Energy
Price
$388.90
+0.31%Market Cap
$109.49B
Day High
$391.00
Day Low
$379.10
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.
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