Marathon Petroleum: The Underestimated Cash Flow Machine of the US Stock Market
Reading Time: 3 minutes
Marathon Petroleum is the largest independent refinery operator in the USA, primarily earning its money from the margin between the purchase of crude oil and the sale of refined fuels such as gasoline and diesel. The company's network of pipelines and storage facilities (Midstream) ensures crisis-resistant, oil price-independent revenues through fixed transit fees. By investing in renewable fuels and massive stock buybacks, the company combines the gradual transformation of the energy sector with a high return on capital for shareholders....
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