Geopolitics Alpha

Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction

Published . Updated .

Covered by 2 outlets: Yahoo Finance, The Motley Fool.

Who covered it: Center 1 · Not rated 1. How we rate outlets

Key takeaways

  • Exposed: USO, XLE, CRAK, MPC, XOM
  • Market reaction: XLE −0.4% on the day (still updating); USO −0.0% on the day (still updating); MPC −3.2% on the day (still updating)

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GEOPOLITICS ALPHAMarathon Petroleum Refining MarginJumps 160%: Rapid EarningsReactionMPCGEOPOLITICS ALPHA

This report is about oil and refining.

Directly affected

  • MPC Marathon Petroleum+9.5% 10d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund+8.9% 30d

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

  • XLE Energy Select Sector SPDR+8.9% 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.

  • XOM ExxonMobil Holdings+6.2% 16d

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

  • CVX Chevron+12.5% 30d

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

  • VLO Valero Energy+1.1% 30d

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

  • COP ConocoPhillips+4.8% 30d

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

  • PSX Phillips 66+9.1% 30d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MPC+1.26%+0.47%base-3.23%after closeafter closeafter close
USO+4.37%+7.30%base-0.01%after closeafter closeafter close
XLE+1.44%+2.16%base-0.36%after closeafter closeafter close
CRAK+1.98%+0.61%base-0.54%after closeafter closeafter close
XOM+0.06%+1.89%base-1.00%after closeafter closeafter close
CVX+0.19%+1.58%base-0.75%after closeafter closeafter close
VLO+1.54%+0.86%base+0.02%after closeafter closeafter close
COP+0.74%+2.12%base-1.56%after closeafter closeafter close
PSX-2.43%-0.52%base-0.71%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 Refining Margin Jumps 160%: Rapid Earnings Reaction Yahoo Finance

Source: Yahoo Finance

The price since 3 Nov 2026: United States Oil Fund (USO) versus the S&P 500

CompanyWhenMoveStatus
Conocophillips (COP)that day-1.56%still updating
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%final price
Vaneck Etf Trust (CRAK)that day-0.54%still updating
Vaneck Etf Trust (CRAK)three days earlier+0.61%final price
Vaneck Etf Trust (CRAK)five days earlier+1.98%final price
Chevron (CVX)that day-0.75%still updating
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
Marathon Petroleum (MPC)that day-3.23%still updating
Marathon Petroleum (MPC)three days earlier+0.47%final price
Marathon Petroleum (MPC)five days earlier+1.26%final price
PSXthat day-0.71%still updating
PSXthree days earlier-0.52%final price
PSXfive days earlier-2.43%final price
United States Oil Fund (USO)that day-0.01%still updating
United States Oil Fund (USO)three days earlier+7.30%final price
United States Oil Fund (USO)five days earlier+4.37%final price
Valero Energy (VLO)that day+0.02%still updating
Valero Energy (VLO)three days earlier+0.86%final price
Valero Energy (VLO)five days earlier+1.54%final price
Select Sector Spdr Tr (XLE)that day-0.36%still updating
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
ExxonMobil Holdings (XOM)that day-1.00%still updating
ExxonMobil Holdings (XOM)three days earlier+1.89%final price
ExxonMobil Holdings (XOM)five days earlier+0.06%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 Refining Margin Jumps 160%: Rapid Earnings Reaction,” 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

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “petroleum” (oil) in this story

  • CRAK Vaneck Etf Trust

    For “Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story

  • MPC Marathon Petroleum

    In “Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. 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 Refining Margin Jumps 160%: Rapid Earnings Reaction,” 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 Refining Margin Jumps 160%: Rapid Earnings Reaction,” 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 Refining Margin Jumps 160%: Rapid Earnings Reaction,” 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

  • COP Conocophillips

    In “Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petroleum” (oil) in this story

United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction,” the 3 Nov 2026 this story story.

For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “petroleum” (oil) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: 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 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

How strong the case is around United States Oil Fund (USO)

54 out of 100Price not final

“Marathon Petroleum Refining Margin Jumps 160%: Rapid Earnings Reaction” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.