Marathon Petroleum (MPC) ended the recent trading session at $171.75, demonstrating a -1.19% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%. Shares of the refiner witnessed a gain of 1.71% over the previous month, beating the performance of the OilsEnergy sector with its gain of 0.93% and underperforming the S&P 500's gai ...

Marathon Petroleum Corporation (MPC) is a major player in the U.S. petroleum industry, handling refining, marketing and transporting petroleum products. With a significant presence in key regions, including the Gulf Coast, Midwest and West Coast, MPC operates a highly integrated refining system that efficiently processes crude oil into a wide range of products, including gasoline, diesel, jet fuel and petrochemicals. The company's extensive network of assets, including refineries, pipelines and storage faci ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Marathon Petroleum (MPC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Marathon Petroleum currently has an average brokerag ...

Independent oil refiner and marketer Marathon Petroleum Corporation (MPC) reported second-quarter adjusted earnings per share of $4.12, which comfortably beat the Zacks Consensus Estimate of $3.04. The outperformance primarily reflects the stronger-than-expected performance of its Refining & Marketing segment. Operating income of the segment totaled $1.3 billion, surpassing the consensus mark of $1 billion. However, the company's bottom line fell from the year-ago adjusted profit of $5.32 due to a drop in r ...

1 Second Quarter 2024 Earnings Conference Call August 6, 2024 Forward-Looking Statements This press release contains forward-looking statements regarding MPC. These forward-looking statements may relate to, among other things, MPC's expectations, estimates and projections concerning its business and operations, financial priorities, strategic plans and initiatives, capital return plans, capital expenditure plans, operating cost reduction objectives, and environmental, social and governance ("ESG") plans and ...

Marathon Petroleum Corporation (NYSE:MPC) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, MPLX GP LLC David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Manav Gupta - UBS Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Carlos Escalante ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.01 MPC New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

Marathon Petroleum (MPC) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $5.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 35.53%. A quarter ago, it was expected that this refiner would post earnings of $2.53 per share when it actually produced earnings of $2.78, delivering a surprise of 9.88%. Over the last four quarters, the compa ...

Exhibit 99.1 Marathon Petroleum Corp. Reports Second-Quarter 2024 Results • Second-quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share • Adjusted EBITDA of $3.4 billion and net cash provided by operating activities of $3.2 billion, reflecting strong operational and commercial performance • Advanced Midstream growth; $1.6 billion segment adjusted EBITDA in the second quarter, up 6% yearover-year, focused in the Pe ...

FINDLAY, Ohio, Aug. 6, 2024 /PRNewswire/ -- Second-quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share Adjusted EBITDA of $3.4 billion and net cash provided by operating activities of $3.2 billion, reflecting strong operational and commercial performance Advanced Midstream growth; $1.6 billion segment adjusted EBITDA in the second quarter, up 6% year-over-year, focused in the Permian and Marcellus MPC received $5 ...