MPC News and Press, Marathon Petroleum Corporation From 03/31/22

--News Direct-- Marathon Petroleum donated $250,000 to The Ohio State University School of Environment and Natural Resources (SENR) to advance terrestrial wildlife ecology research, student learning and sustainability, and diversity and inclusion scholarships. $165,000 for res...

--News Direct-- Marathon Petroleum Corporation (MPC) is enhancing career opportunities in El Paso and the West Texas region through a $274,000 grant that opens a clear path for high school students to enter the skilled trades. The company will provide industry-grade equipment and guidan...

Shortly following the war in Ukraine, Shell (SHEL) and BP (BP) told customers to expect reduced supplies of diesel fuel. Earlier this week, the heads of three commodity trading houses said that Europe would face fuel shortages this summer. And two announcements Thursday suggest shor...

In the face of spiking energy costs, politicians have taken measured steps to mitigate the impact of higher prices on consumers. Before the war in Ukraine, Italy provided $4.3b to reduce retail energy bills. Japan adopted emergency measures to ease wholesale gasoline prices, measures which ha...

MPLX and Energy Transfer are two investment grade high-yield midstream MLPs. Both have been boosted by soaring energy prices. We believe ET is clearly a better buy than MPLX today. For further details see: Forget MPLX, Buy Energy Transfer Instead

Wells Fargo analyst Roger Read published a bullish note Wednesday, lifting refinery earnings estimates amidst resilient demand and skyrocketing margins. The analyst raised Marathon's (MPC) 2022 earnings estimates 37%, PBF's (PBF) 39%, and Valero's (VLO) 19%. The note cited tight inv...

Marathon Petroleum Corp. to Report First-Quarter Financial Results on May 3, 2022 PR Newswire FINDLAY, Ohio , March 22, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 3, 2022 , at 11 a.m. ET t...

During a presentation at the FT Commodities Summit in Switzerland, heads from Commodity trading houses Gunvor and Trafigura said Europe should expect "stock outs" of diesel fuel. Europe relies on Russian diesel imports for ~15% of supply, and recent self-sanctioning appears to be impacti...

Koch Industries, the sprawling industrial conglomerate based in Wichita, has taken a slightly different approach to investing in the energy transition. The Company has invested over $3.5b through its "Koch Strategic Platforms" business since the beginning of 2021, with the lion's share of cap...

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