|Bid||68.57 x 1100|
|Ask||68.58 x 1200|
|Day's Range||67.57 - 68.78|
|52 Week Range||26.77 - 68.78|
|Beta (5Y Monthly)||2.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 01, 2021 - Nov. 05, 2021|
|Forward Dividend & Yield||2.32 (4.05%)|
|Ex-Dividend Date||Aug. 17, 2021|
|1y Target Est||70.07|
Marathon Petroleum (MPC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
California’s biofuel projects are important for the state to achieve its decarbonization goals despite “tremendous pushback” in some instances, a top state environmental regulator said on Tuesday. California’s Low Carbon Fuel Standard program incentivizes energy companies to seek out new feedstocks that would lower the carbon intensity of fuels like diesel, jet fuel and gasoline. Oil refiners Marathon Petroleum and Phillips 66 are converting their Bay Area refineries to run on feedstocks such as vegetable oils and animal fats.
California's Contra Costa County said on Friday that oil refiners Marathon Petroleum and Phillips 66 may need to reduce capacity of proposed renewable plants by about 50% and 20% respectively to mitigate environmental impact. The two petroleum refiners are planning to convert oil refineries in the San Francisco-area county to produce transportation fuel from feedstocks such as soybean oil and animal fats that produce less greenhouse gas emissions.