MPC
Marathon Petroleum Corporation
October 8, 2026 · pre-market open
- Rarity
- 1.21
- Peak move
- +5.79%
- Float cap
- $130.1B
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.
Where do you see this going?
no votes yetVoting closed at 4:00 PM ET.
What we found
16 events · 0 from SEC or newswire · 0 timed with the moveanalyst_ratingMizuho analyst Nitin Kumar raised the price target on Marathon Petroleum to $457 from $304 while keeping a Neutral rating, lifting refiner targets about 40% on average on higher and longer-lasting crack spread assumptions.
commodity_eventTropical Storm Isaias headed for the US Gulf Coast, prompting operators to shut in about 512,000 bpd of Gulf oil and 16% of Gulf natural gas, with about 2.7 million bpd of refining capacity in the risk zone.
institutional_flowVenture Visionary Partners LLC cut its Marathon Petroleum stake by 9.4% in the third quarter, selling 2,969 shares and retaining 28,489 shares worth about $11.3 million.
institutional_flowNorth Point Portfolio Managers Corp OH reduced its Marathon Petroleum stake by 25.8% in the third quarter, selling 15,736 shares and holding 45,223 shares worth about $17.9 million.
- Key event
commodity_eventUS retail diesel set a record $6.53 a gallon in late September and stood near $6.30 on Oct. 7, with European gasoil up about 6% and prompt diesel cracks pushing back toward $80 a barrel amid Gulf refinery outages.
- Key event
peer_disclosureShell said its third-quarter refining margin is set to hit a record $42 a barrel, up from $24 in the second quarter, and lifted its Q3 integrated gas production forecast to 740,000-780,000 boe/d.
operational_disruptionMarathon Petroleum held a community meeting in El Paso where general manager Les Davis discussed the cause of an Aug 4 emissions event at the company's El Paso refinery that released over 15 tons of pollutants.
commodity_eventHouthi attacks on Saudi airports at Jazan and Najran helped push Brent crude up 0.8% to $101.39 and WTI to $90.05 on 7 October, with US distillate inventories 14% below the five-year average.
- Key event
commodity_eventUS commercial crude oil stocks fell 3.2 million barrels to 424.1 million barrels in the week ended Oct. 2, against expectations of a 1.7 million-barrel build, as refinery utilization rose to about 92.7%.
operational_disruptionVenezuela halted the Cardon refinery, its second-largest at 310,000 barrels per day, after a fire sparked by a ruptured natural gas line, state oil company PDVSA said.
commodity_eventGoldman Sachs said global diesel and jet fuel crack spreads will average at least $40 a barrel next year, more than double the usual ~$20, as refining capacity cannot keep up.
commodity_eventCrude flows through the Strait of Hormuz averaged about 10.3 million barrels a day in the week to Saturday, 76% of pre-war levels per Kpler, while refined product shipments were only about 1.3 million bpd as Gulf refineries stay offline.
policy_changePresident Trump signed an executive order allowing off-road red-dyed diesel for highway use and directing Treasury to defer the 24.4-cent-per-gallon federal diesel excise tax through Dec 31, 2026, without interest or penalties.
commodity_eventRefining margins hit record highs as the benchmark U.S. 3-2-1 crack spread climbed above $60/bbl and diesel cracks neared $100/bbl after drone strikes and Middle East outages removed roughly 9.5% of global refining capacity.
geopoliticalYemen's Houthis threatened to target all civilian flights using Saudi airspace and claimed attacks on Riyadh's King Khalid airport and Saudi Aramco's Rabigh refinery, prompting EU aviation regulators to advise airlines to avoid parts of the Jeddah flight information region.
commodity_eventThe G7 agreed to release up to 100 million barrels of crude oil and diesel from emergency reserves over four months via the IEA, frontloading diesel within the first 20 days, to cool record fuel prices.