Why Are Oil Stocks Down Today?

02:17pm, Wednesday, 04'th Oct 2023
There's a key question many investors in the market are asking right now — why are oil stocks down today? Perhaps the more specific question should be: Why is the price of oil plunging today?
Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Let's take a deep look into the S&P 500's top sector for the third quarter of 2023 - Energy - and its high flyers MPC, PSX, HAL, VLO and APA.
Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
Higher oil prices are typically bad news for the downstream oil and gas industry. But refiners have been able to pass along costs, as evidenced by their margins and earnings.
FINDLAY, Ohio , Sept. 12, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, October 31, 2023, at 11 a.m.

Refiner Stocks Surge on Diesel Price Spike

12:51pm, Monday, 11'th Sep 2023
Refineries are benefiting from a shift in crude exports. Both Saudi Arabia and Russia have cut their oil production---to prop up oil prices.
Marathon Petroleum's history goes back to the days of the Lima, Ohio oilfields. The outlook for the industry remains strong as crack spreads have remained elevated in 2023. The company has an aggressi
Relative strength focuses on stocks that have performed well compared to the market as a whole or another relevant benchmark. And by targeting those displaying this favorable price action, investors c
Although high-flying tech startups offer far greater upside potential, for those interested in playing the long game, the best large-cap stocks may be your ticket to sustained success. To be fair, com
Marathon (MPC) plans to reduce capacity at its Garyville refinery in Louisiana after a recent fire incident. It is also working on bringing operations to normal levels.
Marathon (MPC) announces the shutdown of its Garyville units, owing to a fire and naphtha leakage.

The Refinery Sector May Be Poised For Pullback

07:50am, Thursday, 24'th Aug 2023
Refiners, companies that process energy commodities, have quietly outperformed the stock market this year. Bank of America downgraded the refinery sector, citing a shift in the risk-reward dynamic and
Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.
While energy stocks have suffered amid the Federal Reserve's efforts to contain inflation, the segment has witnessed a resurgence. According to a CNN report earlier this month, oil prices have jumped
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