OSLO, Norway, May 28, 2024 /PRNewswire/ -- Highlights Commenting on MPCC's results in the first quarter, Co-CEO and CFO Moritz Fuhrmann said: "MPCC delivered robust operational and financial performance in the first quarter. Our revenues were bolstered by high utilization, driven by the rescheduling of several dry-docks to the latter half of the year. We maintained a strong balance sheet, operating with low leverage of 13.2% and with net debt of negative USD 22.4 million at the end of the quarter, reflectin ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Marathon Petroleum (MPC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. Marathon Petroleum is one of 249 individual stocks in the Oils-Energy s ...

Shares of Marathon Petroleum (MPC) have been struggling lately and have lost 14.4% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullis ...

FINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced its leadership transition plan, with all positions effective August 1, 2024. At that time, MPC President Maryann T. Mannen will succeed Michael J. Hennigan as Chief Executive Officer and will join the Board of Directors; Hennigan will transition from CEO to Executive Chairman of the Board; and, continuing as the Board's strong independent voice, MPC Chairman John Surma has been elected to serve as Lead Director. ...

Marathon Petroleum (MPC) has been on a downward spiral lately with significant selling pressure. After declining 14% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find s ...

Marathon Petroleum (MPC) has been on a downward spiral lately with significant selling pressure. After declining 16.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a s ...

Independent oil refiner and marketer Marathon Petroleum Corporation (MPC) reported first-quarter adjusted earnings per share of $2.78, which comfortably beat the Zacks Consensus Estimate of $2.53. The outperformance primarily reflects the stronger-than-expected performance of its Refining & Marketing segment. Operating income of the segment totaled $766 billion, surpassing the consensus mark of $660 million.However, the company’s bottom line fell from the year-ago adjusted profit of $6.09 due to a higher un ...

Marathon Petroleum Corporation (NYSE:MPC) Q1 2024 Results Conference Call April 30, 2024 11:00 AM ET Company Participants Kristina Kazarian - Investor Relations Mike Hennigan - Chief Executive Officer Maryann Mannen - President John Quaid - Chief Financial Officer Rick Hessling - Chief Commercial Officer Conference Call Participants Neil Mehta - Goldman Sachs Manav Gupta - UBS Paul Cheng - Scotiabank John Royall - JPMorgan Jason Gabelman - TD Cowen Roger Read - Wells Fargo Matthew Blair - TPH Theresa Chen - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Marathon Petroleum Corporation 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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35054 Indicate by check mark whether the registrant has submitted electronicall ...