Marathon Petroleum Corp (MPC)

Nov 11, 2026

Shares of Delek US Holdings Inc. gained 4% after Freedom Broker upgraded the independent refiner to Buy from Hold, citing a strong operational backdrop and an attractive entry point. Analyst Sergey Pigarev lifted his price target to $88, noting the company's robust third-quarter performance, expanded margins, and significant debt reduction. Delek also increased its quarterly dividend and announced share repurchases, with a strengthened balance sheet providing durable downside support.

Nov 9, 2026

International Assets Investment Management LLC significantly increased its stake in MPLX LP by 264.5% in the third quarter, bringing its total holdings to 30,000 shares valued at approximately $1.69 million. MPLX, a diversified midstream energy company, reported slightly better-than-expected quarterly earnings at $1.15 per share and raised its quarterly dividend to $1.2111 per share, offering an annualized yield of about 8.7%. Analysts currently have a "Moderate Buy" consensus rating for the stock with an average price target of $63.90.

Nov 7, 2026

Brazil's state-controlled oil producer Petrobras achieved record oil and gas production and near-full refinery capacity in the third quarter, mitigating global energy market disruptions caused by the Iran war. This output growth, including new deep-water platforms, has helped Brazil cushion consumers from soaring fuel costs through subsidies and tax cuts. However, with Brent crude above US$110 a barrel, Petrobras faces increasing pressure to raise its fuel prices to align with international benchmarks.

Nov 7, 2026

Delek US Holdings Inc (DK) reported strong Q3 2026 earnings, including record net income of ~$1.13 billion and adjusted EBITDA of ~$1.28 billion. The company raised its Enterprise Optimization Plan (EOP) target to at least $250 million annually and increased its quarterly dividend by 18% to $0.30 per share. Despite a net working capital outflow, the company moved to a net cash position and expects significant SRE proceeds in Q4 2026.

Nov 7, 2026

Marathon Petroleum is selling its St. Paul Park, Minnesota, and Mandan, North Dakota refineries, along with related infrastructure, to Texas-based CVR Energy for $4.2 billion. This transaction raises significant questions for Minnesota regarding the future of approximately 375 jobs, fuel supply stability, environmental oversight, and the long-term direction of a key industrial facility. The sale is part of Marathon's strategy to reallocate investments to other regions and is expected to close by the end of 2026, pending regulatory review.

Nov 6, 2026

An investment of $100 in Marathon Petroleum (NYSE: MPC) five years ago would be worth $567.60 today, demonstrating the significant impact of compounded returns. The company has outperformed the market over this period, with an average annual return of 40.9%. Marathon Petroleum currently has a market capitalization of $110.15 billion.

Nov 6, 2026

The Iran conflict has caused tanker rates to skyrocket, leading to deeper discounts on heavy crude grades. This situation benefits US Gulf Coast refiners, who can access discounted domestic heavy crude, giving them a cost advantage over Asian competitors facing higher freight and insurance costs. US refiners are well-positioned for strong margins through at least mid-2027 due to these factors and advance shipping arrangements.

Nov 6, 2026

This "Deal Dispatch" report covers significant merger and acquisition activities, including Salesforce's agreement to acquire Cresta, CrowdStrike's purchase of two AI cybersecurity startups for $495 million, and Dropbox's acquisition of Tigris Data. The report also highlights financial struggles, with Innventure evaluating capital-raising options and workforce reductions, and bankruptcy filings from The Children’s Place and Out West Restaurant Group, the latter of which operates Outback Steakhouse locations.

Nov 6, 2026

Marathon Petroleum Corp. (MPC) shares dropped 1.21% on Friday, closing at $372.74, marking its fifth consecutive day of losses. This underperformance occurred on a mixed trading day where the S&P 500 Index rose, but the Dow Jones Industrial Average fell. The stock's decline contrasted with some market gains, indicating a weaker performance relative to competitors.

Nov 6, 2026

Delek US Holdings reported strong Q3 2026 financial results with a net income of $1.13 billion and adjusted EBITDA of $1.28 billion, driven by refining margins and strategic initiatives. The company plans to increase shareholder returns through an 18% dividend hike and $100 million in share buybacks, supported by a strong balance sheet and disciplined capital allocation. Management also highlighted successful navigation of market volatility, progress in their Enterprise Optimization Plan, and benefits from Small Refinery Exemptions.

