Marathon Petroleum Corp (MPC) stock price, news and key stats

Price

Last close as of Sep 16, 2026. Delayed data; not a live quote.

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$410.84

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$405.31

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$402.66 – $419.39

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2.9M

About Marathon Petroleum Corp

Latest MPC news

• Crude Oil Rally Running Low on Gas?
  Forex News · Sep 15, 2026

  The recent rally in crude oil prices appears to be losing momentum as U.S. crude stockpiles reached their highest levels in over three years, raising concerns about oversupply. This development comes on the heels of a four-day price increase, which was driven by fears of energy shortages and geopolitical tensions affecting global supply chains. The International Energy Agency (IEA) has reported a significant reduction in Russian refinery capacity, estimated to be 30% lower due to ongoing conflicts, contributing to soaring diesel prices and heightened market volatility. Despite these geopolitical pressures, the surge in U.S. refining margins, particularly for companies like Valero, Marathon Petroleum, and Phillips 66, has led to a more favorable outlook for domestic refiners. Their ability to capitalize on record fuel cracks has allowed them to thrive even as crude prices fluctuate. However, the current oversupply situation, indicated by rising stockpiles, could temper further price increases and lead to a recalibration of market expectations. Market analysts are closely monitoring these dynamics, as the interplay between refining capacity, geopolitical risks, and inventory levels will be crucial in determining the future trajectory of oil prices. If the trend of increasing stockpiles continues, it may signal a shift in market sentiment, potentially leading to a pullback in crude prices in the near term.

• 10-year Treasury yield tops 5% as oil surges and diesel hits all-time high
  Oil & Gas · Sep 14, 2026

  US retail diesel prices climbed to an all-time high on Friday, with the nationwide average reaching $5.85 a gallon and surpassing the previous record of $5.81 set in June 2022. The milestone came as crude oil prices jumped Monday following Saudi Arabia's shutdown of a critical pipeline and the postponement of talks concerning the future of the Strait of Hormuz, underscoring how geopolitical risk in the Middle East is flowing directly through to American fuel pumps. Diesel is arguably the economy's workhorse fuel, powering trucks, farm equipment, trains and industrial machinery, and its surge threatens to feed into prices for food, goods and shipping services nationwide. Supply losses from the Middle East and Russia have tightened already-stretched distillate fuel markets, leaving inventories thin and prices sensitive to even modest disruptions. Unlike gasoline, which is more exposed to seasonal driving demand, diesel demand is structural, meaning elevated prices act as a de facto tax on the broader economy. The impact is being felt acutely in agriculture, where diesel is a core input for planting, harvesting and hauling. "We are endangering one of the strongest economic pillars that we have in this country," said Mark Mueller, a fourth-generation Iowa farmer, reflecting concerns across farm country that elevated fuel costs will compress already thin margins heading into the growing season. Traders will be watching for clarity on the status of the Saudi pipeline, the timeline for rescheduled Strait of Hormuz discussions, and weekly US inventory data for signs of whether distillate supplies can be rebuilt before demand picks up. Until then, analysts say the tightness in global diesel markets leaves little cushion, and any further escalation in the region could push both crude and refined product prices higher still.

• White House Weighs Defense Production Act as U.S. Refineries Maxed Out
  OilPrice · Sep 11, 2026

  The White House is contemplating the invocation of the Defense Production Act to enhance U.S. oil refining capacity amid soaring diesel prices, which have surpassed $6 per gallon. With American refineries operating at nearly full capacity—98%—the administration is exploring options to mitigate the impact of global crude supply disruptions, particularly in light of rising tensions in the Middle East. This potential move comes after discussions between President Trump and U.S. refiners, who are advocating for federal funding to improve efficiency and expand existing facilities rather than building new ones. The urgency of the situation is underscored by the current market conditions, where high diesel prices are straining consumers and businesses alike, potentially leading to broader inflationary pressures across the economy. If the Defense Production Act is enacted, it could lead to increased investment in refining infrastructure, which may help stabilize fuel prices in the long term. However, the effectiveness of such measures will depend on the speed of implementation and the ability of refiners to quickly ramp up production. In the short term, market participants will be closely monitoring any developments, as they could significantly influence oil prices and overall energy market dynamics.

