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U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling
24/7 Wall St.84d agobearish
U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling

Crude oil has fallen sharply from its spring highs, yet many drivers are still paying far more at the pump than they were expecting. In a recent CNBC segment, Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, argued that tight gasoline supplies, U.S. refiners already running “incredibly hard,” and a potentially pivotal ... U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling

Marathon Petroleum (MPC) Stock After 366% Five-Year Run Is There Value Left?
Simply Wall St.91d agoneutral
Marathon Petroleum (MPC) Stock After 366% Five-Year Run Is There Value Left?

With Marathon Petroleum trading at US$253.56, many investors are asking the same question: is the stock pricing in too much optimism, or is there still value on the table? The share price performance is strong, with returns of 4.4% over 7 days, 2.2% over 30 days, 53.5% year to date, 54.3% over 1 year, 131.8% over 3 years, and 366.0% over 5 years, which naturally raises questions about what is already embedded in the price. Recent news coverage has focused on Marathon Petroleum's position...

Marathon Petroleum (MPC) Stock Fair Value Edges Higher After Analyst Target Increases
Simply Wall St.91d agoneutral
Marathon Petroleum (MPC) Stock Fair Value Edges Higher After Analyst Target Increases

Analysts have recently lifted fair value estimates for Marathon Petroleum, with one model pointing to an updated assessment of US$271.59 per share compared with a prior US$265.06. Higher price targets from firms such as Wells Fargo are being linked to views on refining margins, updated strip pricing through 2027, and company specific developments like the Garyville refinery visit and capital plans. As you read on, you will see how these shifting targets fit into the broader analyst narrative...

StockStory92d agoneutral
SLB (SLB) Stock Trades Down, Here Is Why

Shares of oilfield services provider SLB (NYSE:SLB) fell 3% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

StockStory92d agoneutral
Why Baker Hughes (BKR) Stock Is Down Today

Shares of energy technology company Baker Hughes (NASDAQ:BKR) fell 4.5% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

StockStory92d agoneutral
Why Halliburton (HAL) Shares Are Sliding Today

Shares of oilfield services company Halliburton (NYSE:HAL) fell 3.4% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
Reuters94d agoneutral
BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued ‌on Monday by California drivers who accused them of using ‌artificial intelligence to boost prices at the pump. According to a proposed class action, the ​defendants violated California's main antitrust law, the Cartwright Act, by using an AI-based tool that uses data from competing gas stations to "coordinate high prices and wring more money from the pockets of consumers."

Exxon Saves Billions, But Margins Still Cut In Half
Trefis94d agoneutral
Exxon Saves Billions, But Margins Still Cut In Half

Management once built its transformation story on massive cost discipline — and it's still telling it, louder than ever. Yet as profit margins fall by nearly half, a harder question emerges: if record cost savings can't hold the line, how resilient is the "transformed" company really.

Marathon Petroleum (MPC) Price Target Boosted at Wells Fargo. Here is Why
Insider Monkey96d agoneutral
Marathon Petroleum (MPC) Price Target Boosted at Wells Fargo. Here is Why

Marathon Petroleum Corporation (NYSE:MPC) is included among the 12 Best American Oil Stocks to Buy Now. Marathon Petroleum Corporation (NYSE:MPC) is a leading integrated downstream and midstream energy company headquartered in Ohio. The company operates the largest refining system in the United States, boasting approximately 3 million barrels per day of crude oil capacity across […]