Marathon Petroleum Stock News

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This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.35%, ...

Marathon Petroleum shares have dropped significantly, but Q3 earnings exceeded expectations, boosting the stock by over 3% and reinforcing my bullish stance. The Company's refining operations' implied equity value has sharply declined, creating a compelling investment opportunity, especially with the company's strong capital return capacity and share repurchases. Despite cyclical challenges, US...

Marathon Petroleum Corporation. (NYSE:MPC ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, Refining David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Neil Mehta - Goldman Sachs Douglas Leggate ...

Marathon Petroleum Corp (NYSE:MPC) reported a steep decline in profitability on lower market crack spreads that have adversely impacted refining margins. The oil refiner reported a net income of $622 million, or $1.87 per share, for the third quarter of 2024, significantly down from earnings of $3.3 billion, or $8.28 per share, recorded in the same period last year.

Marathon Petroleum reported a lower third-quarter profit on Tuesday as the top U.S. refiner took a hit from weak fuel demand which shrunk refining margins.

FINDLAY, Ohio , Nov. 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion $1.7 billion of adjusted EBITDA attributable to MPLX and $1.4 billion of distributable cash flow $949 million of capital returned to unitholders Increased quarterly distribution by 12.5% to $3.83 per unit annualized Executing g...