MPC
Marathon Petroleum Corporation
October 1, 2026 · market open
- Rarity
- 1.39
- Peak move
- +6.33%
- Float cap
- $116.3B
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 move- Key event
export_controlChina suspended most October refined-product exports to rebuild domestic inventories, with PetroChina cancelling gasoline and jet fuel cargoes and Zhejiang Petrochemical halting shipments, permitting exports only to Hong Kong and Macau.
- Key event
commodity_eventBrent crude for December delivery rose above $100 a barrel, up about 2.2-2.4%, after Chinese refiners suspended most October refined-fuel exports beyond Hong Kong and Macau.
export_controlThe Trump administration told Germany and France to draw down emergency diesel inventories or face a possible US diesel export ban, as US diesel prices reached a record roughly $6.50 a gallon.
analyst_ratingTD Cowen analyst Jason Gabelman raised the price target on Marathon Petroleum to $450 from $375 while maintaining a Buy rating, adjusting refining-sector targets in a Q3 earnings preview and shifting terminal values to 2028 estimates.
analyst_ratingUBS reiterated a Buy rating and $450 price target on Marathon Petroleum after hosting Boston investor meetings with MPC and MPLX management, who expressed a constructive view on 2026 refining macro prospects.
policy_changeThe White House held emergency talks on restricting US diesel exports and notified allies including the UK that supplies could be disrupted, while oil majors lobbied against a ban and Trump had not decided.
- Key event
commodity_eventBrent crude climbed to $105 per barrel as stalled Strait of Hormuz negotiations over Iran's phased reopening proposal and the prospect of US diesel export restrictions tightened global energy markets, with the US diesel crack spread falling over 15% in a week from $113 to $96 per barrel.
policy_changeThe White House rejected a Politico report that it was preparing a 90-day halt on US diesel exports, even as President Trump backed keeping US diesel domestic and Treasury Secretary Scott Bessent said the administration was studying a full or partial ban.
commodity_eventAsian and Middle Eastern gasoil markets tightened on possible US diesel export restrictions, with the Singapore gasoil swap crack against Dubai crude hitting a record $83.02/b on Sept 16 and averaging $73.14/b in September.
policy_changePresident Trump said he is considering a ban on US diesel exports 'very seriously' to curb record diesel prices, while Energy Secretary Chris Wright weighed voluntary export restraint; analysts estimate a ban would force US refiners to cut crude runs by about 2 million bpd.
commodity_eventUS retail diesel prices hit a record $6.53 a gallon amid the US-Iran war and Ukrainian strikes on Russian refineries, with WTI crude trading as much as $12.02 a barrel below Brent.
commodity_eventBrent crude futures rose nearly 4% to settle around $103 per barrel, snapping a five-day losing streak after an attack on a cargo vessel in the Strait of Hormuz, while WTI November futures gained 1.8% to $92.16.
commodity_eventBrent crude futures hovered near $100 a barrel and WTI around $90 after President Trump floated a US diesel export ban at the UN General Assembly, with US retail diesel at a record $6.52 a gallon.
policy_changeRepresentative Tim Burchett introduced legislation for a 90-day ban on US diesel exports, backed by Senate Majority Leader John Thune and President Trump, with Treasury Secretary Bessent confirming the administration is assessing a full or partial ban.
commodity_eventUS retail diesel prices hit a record $6.06 per gallon (later $6.52), driven by Middle East conflict and Ukrainian strikes on Russian refineries, with US distillate inventories at the bottom of the five-year range.