Marathon Petroleum expects global refined-product demand growth through 2030 to exceed net refining-capacity additions, with anticipated refinery closures nearly offsetting announced capacity additions, supporting its constructive long-term view of the refining sector. The company said its second-quarter 2026 performance benefited from resilient consumer demand, with refineries running at 94% crude-capacity utilization and total throughput of 2.9 million barrels per day. Refining & Marketing adjusted EBITDA reached about $6.7 billion for the quarter, while segment margin was $36.33 per barrel, driven primarily by higher crack spreads across all regions. Phillips 66 captured 98% of its market indicator in the second quarter, and HF Sinclair said 5-7 million barrels per day of refining capacity was offline versus five months earlier, with inventories below five-year averages. Marathon Petroleum shares have surged nearly 140% so far this year and the stock carries a Zacks Rank #1 (Strong Buy), with an average brokerage recommendation of 2.03 based on recommendations from 20 brokerage firms.
Marathon Petroleum CorpMarathon Petroleum expects global refined-product demand growth through 2030 to exceed net refining-capacity additions, with refinery closures nearly offsetting additions, supporting its constructive refining-margin view.
HF Sinclair CorpHF Sinclair said 5-7 million bpd of refining capacity was offline versus five months earlier, with inventories below five-year averages, tightening refined-product supply and supporting refining margins.
Phillips 66Phillips 66 captured 98% of its market indicator in Q2 amid the tight global refining capacity and elevated crack spreads described in the article.
