Marathon Petroleum Corp. stock outperforms market on strong trading day - MarketWatch
Marathon Petroleum Corp. stock outperforms market on strong trading day - MarketWatch
Shares of Marathon Petroleum Corp. MPC, +1.01% rose 1.01% to $148.36 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
-0.28%
falling 0.28% to 4,769.83 and Dow Jones Industrial Average DJIA,
-0.05%
falling 0.05% to 37,689.54.
The stock's rise snapped a two-day losing streak.
Marathon Petroleum Corp. closed $11.29 short of its 52-week high ($159.65), which the company reached on November 2nd.
The stock outperformed some of its competitors Friday, as Exxon Mobil Corp. XOM, -0.21% fell 0.21% to $99.98 and Chevron Corp.
CVX,
-0.41%
fell 0.41% to $149.16.
Trading volume (2.5 M) remained 542,832 below its 50-day average volume of 3.0 M.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.