MPC News and Press, Marathon Petroleum Corporation From 08/18/22

--News Direct-- Marathon Petroleum’s Garyville refinery provided a $350,000 workforce development grant to strengthen local education. The grant supports current and future teachers in St. John the Baptist Parish (SJBP) Public Schools by creating a pathway to teacher ...

Energy Aspects founder Amrita Sen said Thursday that oil prices will likely jump back above $100 a barrel in the near-term, as the low-demand summer season passes. However, she identified Iran as a possible wildcard, with increased supply from that country potentially delivering downward pr...

First Eagle Investments is an independent, privately owned asset management firm dedicated to serving the needs of individuals and institutions worldwide as well as the financial professionals that advise them. Financial markets continued to stagger in the second quarter, and the pain...

The U.S. Federal Energy Regulatory Commission on Tuesday approved a request from Marathon Petroleum ( NYSE: MPC ) for more time to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal. FERC first approved the request from the Trans-Foreland ...

The Department of Energy said Thursday that nine companies will buy 20M barrels of oil in the latest sale from the U.S. Strategic Petroleum Reserve , part of the Biden administration's release of 1M bbl/day of crude oil for six months. The companies buying oil Thursday included ...

--News Direct-- For more than a decade, Marathon Petroleum (MPC) has worked with CIRCON Environmental to convert hazardous waste from oil tanks to waste-derived fuels used in cement production. At a ceremony last week, CIRCON presented MPC with its inaugural Sustainability Leadershi...

Vanguard Energy ETF is a broad bet on the crucial role of oil and gas in global energy supply. Renewable energy supply is increasing with decreasing costs and plans for increased capacity. Global demand for energy from all sources is also growing. So far, renewable energy has not ...

Marathon Petroleum benefits from high margins as a result of falling global refinery output. The company is running at a very high utilization rate and boosting free cash flow and EBITDA to record-breaking levels. Its dividend yield isn't that high, but future (aggressive) hikes a...

Marathon Petroleum reported a total income of $54.24 billion in the second quarter of 2022, up 81.84% from the same quarter a year ago and up 41.4% sequentially. The operating income from the Refining & Marketing and the Midstream units totaled $7,134 million and $1.072 billion, r...

News that Elliott is involved in Suncor is not new, but we're starting to see the impacts of that. Elliott appointees will assist in a new CEO search, and expect the company to agree to a retail divestiture to raise capital later this year. $2,150mm in identified cost synergies ar...