Image: A refinery in Detroit, Michigan - Source: Marathon Petroleum
Investment Thesis
The US refiner Marathon Petroleum (MPC) has grown tremendously since 2012. The company is now the largest US refiner with an extensive network of retail locations and two large logistics subsidiaries. The stock ought to be present in your long-term oil portfolio.
This fourth quarter was the final achievement after successfully completing the acquisition of Andeavor that I described earlier. The fourth quarter of 2018 is the first quarter in which we see results combined with Marathon Petroleum and Andeavor. After