Marathon Petroleum shares hit record on quarterly profit gain
Marathon Petroleum (NYSE: MPC) rose to record highs after a sharp quarterly profit gain, with traders citing stronger refining margins, tighter diesel supply and constrained global capacity, while it works to restart its Galveston Bay residual hydrotreater.
Marathon Petroleum Corporation (NYSE:MPC) surged to record share highs after a sharp quarterly profit gain, as traders priced in stronger refining margins amid tighter diesel supply and constrained global capacity. The company said it is working to restart the 64,000 bpd residual hydrotreater at its Galveston Bay re…