**Marathon Petroleum (MPC)** shares surged 5.9% to close at **$174.94** following a notable increase in trading volume. This uptick contrasts with the stock’s **13.3% loss** over the previous four weeks. The rise was fueled by a slight increase in oil prices to **$58.32** per barrel—partly due to geopolitical events involving Venezuela, which holds the world’s largest oil reserves but faces significant export challenges.
The company is anticipated to report quarterly earnings of **$3.73** per share, representing a **384.4%** year-over-year increase, with expected revenues of **$30.58 billion**, down **8.6%** from the prior year. However, the consensus EPS estimate has been revised **3.9% lower** in the past month, which may indicate potential price challenges moving forward.
