MPC News and Press, Marathon Petroleum Corporation From 05/02/22

Marathon Petroleum (NYSE:MPC) is scheduled to announce Q1 earnings results on Tuesday, May 3rd, before market open. The consensus EPS Estimate is $1.28 (vs. -$0.20 in prior year) and the consensus Revenue Estimate is $32.46B (+41.9% Y/Y). Over the last 2 years, MPC has beaten EPS estimates 10...

The Polaris Global Equity Composite returned -3.83%. We are constantly assessing the portfolio seeking to ensure that our holdings thrive in an inflationary period. We are actively seeking attractively-priced stocks with good upside potential and lesser downside risk. We belie...

--News Direct-- The Human Rights Campaign (HRC) has ranked MPC a “Best Place to Work” for LGBTQ+ equality for the third consecutive year. For 2022, MPC scored 100% on the HRC’s Corporate Equality Index (CEI) survey, which is the highest possible score. Companies ear...

It should come as no surprise that fuel shortages emerged following Russia's invasion of Ukraine. Shortly after the war began, BP (BP) and Shell (SHEL) flagged distillate shortages in Germany. Thereafter YPF (YPF) indicated that it was struggling to import diesel ahead of the harvest in Argen...

Refining is in a new "Golden Age" currently. Prices and margins are up and are at multi-year highs. DINO is positioned to serve the upper Midwest and northern-tier states with strategically placed refineries and convenience stores. We rate DINO a buy at current levels. For f...

--News Direct-- Several Marathon Petroleum Corp. (MPC) refineries have attained a rare industry status through safety performance that earned the highest recognition available from the American Fuel & Petrochemical Manufacturers (AFPM). At the recent AFPM Annual Meeting, the org...

Valero (NYSE:VLO) is set to report Q1 earnings ahead of the market open Tuesday; analysts are expecting $1.64 in earnings per share from the company during Q1. However, EPS estimates for Q2 have risen from $2.50 only three weeks ago, to $3.20 currently. Wall Street analyst Paul Sankey of...

The American Petroleum Institute has drafted a proposal urging Congress to adopt a carbon tax, although some members of the biggest U.S. oil industry trade group want to delay action until after the midterm elections, fearing it could alienate Republican lawmakers, the Wall Street Journal rep...

Marathon Petroleum, the largest refiner in the United States, will certainly be a beneficiary of the current macro environment. The relatively low price of domestic natural gas is a competitive advantage as compared to foreign refiners - especially those in Europe. Sanctions on Ru...

Morgan Stanley lifted its oil price forecast Friday, as the bank sees additional Russian supply impacts from May onward, and a coin-flip chance the Iran deal falls through (NYSEARCA:USO). The bank cut its oil demand growth forecast, though indicated that "as the year unfolds, we expect refine...