MPC
Marathon Petroleum Corporation
September 21, 2026 · intraday
- Rarity
- 1.43
- Peak move
- −5.73%
- Float cap
- —
Marathon Petroleum Corporation is an integrated downstream and midstream energy company that refines crude oil and other feedstocks and distributes refined products through terminals, pipelines, towboats and barges. It sells gasoline, distillates, renewable diesel and other products to wholesale marketing customers, spot-market buyers, Marathon-branded outlets and ARCO-branded dealers.
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What we found
15 events · 0 from SEC or newswire · 0 timed with the movecommodity_eventAsian 10-ppm diesel refining margins hit an all-time high above $87 a barrel, versus about $22 before the war and a prior peak of $85.6 at end-March, with front-month time spreads near a five-month high above $11 a barrel.
analyst_ratingGoldman Sachs maintained a Buy rating on Marathon Petroleum and raised its price target to $472 from $376, a 25.5% increase.
- Key event
commodity_eventThe US heating-oil crack spread hit a record $117 a barrel, the highest since Bloomberg began tracking in 2009, and US retail diesel reached a record $6.45 a gallon following Gulf export disruptions and a possible US export ban.
operational_disruptionUkrainian drones struck Gazprom Neft's Moscow refinery on Sept. 20, disabling the AVT-6 crude distillation unit and taking out about 245,000 barrels a day of processing capacity.
institutional_flowNykredit A/S disclosed a new position of $26.65 million in Marathon Petroleum Corporation (MPC) shares.
executive_remarkOn Marathon Petroleum's Q2 2026 earnings call, management said demand for gasoline, diesel and jet fuel remained strong and forecast the refining upcycle would persist through 2026 and into 2027.
- Key event
commodity_eventEuropean diesel's premium to North Sea crude broke above $100 a barrel in September, and Gulf and Russian diesel net exports in August were 1.6 million b/d below February, cutting global diesel exports to about 5.3 million b/d, down 26% year-over-year.
demand_signalUS distillate inventories were 15.8 million barrels on Sept. 11, 13% below the five-year seasonal average, with refinery utilization at 97% and net diesel exports at or above five-year highs since February.
- Key event
commodity_eventAs of September 15, Europe diesel crack spreads hit a record $88.34/bbl and jet fuel cracks topped $90/bbl, with a 1.3-1.4 million bpd global distillate deficit as Middle East and Russian supply contracted and US refinery utilization neared 98%.
commodity_eventWTI crude futures climbed to $106.75 a barrel on Sept. 15, the first close above $100 since May, as Middle East tensions intensified; the Singapore complex refining margin fell to $2.9 on Sept. 10 before rebounding to $9.82 by Sept. 16.
commodity_eventSaudi Arabia's East-West pipeline was taken offline after Sept. 10 attacks, removing a Hormuz bypass carrying roughly 4-5 million bpd; Aramco told European buyers they will receive no crude in October, and Brent rose to about $108/bbl.
commodity_eventUS diesel futures and European gasoil settled at record highs with retail diesel around $6.29-$6.40 a gallon and the diesel-gasoline spread widening past $60/bbl.
commodity_eventGoldman Sachs said refinery outages are 60% above seasonal norms and Russia extended its diesel export ban through September 30 after Ukrainian attacks on its refineries, while Asian refined-fuel imports fell to 5.1 million barrels per day in August.
buybackMarathon Petroleum repurchased 9,773,784 shares, 3.34% of its stock, for $2,500.33 million between April 1 and June 30, 2026.
operational_disruptionA power outage at ExxonMobil's Joliet refinery near Chicago, which typically produces about 11 million gallons of gasoline and diesel daily, compounded Midwestern fuel price spikes alongside the crude rally from the Saudi pipeline damage.