Marathon Petroleum shares are trading lower amid a drop in oil prices.
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum's stock is trading lower due to a decrease in oil prices.
April 09, 2024 | 4:44 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Marathon Petroleum's shares are trading lower as a result of falling oil prices.
As an oil and gas company, Marathon Petroleum's stock price is closely tied to the price of oil. A decrease in oil prices typically leads to lower revenue and profit margins for such companies, negatively impacting their stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100