The world faces a shortfall of refining capacity which is keeping gasoline prices elevated. Ukraine's drone strikes on Russia and Iran's attacks in Persian Gulf have knocked out millions of barrels per day of capacity.
Marathon Petroleum's quarterly profit beat Wall Street's estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war on Iran pushed refining margins to multi-year highs.
FINDLAY, Ohio, Aug. 4, 2026 /PRNewswire/ -- Second-quarter net income attributable to MPC of $5.1 billion, or $17.73 per diluted share $8.5 billion of adjusted EBITDA, with strong commercial and operational performance across the system Executing value-enhancing capital strategy; El Paso and Robinson yield-enhancing investments online in 2Q26, extending the competitive position of these refinin...
The top five performing iShares ETFs in July highlight strong returns in specialized market segments. Driven by gains in China large-caps, positive Ethereum momentum, and renewed geopolitical tensions leading to higher oil prices, July performance leadership came from a diverse range of asset classes.
Why oil prices aren't even higher despite recent escalations. The new pipelines reshaping global energy flows.
FINDLAY, Ohio, July 29, 2026 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $1.00 per share on common stock. The dividend is payable Sept.
Energy stocks are having a big month as oil prices surge on Iran war fears — but it's not solely the conflict in the Middle East that makes the sector appear attractive.