Marathon Petroleum to Reap a Windfall on Venezuela Oil Boom

Marathon Petroleum to Reap a Windfall on Venezuela Oil Boom

Quick Read Marathon Petroleum (MPC) operates the largest heavy crude refinery in Louisiana at 606,000 barrels per day. The Garyville facility is positioned to capture 20% to 30% of increased Venezuelan oil exports. Marathon Petroleum’s refining margins rose to $17.60 per barrel from $14.63 a year ago. Crude capacity utilization reached 95% in Q3. If you’re focused on picking the right stocks and ETFs you may be missing the bigger picture: ret…