Nov 6, 2026

Global law firm Dechert advised private equity firm Court Square Capital Partners and Offen Petroleum on the sale of Offen to Sunoco LP for approximately $600 million in an all-cash transaction. This deal, led by corporate partner Eric Siegel, is expected to strengthen Sunoco’s presence across the US fuel distribution market and provide immediate cash flow. The transaction is anticipated to close in the fourth quarter of this year, pending regulatory approvals.

Nov 6, 2026

Calumet (CLMT) reported a record-breaking quarter, significantly surpassing Street estimates with earnings of $4.65 per share against a $1.21 consensus and revenue of $1.683 billion. Much of this success stemmed from an unusually tight specialty market, which management cautions is not a new norm, indicating a need to convert this cyclical windfall into a stronger balance sheet. Despite impressive operating improvements and debt reduction, concerns remain regarding a weaker upcoming quarter, potential fading of peak specialty margins, and negative stockholders' equity.

Nov 5, 2026

Shares of Marathon Petroleum Corp. (MPC) fell 3.91% on Thursday, closing at $377.32, amidst a broad market decline where the S&P 500 Index and Dow Jones Industrial Average also experienced significant losses. This marked the fourth consecutive day of losses for the stock. The underperformance was noted against its competitors and the overall market trend.

Nov 5, 2026

Two analysts have issued bullish sentiments on energy companies Ovintiv (OVV) and Marathon Petroleum (MPC). Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Buy rating on Ovintiv with a $90.00 price target, while Joe Laetsch from Morgan Stanley maintained a Buy rating on Marathon Petroleum with a $458.00 price target. The consensus for Ovintiv is a Strong Buy with a 17.1% upside, and for Marathon Petroleum, it is a Moderate Buy with a 6.4% upside.

Nov 5, 2026

Valero Energy Corporation (VLO) is set to acquire LyondellBasell's former Houston refinery for $320.5 million, aiming to enhance its U.S. Gulf Coast refining operations. This acquisition, expected to close by year-end 2026, will integrate with Valero's existing Houston facility, allowing for the restart of 165,000 BPD light sweet crude processing capacity by late 2027 and offering opportunities for high-complexity processing of heavy sour crude. The deal is anticipated to strengthen Valero's competitive position and build on its strong operational performance and financial flexibility.

Nov 4, 2026

Oil stocks like Chevron (CVX), Marathon Petroleum (MPC), and Exxon Mobil (XOM) saw significant drops after Democrats secured control of the U.S. Senate in the midterm elections. This outcome raises concerns for oil companies, as a Democrat-led Senate may prioritize clean energy and potentially push to end the war in the Middle East, which could lead to falling oil prices and the reopening of the Strait of Hormuz. Despite the recent dips, analysts still rate CVX as a Strong Buy, with MPC and XOM receiving Moderate Buy ratings, though these assessments may shift following the election results.

Nov 4, 2026

Shares of Marathon Petroleum Corp. (MPC) fell 8.11% on Wednesday, underperforming the broader stock market, which saw the S&P 500 Index and Dow Jones Industrial Average rise significantly. This marked the third consecutive day of losses for the stock.

Nov 4, 2026

Marathon Petroleum's third-quarter earnings exceeded expectations due to strong operating performance and a robust market, driven by refining disruptions in the Middle East and Russia. The company agreed to divest its St. Paul, MN, and Mandan, ND, refineries and associated midstream assets for $4.2 billion, which will further concentrate its portfolio on the attractive Gulf Coast. Despite strong near-term margins, Morningstar views Marathon Petroleum shares as significantly overvalued relative to midcycle expectations.

Nov 4, 2026

Valero Energy Corporation is acquiring LyondellBasell's former Houston refinery facility for $320.5 million to expand its refining operations along the U.S. Gulf Coast. This deal, expected to close by year-end 2026, aims to restart 165,000 BPD of light sweet crude processing capacity by year-end 2027 and enhance feedstock flexibility. The acquisition is poised to reinforce Valero's competitive position and support long-term profitability, building on strong operational performance in Q3 2026.

Nov 4, 2026

Diamondback Energy (FANG) reported strong third-quarter 2026 results, surpassing analyst estimates for both earnings and revenue, driven by higher realized oil prices and increased production volumes. The company's total production averaged over 1 million BOE/d, and it generated significant free cash flow. FANG also increased its quarterly dividend and repurchased shares and senior notes, while raising its full-year production guidance.

