Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout [Reuters]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Reuters
Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout HOUSTON (Reuters) - Marathon Petroleum Corp ( MPC.N ), the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp fall in fuel demand. Stay-at-home orders designed to contain the coronavirus pandemic have decimated travel and forced businesses to shut down, cutting worldwide demand for oil by a third, or about 30 million barrels a day. In the United States, gasoline demand has dropped by half. Other top oil refiners including Exxon Mobil, ( XOM.N ) Royal Dutch Shell ( RDSa.L ) and Valero Energy ( VLO.N ) have cut output by as much as a third, halted new projects and sent contract workers home to avoid illnesses and reduce operating costs. Marathon forecast a loss before charges of up to $250 million for the quarter ended March 31, in a regulatory filing www.sec.gov/ix?doc= /Archives/edgar/data/1510295/000151029520000042/mpc8-k41720.htm. The compa
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News
- Barclays Points to Midstream Stability in Marathon Petroleum (MPC) Price Target Hike [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (NYSE:MPC) had its price target raised by analysts at Raymond James Financial, Inc. from $200.00 to $215.00. They now have an "outperform" rating on the stock.MarketBeat
- Marathon Petroleum (MPC): Exploring Today's Valuation After a Year of Strong Returns [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (MPC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (NYSE:MPC) had its price target raised by analysts at Barclays PLC from $194.00 to $202.00. They now have an "overweight" rating on the stock.MarketBeat
MPC
Earnings
- 11/4/25 - Miss
MPC
Sec Filings
- 11/4/25 - Form 8-K
- 11/4/25 - Form 10-Q
- 11/4/25 - Form 8-K
- MPC's page on the SEC website