• Oil’s Crack Spread Captivates Central Bankers Fretting Inflation
  Economic Data · Sep 9, 2026

  The crack spread, a key indicator of profitability for oil refiners, has recently drawn the attention of central bankers as they grapple with persistent inflationary pressures. This metric, which measures the difference between the price of crude oil and the prices of refined products like gasoline and diesel, has surged, reflecting both rising demand for fuel and supply chain constraints. As refiners benefit from higher margins, the implications for inflation are significant, particularly in energy-dependent economies. Central banks, already facing challenges from elevated consumer prices, are closely monitoring the crack spread as a potential harbinger of further inflationary trends. An increase in refined product prices can lead to higher transportation and production costs, which may be passed on to consumers. This scenario complicates monetary policy decisions, as central banks must balance the need to control inflation without stifling economic growth. Market analysts suggest that sustained high crack spreads could prompt central banks to adopt more aggressive interest rate policies to combat inflation. Investors are advised to keep an eye on energy markets, as fluctuations in oil prices and refining margins could significantly influence broader economic conditions and monetary policy trajectories.

• US refinery tightness means diesel could drive inflation even with steady oil prices
  Economic Data · Sep 7, 2026

  U.S. diesel prices have surged to record highs, driven by a tightening global supply chain exacerbated by geopolitical tensions, particularly renewed hostilities between the U.S. and Iran, and ongoing disruptions from the conflict in Ukraine. As a result, diesel cracks—the difference between the price of crude oil and refined diesel—have soared above $100 per barrel, indicating a significant strain on refining capacity. This situation is further compounded by a more than 50% drop in diesel exports from the Middle East and Russia, leading to dwindling inventories. The implications of rising diesel prices extend beyond the fuel itself, as diesel is a critical component of the supply chain, impacting trucking, agriculture, and construction sectors. Increased transportation and operational costs are likely to be passed on to consumers, potentially driving inflation even in a stable oil price environment. With diesel being less visible to the average consumer compared to gasoline, the economic ripple effects could be profound, influencing prices on store shelves and household budgets across the nation. As the situation develops, market analysts will be closely monitoring both geopolitical events and refining capacity to gauge the long-term impact on inflation and economic stability.

• Why US oil companies are not rushing to build new refineries despite Trump’s push
  Oil & Gas · Sep 7, 2026

  Despite former President Donald Trump's renewed calls for increased domestic oil refining capacity, U.S. oil companies are showing little urgency in building new refineries. The industry, which has faced significant challenges over the past few years, is prioritizing efficiency and modernization of existing facilities rather than investing in new infrastructure. The reluctance stems from a combination of factors, including regulatory hurdles, environmental concerns, and a volatile market that has made long-term investments in new refineries less appealing. The refining sector has been under pressure from both sides of the political spectrum, with increasing scrutiny over carbon emissions and climate change. Many companies are focusing on transitioning to cleaner energy sources and enhancing their sustainability practices, which complicates the decision to invest heavily in new fossil fuel infrastructure. Additionally, the current economic landscape, characterized by fluctuating oil prices and potential shifts in consumer demand towards renewable energy, further dampens enthusiasm for new refinery projects. Market implications of this cautious approach could lead to tighter refining margins in the short term, particularly if demand for gasoline and diesel remains strong as the economy rebounds. However, the lack of new capacity could also result in supply constraints, potentially driving up fuel prices. As companies navigate these complexities, the future of U.S. refining capacity remains uncertain, with many stakeholders advocating for a balanced approach that considers both economic viability and environmental responsibility.