Nov 4, 2026

Marathon Petroleum Corporation and MPLX LP have announced the sale of their Mandan refinery, along with the St. Paul Park refinery in Minnesota, to CUR Energy, Inc. for $4.2 billion plus inventory. Marathon will receive $3.5 billion for refining operations, and MPLX will get $750 million for midstream assets. The sale allows Marathon to reinvest in its Gulf Coast operations and other growing basins, with the deal expected to close by the end of 2026 pending federal regulatory review.

Nov 4, 2026

CVR Energy, Inc. has announced a definitive agreement to acquire Marathon Petroleum Corp.'s St. Paul Park, Minnesota, and Mandan, North Dakota refineries, along with Marathon’s related marketing business, for approximately US$4.2 billion. This acquisition is expected to significantly boost CVR Energy's asset portfolio and financial performance, including a projected 105% accretion in earnings per share for stockholders, leveraging current favorable market conditions. The transaction, unanimously approved by CVR Energy’s Board, is anticipated to close by the end of 2026, subject to customary closing conditions and regulatory clearance.

Nov 4, 2026

Mirae Asset Global Investments Co. Ltd. acquired 149,620 shares of HF Sinclair Corporation (NYSE:DINO) in the third quarter, a new stake valued at approximately $16.1 million. This purchase represents about 0.08% of the company's stock. HF Sinclair recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $0.525 per share.

Nov 4, 2026

Carl Icahn's CVR Energy has agreed to purchase two refineries from Marathon Petroleum for $4.2 billion. This deal, confirmed Tuesday, follows an earlier report by The Wall Street Journal and comes at a time when global conflicts have increased sales for U.S. refiners. CVR Energy is controlled by the investor Carl Icahn.

Nov 4, 2026

A pollution-control project at Chevron's Richmond, California refinery faced years of delays due to a legal challenge, despite estimates that the facility's emissions contribute to over 11 early deaths annually. The Bay Area Air District had approved a rule in 2021 requiring Chevron and Martinez Refining Company to install wet gas scrubbers to limit particulate pollution, but both companies sued before eventually withdrawing their lawsuits. A combined $138 million settlement was reached with the air district in February 2024, creating a Community Air Quality Fund for the Richmond area.

Nov 4, 2026

Marathon Petroleum Corp. reported a profitable third quarter for its renewable diesel segment. This announcement was made on November 4, 2026, and highlights the company's success in this growing sector. The financial performance of the renewable diesel segment contributes to Marathon's overall positive outlook.

Nov 3, 2026

Icahn Enterprises reported a net loss of $225 million for Q3 2026, a reversal from a profit in the prior year, despite a rise in revenue to $3.17 billion. The company's adjusted EBITDA swung to a $214 million loss due to significant refining-hedge losses. Despite the quarterly loss, Icahn Enterprises maintained its $0.50 quarterly distribution, and its subsidiary CVR Energy announced a $4.2 billion acquisition of two refineries.

Nov 3, 2026

Sunoco LP announced record financial results for the third quarter of 2026, with net income tripling to $499 million compared to the previous year. CEO Joseph Kim attributed this success partly to the Parkland acquisition in November 2025, which diversified their portfolio and expanded their reach. The company also exceeded its acquisition spending goals for 2026 and anticipates continued growth in 2027 and beyond.

Nov 3, 2026

CVR Energy Inc., based in Sugar Land, is set to acquire two refineries from Marathon Petroleum in a $4.2 billion deal. This acquisition will nearly double CVR Energy's refining capacity and expand its operational footprint into the Upper Midwest and Northern Great Plains, adding to its existing refineries in Kansas and Oklahoma.

Nov 3, 2026

Mirae Asset Global Investments Co. Ltd. recently acquired 81,542 shares of Marathon Petroleum Corporation (NYSE:MPC) valued at approximately $32.24 million in the third quarter. Other institutional investors also increased their stakes in the oil and gas company, with 76.77% of the stock now owned by institutional investors. Marathon Petroleum reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $1.00 per share.

Nov 2, 2026

Marathon Petroleum Corp. (MPC) stock dropped 3.22% to $430.39 on Monday, performing better than the overall market despite the loss, with the Dow Jones Industrial Average rising and the S&P 500 falling. The company's shares are currently 12.87% below their 52-week high of $493.98, which was reached on October 19th.

