Company Reports

The combination of Marathon and Andeavor created the largest US refiner, with facilities in the midcontinent, Gulf Coast, and West Coast. Since the merger, management has improved its operating cost structure and commercial operations, increasing competitiveness.

Marathon Petroleum's second-quarter earnings far exceeded market expectations, as the company capitalized on an already favorable market environment with continued strong operating performance. Share repurchases increased to $2.5 billion during the quarter.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Management efforts since the combination have focused on improving its operating cost structure and increasing competitiveness, both of which they have succeeded in doing.

Marathon Petroleum's first-quarter earnings far exceeded market expectations, as strong refining operations, including a 99% capture rate, enabled the company to capitalize on a favorable margin environment. It repurchased $750 million worth of shares during the quarter.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Management efforts since the combination have focused on improving its operating cost structure and increasing competitiveness, both of which they have succeeded in doing.

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.

On the morning of Jan. 3, 2026, US forces deposed Venezuelan leader Nicolas Maduro. US President Donald Trump indicated the US will run Venezuela until there can be a "proper transition" and has highlighted his desire to substantially increase US private investment in Venezuela's oil infrastructure.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America, reducing feedstock costs and improving its operating cost structure.

Marathon Petroleum's third-quarter earnings fell short of expectations, sending shares lower. Refining results were hindered by weaker capture rates, despite costs, throughput, and utilization meeting guidance. The company repurchased $650 million in stock and increased its dividend by 10%.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America, reducing feedstock costs and improving its operating cost structure.

Strong refining performance, including a capture rate of 105% and utilization of 97%, led to Marathon Petroleum exceeding second-quarter earnings expectations. MPLX announced a $2.375 billion acquisition of Northwind Midstream, expanding its Permian footprint

Marathon Petroleum's first-quarter results surpassed market expectations. Despite a heavy turnaround schedule and weaker margins, refining performed well, evidenced by a 104% capture rate. Midstream performance added earnings stability and ensured payouts of $1.3 billion during the quarter.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America, reducing feedstock costs and improving its operating cost structure.

Marathon Petroleum's fourth-quarter results easily topped market expectations once again. Meanwhile, the company announced that Marathon's stand-alone 2025 capital spending would fall to $1.25 billion, and MPLX distributions would likely cover Marathon's dividend and capital plan.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America, reducing feedstock costs and improving its operating cost structure.

Marathon Petroleum's third-quarter results far surpassed market expectations, even as adjusted earnings fell to $622 million from $3.2 billion the year before on weaker refining results. During the quarter, the company repurchased $2.7 billion in shares and announced a 10% dividend increase.

Narrow-moat Marathon Petroleum's second-quarter 2024 adjusted earnings fell to $1.4 billion from $2.2 billion a year ago, but once again far surpassing market expectations.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America to reduce feedstock cost while also improving its operating cost structure.

Narrow-moat Marathon Petroleum's first-quarter 2024 earnings fell to $937 million from $2.7 billion a year ago, far surpassing market expectations.

The combination of Marathon and Andeavor created the largest US refiner with facilities in the midcontinent, Gulf Coast, and West Coast. Marathon planned to leverage this geographically diverse footprint to optimize its crude supply from North America to reduce feedstock cost while also improving its operating cost structure.