• Why Oil Majors Don't Want to Build New U.S. Refineries
  Oil & Gas · Sep 3, 2026

  Despite the current profitability of oil refining in the U.S., major oil companies are hesitant to invest in new refinery construction. This reluctance stems from a combination of regulatory hurdles, high capital costs, and a shifting energy landscape that increasingly favors renewable sources. With global refining capacity already strained—over 8 million barrels per day offline in regions like Asia, the Middle East, and Russia—one might expect a rush to build new facilities. However, the complexities of establishing a new refinery in the U.S. present significant challenges that deter investment. The regulatory environment is particularly daunting, with stringent environmental regulations and permitting processes that can extend over several years. Additionally, the high upfront costs associated with building a refinery, often exceeding billions of dollars, pose a substantial financial risk, especially when market dynamics are shifting towards cleaner energy alternatives. Oil majors are thus more inclined to focus on optimizing existing operations and enhancing efficiency rather than embarking on new projects that may not yield returns in a rapidly evolving market. As a result, while refining margins remain robust, the lack of new refinery construction could exacerbate fuel supply constraints in the long term. This situation may lead to increased volatility in fuel prices, as the existing infrastructure struggles to meet demand amid geopolitical tensions and potential supply disruptions. Investors and market analysts will be closely monitoring how these dynamics unfold, particularly as the global energy transition continues to gain momentum.

• Global Refining Crunch Could Keep Fuel Prices High Into 2027
  OilPrice · Sep 3, 2026

  Global fuel prices are expected to remain elevated through 2027 due to a significant refining crunch, primarily driven by damage to refineries in the Middle East and Russia. Exxon Mobil's CEO, Darren Woods, emphasized that the shortage of refining capacity could lead to substantial financial strain on consumers, as the market grapples with diminishing spare capacity for fuel production. This shift in pressure from crude oil to refining capabilities is reshaping the landscape of energy markets. Record refining margins have emerged as a result of the constrained supply, with crack spreads reaching unprecedented levels. These conditions are contributing to higher prices for gasoline, diesel, and jet fuel, which are likely to persist as refiners struggle to meet demand. Companies such as Marathon and Valero are witnessing significant surges in their stock prices, reflecting investor confidence in their ability to navigate this challenging environment. As the refining sector continues to face operational hurdles, the implications for consumers and the broader economy could be profound, with sustained high fuel prices potentially influencing inflation and consumer spending patterns in the coming years.

• Trump to Host Big Oil CEOs as Gas Price Average Remains Over $4 a Gallon
  Oil & Gas · Sep 1, 2026

  Former President Donald Trump is set to host a meeting with executives from major oil companies, including Valero, Marathon Petroleum, and PBF Energy, amid ongoing concerns about high gas prices, which have remained above $4 a gallon. This meeting, scheduled for September 2026, comes as Trump has publicly accused U.S. refiners of price gouging and has called for a Justice Department investigation into their practices. The sustained high prices at the pump are particularly significant as the midterm elections approach, potentially influencing voter sentiment and energy policy discussions. The implications of this meeting could be substantial for both the oil industry and consumers. If Trump successfully pressures these companies to lower prices, it could alleviate some financial strain on American households, particularly as inflation continues to impact various sectors. Conversely, if the companies maintain their pricing strategies, it could lead to further scrutiny from regulators and heightened public dissatisfaction. Additionally, the backdrop of Trump's discussions includes a broader context of energy policy, with ongoing negotiations regarding the development of oil fields in Venezuela, which could take years to materialize and affect global oil supply dynamics.

• U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output
  Oil & Gas · Aug 25, 2026

  U.S. refiners are facing a tightening supply of heavy crude as Canada announces cuts to its oil sands output, exacerbating an already challenging market environment. With Canadian inventories at unusually low levels and the recovery of Venezuelan production lagging, U.S. refiners are struggling to secure adequate replacement supplies. This situation is compounded by a recent decline in U.S. crude oil output, which fell approximately 2% in May from record levels in April, while exports reached a new high for the second consecutive month. The impact of these developments is significant, as U.S. refineries have been operating at near-maximum capacity for an extended period, aiming to capitalize on elevated refining margins driven by geopolitical tensions, particularly the ongoing conflict in the Middle East. Despite achieving record output and profits, the global market remains short on gasoline and diesel, with refinery closures and disruptions further constraining supply. As refiners navigate this complex landscape, the potential for increased fuel prices looms, raising concerns about inflationary pressures in the broader economy.

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