Marathon Petroleum Stock News

The Iran conflict has sent tanker rates soaring, forcing sellers to deepen discounts on heavy crude grades and giving US Gulf Coast refiners a cost advantage over Asian rivals, executives said after reporting bumper third-quarter ​profits.

Carl Icahn's oil refinery, CVR Energy, said Tuesday that it's paying $4.2 billion for Marathon Petroleum refineries as earnings boom.

Marathon Petroleum on Tuesday beat Wall Street estimates for third-quarter profit on stronger refining margins and struck a $4.2 billion deal to sell two refineries and related midstream assets to Carl Icahn-controlled CVR Energy.

FINDLAY, Ohio, Nov. 3, 2026 /PRNewswire/ -- Third-quarter net income attributable to MPC of $7.4 billion, or $26.59 per diluted share, adjusted net income of $7.5 billion, or $26.93 per diluted share $11.7 billion of adjusted EBITDA, demonstrating the earnings power of MPC's value chains $3.3 billion of capital returned, reflecting strong cash generation and disciplined execution Announced a 10...

FINDLAY, Ohio, Nov. 3, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) today jointly announced they have entered into a definitive agreement to divest the St. Paul Park, Minnesota, and Mandan, North Dakota, refineries, inclusive of related midstream assets, to CVR Energy, Inc. (NYSE: CVI). Total purchase price is $4.2 billion, plus inventory value and subject ...

SUGAR LAND, Texas--(BUSINESS WIRE)--CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) today announced that it has entered into a definitive agreement with subsidiaries of Marathon Petroleum Corporation (NYSE: MPC) (“Marathon”) under which CVR Energy would acquire (the “Acquisition”) Marathon's St. Paul Park, Minnesota and Mandan, North Dakota refineries, along with Marathon's related marketing busine...

FINDLAY, Ohio, Oct. 29, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that David E. Constable has been elected to the company's board of directors, effective March 1, 2027.