Marathon Petroleum Stock News

Several refinery stocks climbed to new highs Friday, while artificial intelligence stock Lumentum tried to break out above a buy point.

The earnings of independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are set to crush the near-record results of the June quarter.

In recent days, energy discussions and headlines have been dominated by the potential for a U.S. diesel export ban. The U.S. is a major exporter of diesel, including to Europe, which has been hit hard by global diesel supply disruptions.

Record diesel prices have been a boon for Valero and Marathon Petroleum. Now demand destruction and the threat of an export ban are creating new risks for refining stocks.

President Donald Trump ​is expected ‌to convene U.S. ​refiners and ​fuel retailers next ⁠week ​to highlight ​efforts to lower gasoline prices, ​as ​his administration seeks to ‌ease ⁠pressure on consumers from ​the ​Iran ⁠conflict ahead of ​November's ​congressional ⁠midterm elections, people familiar ⁠with ​the ​matter said.

The EPA is allowing an earlier switch to cheaper winter-grade gasoline, potentially shaving 10 to 30 cents a gallon off prices. The relief may be short-lived.

Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the ​Strait of Hormuz sent fuel prices and refining margins surging.

Many investors know the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) for its options strategy. However, its underlying performance relies heavily on an engine that gets far less spotlight.