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Marathon Petroleum Corporation (MPC)

NYSE - Nasdaq Real Time Price. Currency in USD
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59.37+2.07 (+3.61%)
At close: 4:00PM EDT
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  • D
    Dennis
    $VLO conversation
    The American Petroleum Institute (API) on Tuesday reported a massive draw in crude oil inventories of 7.688 million barrels for the week ending April 30.
    "If the bulls weren't cheering enough already for the crude stock drawdown, they certainly will for the gasoline drawdown. The API reported a draw in gasoline inventories of 5.308 million barrels for the week ending April 30—after the previous week's 1.288 million barrels .
    Distillate stocks, too, saw a decrease in inventories this week of 3.453 million barrels for the week, after last week's 2.417-barrel decrease."
    #MPC #PSX
  • D
    Danno
    I like special dividends.
  • D
    Dennis
    $VLO conversation
    A slightly different view on climate change #MPC #PSX #FCX
    https://www.wsj.com/articles/unsettled-review-theconsensus-on-climate-11619383653
  • g
    geewhizz99
    Waiting until the declared dividend is paid then selling all MPC and buying CVX. I have no confidence in MPC's board, CEO and management anymore. CVX dividend is higher percentage and I agree with Buffet buying into CVX for the same reasons. I also think Chevron will navigate the green path better than Marathon Petroleum. Just pay me my dividend and then on to "greener" pastures in about 5 weeks.
  • g
    geewhizz99
    One small thing to change the mindset of the company that could be done right now is ...
    change the name of Marathon Petroleum to Marathon Energy. That would highlight what the concerns of the company should encompass; now and in the future. I would do this immediately.
  • W
    White
    Nothing to see here. Talk amoungst yourselves ;)
  • J
    John
    Nice momentum!!!
    Bullish
  • W
    White
    Southwest teams with MPC and PSX on sustainable jet fuel. Very cool !
  • W
    White
    Some good results for BP. Be nice to close on Speedway.
  • D
    Dennis
    $VLO conversation
    So, if pipeline workers can just "go find another job" then welfare recipients can too, right?
    #PSX #MPC
  • W
    White
    Nice Seven & I got the divesture of stores done. Guessing the speedway closing will announce on earnings day?
    Bullish
  • R
    Roger
    well Dividend . June 10th . thank you very much.
  • W
    White
    Nice to see the volume pick up a bit.
  • D
    Dennis
    $VLO conversation
    US gasoline demand for week ending Friday was 9.1 million barrels. This was 2% above last week, 71% above last year, and only 3% below 2 years ago.

    Per EIA: “Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, up by 61.5% from the same period last year. Distillate fuel product supplied averaged 3.9 million barrels a day over the past four weeks, up by 15.9% from the same period last year. Jet fuel product supplied was up 62.9% compared with the same”

    Positive trends may be sticking. #MPC #PSX
  • g
    geewhizz99
  • g
    geewhizz99
    What kind of company will MPC be 20 or 30 years from now when there is not much need for refined petroleum fuels? Will it even exist or be a very small remnant of itself.

    Hydrogen will be the fuel of the future and be refined and produced by companies like MPC. Hydrogen can be produced in many different ways; by solar and wind and is a by-product of many chemical processes. Hydrogen will be transported around the world in liquified form just like LNG with large vessels. Hydrogen is the ultimate "green" energy. Hydrogen is the ultimate energy storage.

    MPC should evolve slowly in that direction as the consumer needs dictate. EV's will be the norm and but fueled by hydrogen fuel cells. Hydrogen will gradually be more available at fuel stations. One by one the gasoline pumps will be replaced over time as demand for gasoline and diesel diminishes. In time battery recharge stations will eventually be less needed. In the future the consumer will not tolerate the disadvantages of electrically recharging their vehicles on the road or at home. Fill up in 5 min at the fuel station just like now. Forget all those charging stations and 30min to 4hr charging times.

    There are naysayers on this board. So be it. They are the ones asking illogical questions and are not able to look far ahead into the future. And above all I'm wondering why they would not want companies like MPC to prosper and grow into the future rather than wither away as demand for gasoline/diesel/jet fuel diminishes.

    Take another look at this article and other information on hydrogen fuel cells
    https://www.hotcars.com/reasons-why-hydrogen-fuel-cell-is-better-than-evs/#:~:text=The%20major%20difference%20between%20battery-powered%20EVs%20and%20hydrogen,hydrogen%20fuel%20cell%20technology%20is%20better%20than%20EVs.
    Bullish
  • W
    White
    Consensus price targets seem to be 65 ish. Curious how that will play next week.
  • f
    freeman
    If MPC doesn’t do at 10% increase with stock buy back and debt reduction on a 100% gain in company value with a 15 year gas agreement and reduction of workforce by 2/3rds then it’s a Wall Street scam .
  • R
    Rob
    In California they have rolling black outs when the temps reach over 100 degrees HTF can everyone own an EV when they can’t even keep the lights on in California