Marathon Petroleum Corp. shares sank 0.69% to $60.08 Tuesday. This proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.03% to 4,291.80 and the Dow Jones Industrial Average DJIA rising 0.03% to 34,292.29.
Marathon Petroleum Corp. closed $4.76 below its 52-week high ($64.84), which the company reached on June 10th. The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, like Exxon Mobil Corp. XOM fell 0.62% to $62.62, Chevron Corp. CVX fell 0.22% to $103.76, and BP PLC ADR BP fell 0.72% to $26.27.
Marathon Petroleum Corp trading volume (3.6 M) remained 3.9 million below its 50-day average volume of 7.5 M.This was the stock’s second consecutive day of losses. Marathon Petroleum is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system. MPC’s marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.
Marathon Petroleum Will host a conference call on Wednesday, August 4, 2021, at 11 a.m. EDT to discuss 2021 second-quarter financial results. Ohio based petroleum company laid off 1,920 workers across the U.S. despite taking $2.1 billion in federal tax benefits meant to cushion the pandemic’s blow to the economy.