a more consistent distribution growth track record compared to Energy Transfer. Energy Transfer has significantly outperformed MPLX in the past t...

NORTHAMPTON, MA / ACCESSWIRE / October 4, 2023 / Marathon Petroleum Corporation Hundreds of underserved children from the Shoshone-Bannock Tribes in southeastern Idaho have new coats, shoes and school supplies for the school year ahead. Employees from Marathon Petroleum Corp.'s midstream s...