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Marathon Petroleum Corp Shares Performs Better

America based Marathon Petroleum Corp. rallied 2.14% to $58.68 Friday. This proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.13% to 4,369.55 and the Dow Jones Industrial Average DJIA rising 1.30% to 34,870.16.

Marathon Petroleum Corp. closed $6.16 short of its 52-week high ($64.84), which the company achieved on June 10th. The stock outperformed some of its competitors Friday, as Exxon Mobil Corp. XOM rose 1.81% to $61.23, Chevron Corp. CVX rose 1.43% to $104.07, and BP PLC ADR BP rose 1.68% to $26.01.Marathon Petroleum Corp trading volume (5.8 M) remained 1.7 million below its 50-day average volume of 7.5 M.The stock’s rise snapped a four-day losing streak. Marathon Petroleum had the US $31.8b in debt in March 2021.

Marathon Petroleum Corp Shares Performs BetterMarathon Petroleum had liabilities of US$16.1b falling due within a year, and liabilities of US$41.1b due beyond that. Offsetting these obligations, it had cash of US$624.0m as well as receivables valued at US$9.57b due within 12 months. So its liabilities total US$47.0b more than the combination of its cash and short-term receivables.

The Federal Trade Commission said that 7-Eleven Inc. and Marathon Petroleum agreed to divest hundreds of stores used to sell gasoline and diesel fuel in 293 local markets across 20 states. The FTC Friday said the move settles charges that 7-Eleven’s acquisition of Marathon’s Speedway subsidiary violated federal antitrust laws.

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