US Refiners Ramp up Buybacks as Iran War Boosts Fuel Margins

Record Profits For Refiners, But These 5 Energy Stocks Are Better Buys

Marathon Petroleum, Phillips 66 and Valero Energy remain big Iran war beneficiaries. Other oil stocks are breaking out, regaining buy points.

US refiners ramp up buybacks as Iran war boosts fuel margins

US refiners Marathon Petroleum, Phillips 66 and Valero Energy reported combined second-quarter profits of $12.6 billion, benefiting from supply disruptions and higher refining margins. The trio returned $6.3 billion to shareholders through buybacks and dividends, more than double last year. Refining stocks also rallied sharply, while strong margins supported expectations of further payouts.

Top U.S. refiners boost rewards for shareholders as profits soar

Prolonged disruptions to crude supplies through Strait of Hormuz have raised both fuel prices and margins for refining