Marathon Petroleum gains as profit beats estimates

Marathon Petroleum

05/05/2026 14:50

Updates

** Shares of refiner Marathon Petroleum  MPC.N jump 2.6% to $259

** Co beats Q1 profit estimates, benefiting from stronger refining margins amid tighter global supply, driven by the Middle East war

** Posts adjusted profit of $1.65 per share vs. analysts' average estimates of 75 cents per share - data compiled by LSEG

** MPC's refining and marketing margin stood at $17.74 per barrel during the reported quarter, compared with $13.38 per barrel a year earlier

** Including session's moves, MPC up ~60% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))