US refiners boosting fuel output past 90% of capacity for summer driving season [Yahoo! Finance]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Yahoo! Finance
the remainder of the quarter after completing planned overhauls, said analysts contacted by Reuters. Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA. The nationwide average price for a gallon on regular gasoline was $3.559 on Friday, just below the $3.576 of a year-ago, AAA said. During January and February, the latest months for which data is available, U.S. refineries ran at an average 86% of their combined processing capacity of 18.1 million barrels per day (bpd), according the U.S. Energy Information Administration (EIA). "If we had to put a number on it, maybe around 90% would be a fair forecast for Q2 2024,” said Matthew Blair, downstream research director at financial firm Tudor, Pickering, Holt and Co. Refiners were completing overhauls in April, Blair said, and have ramped up production in May. The 90% target is below the industry's 93% capacity achieved in the second quarter of 2023, according to the
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MPC
News
- U.S. crude imports touch two-year high despite lukewarm demand [Yahoo! Finance]Yahoo! Finance
- Declining Stock and Solid Fundamentals: Is The Market Wrong About Marathon Petroleum Corporation (NYSE:MPC)? [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (MPC) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum Co. (NYSE: MPC) had its price target lowered by analysts at Mizuho from $203.00 to $201.00. They now have a "neutral" rating on the stock.MarketBeat
- Franklin Mountain Co-founder Paul Foster Steps Down as ERCOT Board Chair [Yahoo! Finance]Yahoo! Finance
MPC
Earnings
- 4/30/24 - Beat
MPC
Sec Filings
- 5/13/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- MPC's page on the SEC website