Nov 2, 2026

Marathon Petroleum (NYSE: MPC) has significantly outperformed the market over the past 15 years, achieving an average annual return of 23.37%. An initial investment of $1000 in MPC stock 15 years ago would now be valued at $22,853.55. This performance highlights the substantial impact of compounded returns on investment growth over time.

Nov 2, 2026

Oceaneering International (OII) expects significant growth in international offshore markets in 2027, particularly in Brazil, Guyana, and various African regions like Mozambique. The company anticipates increased deepwater activity and demand for its Subsea Robotics and Offshore Projects Group services. OII has initiated 2027 EBITDA guidance of $430-$480 million and secured $180 million in new contracts, reinforcing its positive outlook despite potential geopolitical influences.

Nov 1, 2026

Delek Logistics Partners (NYSE:DKL) has announced a 0.4% increase in its quarterly dividend to $1.14 per share, resulting in an annualized dividend of $4.56 and an 8.1% yield. The ex-dividend date is November 3rd, with payments to be made on November 10th. Although the current payout ratio of 104.8% indicates earnings don't fully cover the dividend, analysts anticipate this will improve to 70.3% next year.

Nov 1, 2026

Valero Energy Corporation is acquiring LyondellBasell's former Houston Refinery site for $320.5 million and plans to restart 165,000 barrels per day of processing capacity by the end of 2027. This strategic acquisition expands Valero's Gulf Coast refining footprint amidst strong refining margins and aligns with broader U.S. administration efforts to boost domestic fuel capacity. The deal is expected to be accretive for Valero shareholders, providing low-cost capacity, while offering longer-term benefits for consumers through increased fuel supply.

Oct 31, 2026

Greatmark Investment Partners Inc. reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 4.6% in the third quarter, selling 7,369 shares. Despite this, institutional investors collectively own 76.77% of MPC, and analysts maintain a "Moderate Buy" rating with an average price target of $424.31. Marathon Petroleum also reported strong quarterly results and a $1.00 quarterly dividend.

Oct 30, 2026

ExxonMobil CEO Darren Woods stated that global refining markets may take longer than 2027 to recover from disruptions caused by Middle East supply issues and Russian refinery outages. The company reported strong third-quarter results, reaching its Permian production target early, and expects long-term growth driven by Guyana, exploration, and Product Solutions. ExxonMobil also announced a 4% dividend increase, marking its 44th consecutive year of increases, and reaffirmed plans for $20 billion in share repurchases in 2027.

Oct 30, 2026

America's largest oil companies, ExxonMobil and Chevron, reported record third-quarter profits, driven by disruptions in global energy markets due to conflicts in Russia and the Middle East. Their fuel-making divisions achieved their highest-ever quarterly earnings as they supplied a volatile global market. Both companies are increasing diesel production to meet demand, with U.S. diesel prices reaching record highs in September.

Oct 30, 2026

ExxonMobil and Chevron both exceeded third-quarter earnings and revenue estimates, driven by elevated oil prices and strong production. ExxonMobil benefited from record output in Guyana and the Permian Basin and high utilization at its Gulf Coast refineries, while Chevron saw increased production from its Eastern Mediterranean and Australian assets, along with an accounting change to include Venezuelan production. Both companies are navigating a volatile market influenced by global conflicts and rising fuel costs, with ExxonMobil also announcing a dividend increase and stock buyback program.

Oct 30, 2026

Carlyle Group and the European Bank for Reconstruction and Development (EBRD) are selling their Romanian offshore natural gas producer, Black Sea Oil & Gas (BSOG), to Mazarine Energy. BSOG is Romania's largest offshore gas producer, supplying approximately 10-12% of the country's gas needs. This transaction, which is pending regulatory approval, reflects continued international investor confidence in Romania's strategic energy sector.

Oct 30, 2026

Chevron and ExxonMobil reported surging third-quarter profits, reaching all-time stock highs, driven by their U.S. refineries ramping up production to capitalize on high global diesel fuel prices. The increase in diesel prices is attributed to attacks on refineries in Russia and the Middle East by Ukraine, Iran, and Houthi militants, leading to reduced global capacity and increased reliance on U.S. Gulf Coast refineries. Both companies significantly beat Wall Street expectations, with Exxon's profits doubling and Chevron's net income surging nearly 200%.

