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Gasoline prices are punishing drivers at the pump while a handful of companies are posting the most profitable quarters in their histories, and the structural reason this keeps happening has nothing to do with luck or crude oil prices.

Marathon Petroleum (NYSE:MPC) reported second-quarter 2026 adjusted EBITDA of $8.5 billion and earnings per share of $17.73, as strong refining margins, high utilization and crude sourcing optimization lifted results across its operations. Cash flow from operations, excluding working-capital change

MPC delivers $8.5 billion adjusted EBITDA and 112% margin capture, while navigating global refining disruptions and advancing shareholder returns.

Higher crack spreads driven by Strait of Hormuz supply disruptions pushed the refiner's quarterly net income to $5.1 billion

Today Earnings (a.m.): Merck, Pfizer, McDonald's, Caterpillar, Spotify, Apollo, TPG, Marathon Petroleum, Archer-Daniels-Midland, DuPont, Kimberly-Clark Earnings (p.m.): SpaceX, Advanced Micro Devices, ...

Small-cap oil stock Forum Energy Technologies broke out on Monday after blowout second-quarter earnings. Most oil stocks fell with crude prices, though many of them are eyeing buy points in a busy week of earnings for the oil and gas sector.

The monthly jobs report comes out Friday. Before that, Elon Musk’s SpaceX will post its first earnings report as a listed company. Also reporting: Walt Disney; tech companies Palantir and Advanced Micro Devices; ride-sharing firms Uber and Lyft; private-equity firms Apollo, Carlyle and TPG; and fast-food chains McDonald's and Wendy’s.

PBF Energy (PBF) delivered earnings and revenue surprises of +53.58% and +37.19%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

​📈 Follow our live markets data and coverage. Investors hear a lot about the price of oil, despite the fact that they don’t buy, sell or consume it directly. The process of turning crude into the products actually used to keep the modern world moving is almost an afterthought.

Marathon Petroleum is set to report Q2 earnings next month, with analysts expecting triple-digit EPS growth.

Oil prices jumped on Monday as President Donald Trump said the U.S. will reimpose a blockade on Iranian ports and provide other countries safe passage —for a fee — through the Strait of Hormuz. The announcement follows an escalation of U.S.-Iran military strikes after Tehran had targeted ships in the Strait traveling an alternative path to the Tehran-approved route open for ships paying a fee to the regime. With U.S.-Iran negotiations at an impasse over control of the key global shipping route and Tehran's nuclear program, the diplomatic route — and Wall Street's assumption that flare-ups in fighting won't lead the sides back to war — is facing its biggest test.

Oil prices jumped on Monday amid escalation of Middle East conflict as the U.S. challenged Iran's assertion of control over the Strait of Hormuz. With U.S.-Iran negotiations at an impasse over the key global shipping route and Tehran's nuclear program, Wall Street's assumption that flare-ups in fighting won't lead the sides back to war is being tested, but still holding firm. With Iran declaring the Strait of Hormuz closed, S&P 500 futures traded slightly lower, with APA, Occidental Petroleum and Devon Energy trading high on the index.

The US-Iran ceasefire is fracturing, Brent is climbing, and energy stocks are repricing fast. Whether this is a temporary spike or the beginning of a sustained oil shock will reshape the Fed's next move and every duration-sensitive position in your portfolio.

U.S. oil refinery stocks such as Valero Energy rose Wednesday after President Donald Trump said the Iran ceasefire is "over."

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued ‌on Monday by California drivers who accused them of using ‌artificial intelligence to boost prices at the pump. According to a proposed class action, the ​defendants violated California's main antitrust law, the Cartwright Act, by using an AI-based tool that uses data from competing gas stations to "coordinate high prices and wring more money from the pockets of consumers."

Policymakers nonetheless said that a recent fall in energy prices meant it was no longer expecting inflation to go as high as it was in April.

7.58am: Fed shock but Iran deal signed News overnight that US and Iranian leaders signed an MoU to end the war has helped lower oil prices, but a portentous debut of the US Federal Reserve's new chair seems still likely to weigh on markets today. Kevin Warsh’s first appearance as Fed...

Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.

SHEL halts its $3 billion buyback program as it pursues the $16.4 billion ARC acquisition.

FCEL's Q2 loss widens as service and generation softens, but more than $1.1B backlog and data-center pipeline surge keep focus on growth.

Valero Energy and two other refiners topped buy points this week amid high crude oil prices, before slipping somewhat on Wednesday.

Overseas buyers are looking to America for oil and transportation fuels, helping deplete its domestic inventories.

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.54%. June E-mini S&P futures (ESM26 ) fell -1.26%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...

(Bloomberg) -- US President Donald Trump is showing signs of frustration at a lack of progress in negotiations to end the 10-week war with Iran, as the Strait of Hormuz remains all but closed to vital energy supplies and oil prices continue to rise.Most Read from BloombergInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Makes New Offer on Uranium in Response to US, WSJ SaysAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO to Miss China Trip After Y

Marathon Petroleum tops Q1 estimates as refining margins surge, while a new $5B buyback boosts total repurchase capacity.

(Bloomberg) -- US President Donald Trump is showing signs of frustration at a lack of progress in negotiations to end the 10-week war with Iran, as the Strait of Hormuz remains all but closed to vital energy supplies and oil prices continue to rise.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Says It’s Deployed Mini Subs in Contest to Control HormuzEpstein's Black Card: How He Moved Women

Marathon Petroleum (NYSE:MPC) reported stronger first-quarter 2026 results, with management pointing to improved refinery reliability, elevated refining margins and a favorable supply-demand backdrop shaped in part by geopolitical disruptions in the Middle East. On the company’s earnings call, CEO

(Bloomberg) -- The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksEpstein'