Geopolitics Alpha

Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, CRAK, BWET, MPC
  • Market reaction: USO −4.8% on the day (still updating); XLE −3.7% on the day (still updating); BWET −13.7% on the day (still updating)

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GEOPOLITICS ALPHAMarathon Petroleum Earnings:Divestiture of Refining AssetsFocuses Portfolio on Gulf CoastMPCGEOPOLITICS ALPHA

This report is about oil and refining.

Directly affected

  • MPC Marathon Petroleum+8.7% 11d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund+6.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “petroleum” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “petroleum” (oil) in this story.

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “petroleum” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings+2.0% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petroleum” (oil) in this story.

  • CVX Chevron+9.6% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petroleum” (oil) in this story.

  • VLO Valero Energy+3.1% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

  • COP ConocoPhillips+11.6% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petroleum” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MPC+3.01%+3.95%base-7.76%after closeafter closeafter close
USO+5.38%+6.75%base-4.77%after closeafter closeafter close
XLE+2.64%+4.95%base-3.73%after closeafter closeafter close
CRAK+2.29%+2.54%base-2.26%after closeafter closeafter close
BWET+7.18%+11.56%base-13.73%after closeafter closeafter close
XOM+2.57%+5.49%base-2.82%after closeafter closeafter close
CVX+1.76%+4.58%base-2.69%after closeafter closeafter close
VLO+0.27%+3.25%base-6.00%after closeafter closeafter close
COP+3.21%+6.66%base-3.27%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast Morningstar

Source: Morningstar

Price since this story was published: United States Oil Fund (USO)

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day-13.73%still updating
Amplify Commodity Trust (BWET)three days earlier+11.56%final price
Amplify Commodity Trust (BWET)five days earlier+7.18%final price
COPthat day-3.27%still updating
COPthree days earlier+6.66%final price
COPfive days earlier+3.21%final price
Vaneck Etf Trust (CRAK)that day-2.26%still updating
Vaneck Etf Trust (CRAK)three days earlier+2.54%final price
Vaneck Etf Trust (CRAK)five days earlier+2.29%final price
Chevron (CVX)that day-2.69%still updating
Chevron (CVX)three days earlier+4.58%final price
Chevron (CVX)five days earlier+1.76%final price
Marathon Petroleum (MPC)that day-7.76%still updating
Marathon Petroleum (MPC)three days earlier+3.95%final price
Marathon Petroleum (MPC)five days earlier+3.01%final price
United States Oil Fund (USO)that day-4.77%still updating
United States Oil Fund (USO)three days earlier+6.75%final price
United States Oil Fund (USO)five days earlier+5.38%final price
Valero Energy (VLO)that day-6.00%still updating
Valero Energy (VLO)three days earlier+3.25%final price
Valero Energy (VLO)five days earlier+0.27%final price
Select Sector Spdr Tr (XLE)that day-3.73%still updating
Select Sector Spdr Tr (XLE)three days earlier+4.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.64%final price
ExxonMobil Holdings (XOM)that day-2.82%still updating
ExxonMobil Holdings (XOM)three days earlier+5.49%final price
ExxonMobil Holdings (XOM)five days earlier+2.57%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    In “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “petroleum” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “petroleum” (oil) in this story

  • CRAK Vaneck Etf Trust

    Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast.” Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story

  • BWET Amplify Commodity Trust

    For “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “petroleum” (tanker shipping) in this story

  • MPC Marathon Petroleum

    Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast.” Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story

  • XOM ExxonMobil Holdings

    For “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petroleum” (oil) in this story

  • CVX Chevron

    For “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petroleum” (oil) in this story

  • VLO Valero Energy

    In “Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story

United States Oil Fund (USO)

“Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast” (4 Nov 2026) reaches United States Oil Fund (USO) through this story.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “petroleum” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “petroleum” (oil) in this story

Dates in the story, and the United States Oil Fund (USO) price range

USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

A simple score for United States Oil Fund (USO)

46 out of 100Price not final

“Marathon Petroleum Earnings: Divestiture of Refining Assets Focuses Portfolio on Gulf Coast” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.