Surging U.S. energy shares reflect robust growth, inflation worries [Globe and Mail, The (Toronto, Canada)]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Globe and Mail, The
The S&P 500 energy sector is up about 17% in 2024, roughly doubling the broader index's year-to-date return. Its gains have accelerated in recent weeks, making it the S&P 500's best performing sector in the past month. One key driver is the price of oil: U.S. crude has risen 20% year-to-date due to an unexpectedly strong U.S. economy and worries over a broadening Middle East conflict. Some investors also believe rising energy shares could hedge against U.S. inflation. Consumer price rises have proven more stubborn than expected this year, threatening to restrain the broader stock rally by undermining expectations for how much the Federal Reserve will cut rates in 2024. “If inflation is going to pop up again ... the hedge is to have some commodities exposure,” said Ayako Yoshioka, senior portfolio manager at Wealth Enhancement Group. The portfolios she manages have been overweight in energy stocks, including those of oil majors Exxon Mobil and Chevron, as she noted more discip
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MPC
News
- Inflation Won't Go Away: 3 Dividend Stocks to Cash In With [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (NYSE:MPC) shareholders have earned a 57% CAGR over the last three years [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (MPC) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [Yahoo! Finance]Yahoo! Finance
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
MPC
Earnings
- 1/30/24 - Beat
MPC
Sec Filings
- 4/26/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPC's page on the SEC website