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American petroleum refining Marathon Petroleum Corp Crashes

Marathon Petroleum Corp. shares slipped 1.19% to $60.01 Tuesday. This proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.21% to 4,188.13 and Dow Jones Industrial Average DJIA falling 0.24% to 34,312.46.

Marathon Petroleum Corp. closed $1.94 short of its 52-week high ($61.95), which the company achieved on May 14th. Despite its losses, the stock outperformed some of its competitors Tuesday, like Exxon Mobil Corp. XOM, +1.17% fell 2.26% to $58.26, Chevron Corp. CVX, +0.24% fell 1.64% to $103.87, and BP PLC ADR BP, +0.11% fell 2.74% to $26.28.true Trading volume (8.9 M) eclipsed its 50-day average volume of 6.8 M.

Marathon Petroleum Corp reported $22.88 billion in the first quarter of 2021, down 5% from the same quarter a year ago. On May 14, 2021, Petroleum company completed the sale of its Speedway business for $21 billion. The independent US refiner and marketer, Ohio-based released its first-quarter 2021. The company rported a better-than-expected adjusted loss of $0.20 per share for the first quarter.

Marathon Petroleum Corp is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system.marketing system includes branded locations across the United States, including Marathon brand retail outlets.also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

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