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Shares in this US oil refiner yielded 23pc under an unsupportive White House

^{Published on 2024-12-16 00:21:07 - The Daily Telegraph}
 

• When growth opportunities are limited, buybacks can be a great way to create shareholder value for cash generative...

The article from The Telegraph discusses the significant financial performance of Marathon Petroleum, a US oil refiner, under President Joe Biden's administration. Despite Biden's push towards renewable energy and away from fossil fuels, Marathon Petroleum has seen its shares surge, yielding an impressive 23% return. This performance is attributed to several factors including high oil prices, increased demand for gasoline, and the company's strategic decisions like share buybacks and dividend increases. The article highlights the irony that while Biden has been critical of the oil industry, the sector, particularly companies like Marathon, have thrived, benefiting shareholders significantly. This situation underscores the complex dynamics between policy intentions and market realities in the energy sector.

Read the Full The Daily Telegraph Article at:
[ https://www.telegraph.co.uk/money/investing/stocks-shares/shares-us-oil-refiner-marathon-yielded-23pc-under-biden/ ]

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