MPC News and Press, Marathon Petroleum Corporation From 06/22/23

2023-06-22 14:38:56 ET Summary Marathon Petroleum Corporation reported a total income of $35.08 billion in the first quarter of 2023, down 8.6% from the same quarter a year ago and down 12.5% sequentially. Marathon Petroleum declared a global R&M margin of $26.15 per Bbl based...

2023-06-21 08:51:12 ET Summary Marathon Petroleum presents a compelling opportunity for long-term investors seeking downstream energy exposure, with strong financial performance and potential for growth. The refining industry is experiencing a secular tailwind due to subdued suppl...

2023-06-16 09:32:02 ET Summary Ohio-based MPLX LP offers a high dividend yield of 9% with a healthy payout ratio and a favorable long-term outlook. The company, founded in 2012, operates a network of crude oil and refined product pipelines, terminals, and storage facilities, with ...

2023-06-15 18:38:59 ET Summary The U.S. refiner Valero Energy Corporation reported first-quarter 2023 adjusted earnings of $8.27 per share, a significant increase from $2.31 per share in the year ago quarter. Refining throughput volumes were 2,930K barrels per day for the fir...

2023-06-15 07:00:00 ET Summary Yield traps are about to slash their dividends in the coming recession. MPLX LP offers the highest conservative yield on Wall Street, with stable, recession-resistant cash flow, and a fortress balance sheet that's getting stronger every year. MPL...

Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 1, 2023 PR Newswire FINDLAY, Ohio , June 13, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 1, 2023 , at 11 a.m. EDT to...

2023-06-13 11:55:56 ET The U.S. Environmental Protection Agency is seeking more time to finalize biofuel blending volume quotas for 2023-25, delaying an announcement of the targets until next week, Reuters reported Tuesday. The final rule is set to mark a new chapter of the Renewable ...

NORTHAMPTON, MA / ACCESSWIRE / June 6, 2023 / Marathon Petroleum Corporation The United Way of Hancock County in Ohio organized its spring Days of Caring event to bring together more than 900 volunteers to complete 100 service projects in five days. The volunteers logged 3,600 community s...

2023-06-01 10:38:18 ET Summary Phillips 66 reported first-quarter 2023 adjusted earnings per share of $4.21 from $1.32 a year ago, beating analysts' expectations. Total revenues were $35.09 Billion in 1Q23, down slightly from $36.72 billion a year ago. The quarterly dividend i...

2023-05-31 23:23:19 ET Summary In this four-part series, I will review how to structure a dividend investor's oil and energy portfolio with my oil and energy playbook. Part 2 will discuss the general strategy and our second position, the running back. The playbook discusses st...