Exhibit 99.1 Marathon Petroleum Corp. Reports First-Quarter 2024 Results FINDLAY, Ohio, April 30, 2024 – Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $937 million, or $2.58 per diluted share, for the first quarter of 2024. In the first quarter of 2024, the company recorded an $89 million charge resulting from the quarterly fair-value remeasurement of outstanding performance-based stock compensation. This reduced diluted earnings per share by $0.20. This compares to n ...

FINDLAY, Ohio, April 30, 2024 /PRNewswire/ -- First-quarter net income attributable to MPC of $937 million, or $2.58 per diluted share; adjusted EBITDA of $3.3 billion Net cash provided by operating activities of $1.5 billion; safely and successfully completed largest planned maintenance quarter in MPC history, including at four of its largest refineries Advanced midstream growth strategy, with new processing plants in the Marcellus and Permian basins and acquisition of Utica midstream assets; MPLX dis ...

Marathon Petroleum (MPC) closed the latest trading day at $199.51, indicating a +0.19% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.46% for the day. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq depreciated by 0.64%.The the stock of refiner has risen by 1.09% in the past month, lagging the Oils-Energy sector's gain of 4.21% and overreaching the S&P 500's loss of 3.04%.The upcoming earnings release of Marathon Petroleum will b ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

Marathon Petroleum (MPC) closed at $196.38 in the latest trading session, marking a +0.7% move from the prior day. This change outpaced the S&P 500's 0.88% loss on the day. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.Shares of the refiner have depreciated by 2.1% over the course of the past month, underperforming the Oils-Energy sector's gain of 2.78% and outperforming the S&P 500's loss of 2.57%.Investors will be eagerly watching for the performance of Marathon Petroleum in its ...

Marathon Petroleum's (MPC) stock has been in breakneck mode this year, notching up a series of all-time highs, as the refiner and marketer of crude oil has benefited from strength in the Energy space. That being said, let's see if it's time to buy Marathon Petroleum's stock, which has now climbed around 40% year to date to easily top the S&P 500 and the Zacks Oil and Gas - Refining & Marketing industry. Image Source: Zacks Investment Research Higher Energy Prices Fuel the Rally Obviously, the recent rise in ...

Marathon Petroleum (MPC) closed the most recent trading day at $208.77, moving -1.65% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.46% for the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 1.63%.The the stock of refiner has risen by 12.32% in the past month, leading the Oils-Energy sector's gain of 8.14% and the S&P 500's gain of 1.6%.The investment community will be paying close attention to the earnings performance of Marathon ...

PhotoTalkThesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company's diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if it's time to cash out, or to see if more can be squeezed out of MPC? In this article, I will show how strong crack spreads, coupled with rising dis ...

Marathon Petroleum (MPC) closed the latest trading day at $216.25, indicating a +0.6% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.36%, and the Nasdaq, a tech-heavy index, lost 1.4%.Coming into today, shares of the refiner had gained 22.71% in the past month. In that same time, the Oils-Energy sector gained 9.61%, while the S&P 500 gained 1.61%.Market participants will be closely following the financial results of Marat ...

The first quarter of the year was a tale of two halves, with the energy sector leading the way from early February through the end of March. The theme has persisted as this week kicked off the start of Q2, with energy stocks continuing to shine bright.Image Source: Zacks Investment ResearchThis sector is leading the charge over the past 5 days as well as during the last month. The energy sector has advanced nearly 16% this year and is now lagging only communication services on a year-to-date basis. We also ...