2024-05-02 14:07:04 ET
Summary
- Marathon Petroleum Corporation has seen significant returns in the refining industry, outperforming the tech sector.
- Refinery stocks have benefited from post-pandemic demand growth and favorable supply/demand dynamics.
- MPC remains bullish on the future of refined products and margins, with a strong midstream segment and commitment to shareholder value through buybacks and dividends.
Introduction
I think we can all agree that technology has been a great sector to be in. After all, over the past five years alone, the tech-heavy Invesco QQQ Trust ETF ( QQQ ) has returned 131%, beating the 86% return of the S&P 500 by a substantial margin.
Interestingly enough, investors were also able to get supersized returns in "boring" cyclical industries, including refining!
The Marathon Petroleum Corporation ( MPC ) returned almost 260% during this period - almost twice the return of the QQQ!...
Read the full article on Seeking Alpha
For further details see:
Marathon Petroleum: The Buyback King Of The Energy Sector Continues To Shine