Oct 30, 2026

HF Sinclair Corp. has announced that Steve Ledbetter, currently president and chief operating officer, will become the permanent CEO and president on January 1, succeeding Franklin Myers. Myers will continue as CEO through the transition and then serve as executive chairperson to advise on the planned separation of the lubricants and specialties segment. Ledbetter's appointment follows a deliberate succession planning process, with the board citing his deep understanding of the company's businesses and his track record of improving safety, reliability, and cost efficiency.

Oct 30, 2026

ExxonMobil and Chevron both exceeded quarterly profit expectations due to a surge in refining margins, driven by global energy market disruptions from the US-Israeli war with Iran and the Russia-Ukraine war. For the first time in at least six years, Exxon earned more from refining than from exploration and drilling. Both companies are utilizing their increased cash flow to reduce debt rather than significantly raising dividends or increasing share buybacks.

Oct 30, 2026

Oppenheimer & Co. Inc. significantly increased its stake in MPLX LP by 153.4% in the third quarter, now holding 61,864 shares valued at $3.48 million. Other institutional investors also adjusted their positions, collectively owning 24.25% of the company. MPLX recently raised its quarterly distribution by 12.5% to $1.2111 per unit, offering an attractive yield, and reported Q3 earnings that met analyst estimates while revenue rose 10.3% year-over-year.

Oct 29, 2026

Bokf Na reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 12.5% during the third quarter, selling 10,575 shares and leaving them with holdings valued at $29.317 million. Other institutional investors also adjusted their positions, and analysts have set an average price target of $424.31 for the stock, with a "Moderate Buy" consensus rating. Marathon Petroleum reported strong third-quarter earnings, beating analyst estimates, and increased its quarterly dividend by 10%.

Oct 29, 2026

Brazilian state-run oil firm Petrobras reported a significant increase in its third-quarter oil, gas, and gas liquids production, reaching 3.51 million barrels of oil equivalent per day, an 11.7% rise year-on-year. This figure surpassed analyst expectations, driven by peak output from new offshore platforms and record monthly production from Almirante Tamandare. The company also achieved record exports of oil and derivatives, with China accounting for 40% of its oil purchases.

Oct 28, 2026

Marathon Petroleum Corp.'s board of directors has declared a quarterly dividend of $1.10 per share on common stock, representing a 10% increase from its previous dividend. This dividend is payable on December 10, 2026, to shareholders of record as of November 18, 2026. The company, headquartered in Findlay, Ohio, is a leading integrated downstream and midstream energy company.

Oct 28, 2026

Refiner stocks experienced their worst single-day collapse since the April 2025 tariff shock, with Valero, Marathon Petroleum, and Phillips 66 losing approximately $29 billion in market value. This dramatic selloff occurred despite Valero reporting its most profitable quarter in history, suggesting investors are pricing in a peak in refining margins. The decline was driven by fuel futures falling faster than crude prices and concerns about increased supply, which threatens to shrink the profit gap for refiners.

Oct 28, 2026

Marathon Petroleum, Valero Energy, Phillips 66, and HF Sinclair all saw significant stock drops today, despite the S&P 500 rising. The decline is attributed to a pullback in crude oil prices, fueled by eased U.S.-Iran relations, which previously contributed to record refining margins. Although refiners were already trading at low forward P/E multiples, the market's response suggests investors anticipate these "wartime margins" to fade, making Marathon Petroleum a potential buy for those comfortable with volatility ahead of its third-quarter report.

Oct 28, 2026

Phillips 66 reported strong Q3 2026 financial results with $5.6 billion in adjusted earnings and $7.3 billion in operating cash flow, driven by 98% refining utilization and record distillate yield. The company is committed to returning over 50% of net operating cash flow to shareholders, including a recent 10.8% dividend increase, and is advancing strategic growth projects in Midstream and Chemicals. Phillips 66 also reduced debt by $2 billion, achieving its 2027 net debt to capital ratio target ahead of schedule, and anticipates continued strong performance into Q4 2026.

Oct 28, 2026

MPLX Lp (NYSE:MPLX) has declared a quarterly dividend of $1.2111 per share, representing a 12.5% increase from its previous dividend. This translates to an annualized dividend of $4.84 and an 8.3% yield. The company has a history of nine consecutive years of dividend increases, though its payout ratio indicates tight coverage.