Energy
MPC delivered $5.14 billion in net income in Q2 FY2026, driven by a nearly doubling of refining margins amid global supply disruptions and rising RFS costs.
Key risk: Refining Margin Volatility
MPC's earnings are highly sensitive to fluctuations in refining crack spreads and crude oil differentials. A sustained decline in product margins could materially reduce profitability and cash flow.
Other Oil & Gas Refining & Marketing companies