Marathon Petroleum shares slipped in trading, a move that masked a strong financial performance. The refiner recorded a five-fold surge in third-quarter net income and finalized a deal to divest two Midwestern facilities to CVR Energy, an entity controlled by Carl Icahn. Despite these structural shifts, the broader market sentiment remained tethered to the cooling trajectory of crude prices.

Contrasting the domestic volatility, Saudi Aramco reported a sharp increase in quarterly profit. The state-backed producer leveraged higher crude-oil sales volumes and elevated price benchmarks to bolster its bottom line, highlighting the uneven impact of the current market environment on global energy players.