MPC News and Press, Marathon Petroleum Corporation From 12/08/21

--News Direct-- Leaders from Marathon Petroleum’s Garyville refinery announced a second round of community investment grants to support the ongoing relief and rebuilding efforts in St. John the Baptist Parish, home to the Garyville refinery. Just days after Hurricane Ida caus...

I screened the holdings of the Vanguard Value ETF for stocks whose P/E ratios, prices relative to 1 Year Targets, EPS growth rates, and dividend growth Rates make them appealing. Only 23 of the ETF's 347 holdings passed these screens. Many of those that did were strongly cyclical or a...

--News Direct-- MADISON, Wis., December 2, 2021 /3BL Media/ - Virent contributed to an aviation industry first, as United Airlines flew an aircraft full of passengers using 100% sustainable aviation fuel (SAF) in one engine and petroleum-based jet fuel in the other. Virent, a Marat...

Monthly update of the Dividend Champions List. 75 companies declared higher dividends in the past month, with an average increase of 8.55% over their previous payouts. Eight new Contenders, and two new Challengers. For further details see: Dividend Champions For December...

Deputy Energy Secretary Turk out with comments at the Reuters Next conference, indicating the Biden White House is continuing to study a possible reinstatement of the crude oil export ban Refiners, including Valero (NYSE:VLO), Marathon (NYSE:MPC), PBF (NYSE:PBF), and Delek (NYSE:DK) are outpe...

WTI and Brent crude oil benchmarks both plunge more than 10% as a newly discovered coronavirus strain sparks fears over the global economic recovery and the potential effects on travel and oil demand. U.S. crude for January delivery (CL1:COM) -11.5% to $69.32/bbl for its biggest drop sin...

The  recently announced Strategic Petroleum Reserve ("SPR") release shows the White House doubling down on its view that oil prices will fall in 2022 32m of the 50m barrel release will come as an "exchange" of barrels, whereby participants will receive barrels today in exchange for an ob...

MPLX maintains a high quality asset base and has the backing of Marathon Petroleum as its key customer. It has seen pipeline volume growth, and is benefiting from higher NGL prices. Meanwhile, MPLX maintains a strong balance sheet. Management is focused on share buybacks and the d...

The U.S. Environmental Protection Agency proposes to extend the reporting deadline for the 2020 and 2021 compliance years for oil refiners and importers to prove compliance under the Renewable Fuel Standard. The EPA says the plans are driven by the need to allow "the proper sequencing of dead...

Marathon Petroleum reported $32.61 billion in the third quarter of 2021, up 85.8% from the same quarter a year ago and up 9.3% sequentially. Refining operating costs were $4.97 per barrel for the quarter, down from $5.41 in 3Q20. I recommend accumulating MPC at or below $63. Howev...