With a market cap of $49.5 billion, Marathon Petroleum Corporation (MPC) is a leading independent refiner, transporter, and marketer of petroleum products in the United States. The company operates through two main segments: Refining & Marketing, which focuses on refining crude oil and distributing fuel products, and Midstream, which manages transportation and logistics for crude oil, natural gas, and refined products.
Shares of the oil refining specialist have underperformed the broader market over the past 52 weeks. MPC stock has declined 9.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 23.5%. However, shares of MPC are up 10.5% on a YTD basis, outperforming SPX's nearly 4% gain.
