《Lasting Energy Chokeholds Present Buy Opportunities Across Sector》
尽管近期表现强劲,但鉴于利润率扩大和强劲的自由现金流回报,说话者仍偏好MPC。
现在,我们已清楚看到成品油利润率进一步扩大,因此像瓦莱罗能源、马拉松石油和菲利普斯 66 这样的炼油商在过去两个季度产生了巨额自由现金流,其中大部分以股票回购或提高股息的形式返还给了股东。
Now, we have clearly seen that refined product margins have widened even further, so refiners such as Valero, Marathon Petroleum and Phillips 66 have seen huge free cash flows over the past two quarters, much of which has been returned to shareholders in the form of share buybacks or higher dividends.