Business
from24/7 Wall St.
1 week agoWhy Raymond James Sees Marathon Petroleum Reaching $270
Marathon Petroleum Corp. has seen significant stock growth, with a target price of $270 by 2026 driven by refining margins and geopolitical factors.
The world is still processing the nighttime raid on Venezuela by U.S. forces on Saturday, capturing President Nicolás Maduro and his wife, and flying them to New York to face narcoterrorism and drug conspiracy charges. President Trump stated the U.S. would run Venezuela until a transition could happen, aiming to access its oil. Venezuela holds the world's largest proven oil reserves at 303 billion barrels, but because it is mostly extra-heavy crude, it requires specialized refining.