Marathon Petroleum: Buybacks Outweigh Q3 Noise

Core Viewpoint - Marathon Petroleum's shares have increased by 35% over the past year due to an improved refining environment, but experienced a 6% drop in early trading following an unexpected earnings miss attributed to weak capture [1] Company Performance - The company reported a surprising earnings miss, which led to a 6% decline in share price during early trading [1] - Over the past year, shares of Marathon Petroleum have performed strongly, gaining 35% [1] Market Environment - The refining environment has improved considerably, contributing to the strong performance of Marathon Petroleum's shares [1]