Marathon Petroleum Corp

MPC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Marathon Petroleum Earnings: Impressive Refining Capture Drives Strong Results; Shares Overvalued

Allen Good , Andrea Burigana

Feb 5, 2026

Marathon Petroleum's fourth-quarter results blew past market expectations as strong refining operations, including a 114% capture rate, allowed the company to capitalize on an unseasonably strong margin environment. Marathon repurchased $1.0 billion of shares during the quarter.

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Marathon Petroleum Corp

Marathon Petroleum Earnings: Impressive Refining Capture Drives Strong Results; Shares Overvalued

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