With cheap crude feedstocks disappearing for United States refiners, large margin compression is ubiquitous this quarter. In this edition of The Motley Fool's energy-focused show, Digging for Value, energy analysts Joel South and Taylor Muckerman dive into recent earnings releases from Phillips 66 (NYSE:PSX) and Marathon Petroleum (NYSE:MPC), two well positioned companies with bright futures. 

Joel South owns shares of Ford. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Ford and owns shares of Ford and General Electric Company. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.