MPC News and Press, Marathon Petroleum Corporation From 07/21/22

Following a decline in the price of oil, the Fidelity MSCI Energy ETF is down roughly 20% from its June high. That being the case, the pullback is a great opportunity for investors who are underweight the energy sector. That's because the fund represents extreme value: it has a P/...

--News Direct-- Lieutenant Colonel Daren Burns was named Commander of the 214th Engineering Installation Squadron (EIS) for the Louisiana Air National Guard after 30 years of continuous service as a non-commissioned officer and as a commissioned officer. Burns is an Instrument and S...

Phillips 66 is a diversified, growing company in the energy sector. The company has attractive long-term prospects for dividend growth. Phillips 66’s stock is trading at a reasonable 8x forward earnings multiple. After a 25% valuation drop in June, the dividend an...

Demand for refined petroleum products (think gasoline, diesel, and jet fuel) is through the roof these days. Oil refiners can't keep up with demand, which is sending refined-product prices higher. That's enabling refiners to capture wide margins (known as the crack spread) between where t...

--News Direct-- Underserved children who live in areas near Marathon Petroleum Corp.’s (MPC) Salt Lake City refinery are benefiting from a $40,000 MPC grant to provide basic necessities. Approximately 250 pre-K through third grade children and their families attended a recent hea...

Marathon Petroleum Corp. Statement on the Passing of Board Member Steven A. Davis PR Newswire FINDLAY, Ohio , July 12, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) issued the following statement from John Surma , chairman of the board of director...

Crude oil futures rebounded Thursday after a two-day rout that sent the U.S. benchmark to three-month lows below $100/bbl. August WTI crude ( CL1:COM ) +5.8% at $104.31/bbl and September Brent ( CO1:COM ) +5.4% at $106.17/bbl, after both benchmarks closed on Wedn...

Marathon Oil Corporation has paid down over $1 billion in debt. Dividends are small, but it is repurchasing shares as part of returning +50% of cash flow from operations 1Q22. This $14.6 billion market-cap company produces significant oil volumes from the North Dakota Bakken. Improved...

Energy sector has reversed dramatically, falling close to 25% since. The price of oil has pulled back significantly, which causes compression in gross margins for suppliers. Most industries will breathe a sigh of relief, but energy companies will be in the other camp. Up...

Crude oil futures extended their losses on Wednesday following yesterday's brutal selloff, with Brent futures now joining WTI in dipping below $100/bbl amid ongoing worries about a recession that would hurt energy demand. August WTI crude ( CL1:COM ) -3.2% at $96.27/bb...