Oil prices jumped 5% overnight as OPEC+ announced a surprise production cut of 1.65 million barrels per day. The cut will start in May and last through the end of the year.
Analysts are raising their earnings projections for Marathon Petroleum (MPC), which has strong growth prospects. Its share performance has been rock-solid.
According to the average brokerage recommendation (ABR), one should invest in Marathon Petroleum (MPC). It is debatable whether this highly sought-after metric is effective because Wall Street analyst

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Last week OPEC publicly committed to significantly cutting production
Marathon Petroleum's return ratios and margin ratios increased significantly in 2022 as gasoline and distillate crack spreads were hiked. Gasoline and distillate crack spreads in 2023 are not expected
LNG demand from Europe continues to drive revenue. Net-Zero strategy and global demand continue to drive LNG demand.
Marathon Petroleum is well positioned in an industry that has a very favorable operating environment right now, and it should continue to outperform. MPC is in a very strong financial position, and ma

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FINDLAY, Ohio , March 9, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 2, 2023, at 11 a.m. EDT to discuss 2023 first-quarter financial results.
Marathon (MPC) acquires a 49.9% stake in an emerging renewable natural gas (RNG) company, LF Bioenergy, in an attempt to lower its carbon project investments.
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