Why These Energy Stocks Are Gaining This Week

4. Marathon Petroleum Corporation (NYSE:MPC)

Share Price Gains Between Apr. 16 – Apr. 23: 8.15%

Marathon Petroleum Corporation (NYSE:MPC) is a leading integrated downstream energy company that operates the largest refining system in the US, with approximately 3 million barrels per day of crude oil capacity across 13 refineries.

The share price of Marathon Petroleum Corporation (NYSE:MPC) has fallen by over 32% over the last 52 weeks, highlighting the challenges faced by the global refining sector. The sector has come under pressure following the prospects of a declining oil demand, coupled with a drop in crude oil prices. However, as the global oil prices have slightly recovered over the last two weeks, so has the share price of MPC.

Despite the ongoing challenges, Marathon Petroleum Corporation (NYSE:MPC) topped estimates in Q4 2024, posting an adjusted EPS of $0.77 and a quarterly revenue of $33.47 billion. With 13 billionaire holders in the Insider Monkey database at the end of Q4 2024, MPC is included among the 10 Best Oil Stocks to Invest In According to Billionaires.