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Updated · MarketWatch · Apr 28Marathon Petroleum stock rises 2.37% and outperforms competitors during market downturn
11 articles · Updated · MarketWatch · Apr 28
- Shares closed at $232.59 on Tuesday, marking a third consecutive day of gains for Marathon Petroleum Corp.
- Despite the S&P 500 and Dow Jones both declining, Marathon outpaced Exxon Mobil, Chevron, and Valero Energy in Tuesday's trading.
- The stock remains 9.06% below its 52-week high of $255.77 set on March 30, with trading volume below its 50-day average.
Can MPC's pivot to petrochemicals secure its future as gasoline demand eventually declines? As refiners post huge profits, why do drivers face record-high prices at the pump? Is MPC's record profit a sustainable trend or a bubble fueled by global conflict? How does the widening gap between global and U.S. crude oil give American refiners a major advantage? With U.S. jet fuel supply at a 60-year low, can refineries meet soaring travel demand? No new U.S. refinery has been built since the 1970s; is this a structural flaw or a strategic advantage?