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Why Marathon Petroleum Stock Popped Nearly 12% in January
MPCMarathon(MPC) The Motley Fool·2024-02-05 14:29

Shares of Marathon Petroleum (MPC -0.72%) rallied 11.6% in January, according to data provided by S&P Global Market Intelligence. The main factor fueling the double-digit rise in the refining stock was its strong fourth-quarter results. The company also plans to trim its investment spending this year, which would, depending on market conditions, increase its free cash flow and ability to return money to shareholders. A solid end to another solid yearMarathon Petroleum reported its fourth-quarter and full-ye ...