Marathon Petroleum Corp
MPC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >!h | LOCK|x?&q# | LOCK|@@$sC!h# |
Marathon Petroleum Earnings: Weaker-Than-Expected Earnings Spark Selloff, Long-Term Outlook Intact
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%.
