Marathon Petroleum Corp. (NYSE:MPC) shares are trending on Thursday.
MPC shares edged up 0.36% to $242.67 in overnight trading on Wednesday.
According to Benzinga Pro data, the stock of the Ohio-based integrated downstream and midstream energy company closed the regular session at $241.81, up 3.96%.
Marathon Petroleum declared a quarterly dividend of $1 per share on Wednesday, payable Jun. 10, to shareholders of record as of May 20.
Iran Blockade Fuels Broad Wednesday Surge
The stock move also follows reports of President Donald Trump and senior officials, including Treasury Secretary Scott Bessent, Vice President JD Vance, and envoys Jared Kushner and Steve Witkoff, meeting on Tuesday with oil and gas executives, including Chevron (NYSE:CVX) CEO Mike Wirth.
The group discussed sustaining Iran’s blockade “for months if needed.”
Sector Peers Join the Rally
The energy sector broadly surged on Wednesday, with Chevron up 2.05%, Exxon Mobil (NYSE:XOM) gaining 2.72%, Battalion …
