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Summary In this article, we start by discussing the fundamentals of the US refinery industry, which continue to see high margins caused by supply issues and high export demand. Marathon Petroleum has "ignored" the ongoing bear market thanks to its attractive valuation and ability ...
Marathon Petroleum ( NYSE: MPC ) was the largest buyer in the Biden administration's latest sale from the U.S. Strategic Petroleum Reserve, just days after OPEC+ announced its 2M bbl/day production cut . Eight companies including Equinor ( EQNR ), Phillips 66 ( PSX...
Summary Nearly 50% of the S&P 500’s Core Earnings comes from just 41 companies. The companies represent only 8% of the number of firms in the index, but over 40% of the index’s market capitalization. Deeper analysis reveals that these companies trade at lower...
Summary MPLX is a highly profitable midstream company that mainly supports Marathon Petroleum Corporation. Therefore, it has been instrumental in underpinning the stability of its dividend payouts. Notwithstanding, MPLX is not immune to a recession. Therefore, investors need to mo...
Summary We updated investors in August not to add XLE as we gleaned bifurcation in WTI crude oil's continued weakness, masked by the strength in the unsustainable natural gas surge. Accordingly, natural gas futures have collapsed markedly, while WTI's weakness has worsened, exacer...
Summary The U.S. refiner reported second-quarter 2022 adjusted earnings of $11.36 per share, significantly increasing from $0.48 per share in the year-ago quarter. The third quarter will probably show a correction from extremely favorable margins experienced in the second quarter ...
Summary Marathon, similar to other refiners, reported stellar quarterly results. With crack spreads holding at $40 for the Gulf Coast 2-1-1 in the 3rd quarter, 3rd quarter results will likely be in-between the last two quarters, skewed toward the 2nd. The most interesting posi...
Summary The company reported second-quarter 2022 adjusted earnings per share of $6.77 from $0.77 a year ago, beating analysts' expectations. On August 17, 2022, Phillips 66 announced that it made an offer to acquire outstanding publicly held common units of DCP Midstream, LP. ...
Marathon Petroleum Corp Announces Closing of Martinez Renewables JV with Neste PR Newswire FINDLAY, Ohio , Sept. 21, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the closing of its joint venture with Neste for the Marti...
Summary The Fed is like a box of chocolates. You never know what you're going to get. Red hot inflation, recession fear, and negative market sentiment emphasized last week by FedEx have many investors seeking high-yielding dividend stocks to hedge against and battle losses. Th...
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An emergency food pantry in Dickinson, North Dakota, recently got help in meeting local needs after issuing a public call for assistance via social media. The Association to Meet Emergency Needs pantry needed to replenish its supply shelves, prompting support from Marathon Petroleum's Dick...
NORTHAMPTON, MA / ACCESSWIRE / July 16, 2024 / Marathon Petroleum Corporation The Port of Long Beach, California, is supporting an effort to reduce debris in the port with devices that collect trash from the surface of the water. Marathon Pipe Line installed two electric trash skimmers ...
2024-07-12 07:30:08 ET Wells Fargo analyst issues OVERWEIGHT recommendation for MPC on July 12, 2024 05:59AM ET. The previous analyst recommendation was Overweight. MPC was trading at $164.29 at issue of the analyst recommendation. The overall analyst consensus : BUY. ...