NYSE:MPCOil and Gas
Marathon Petroleum (MPC) Stock Can Refining Strength Outrun Softer Forecasts
Marathon Petroleum stock edged about 2% higher to roughly US$313 after the market digested a Q2 earnings jolt that is hard to ignore. The company printed quarterly earnings per share of about US$17.78 and net income of roughly US$5.1b, powered by a very strong refining and marketing performance.
The key story for you as a shareholder is the strength of that refining profit engine versus what analysts see over the next few years. Today’s pop sits against forecasts that call for meaningful...