MPC News and Press, Marathon Petroleum Corporation From 04/18/22

Oil (CL1:COM) traded marginally higher ahead of the US equity market open Monday, as major production outages in Libya offset demand weakness related to China's pandemic response. The outages in Libya appear to be protest-related and the story is developing rapidly. While demand impacts ...

--News Direct-- Angel Reeves spent 15 years working as a mid-level manager in corporate America. She had a desk job while she raised her family, but she always felt like she wanted to get out and explore the world. She was tired of office politics and finally decided to try a new career...

Investible ETFs that passively reflect the S&P 500 hold immense concentration. The top ten companies in the S&P 500 make up approximately 30% of the overall index. The S&P 500 is an index that lists U.S. companies with some of the largest market cap levels. Large market ca...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips EOG Resources  ( EOG ): Is increasing profitability while paying off debt Marathon Petroleum  ( MPC ): Is the third-largest crude oil refining company stateside and has a new partnership T...

Brent oil (CO1:COM) prices fell ~2% Thursday, to trade below $100/b and approach levels last seen prior to Russia's invasion of Ukraine. Pandemic-related lockdowns in Shanghai, an historic strategic petroleum reserve release (USO), and slowing US oil demand growth (MPC) have all contribu...

--News Direct-- The Environmental Protection Agency (EPA) is in the process of reviewing regulations that have the potential to impact the petroleum terminal industry. The International Liquid Terminals Association (ILTA), the only trade association that exclusively focuses on t...

Update: In another sign of impending distillate fuel shortages, jet fuel traded at ~$320/b in New York Monday ($7.61/g), a ~$200+ premium to crude feedstock prices. The jet fuel premium is ~10x larger than any premium seen in the past ~30yrs. Par Pacific (PARR) has the most exposure to d...

In a note Sunday, Goldman's commodity team wrote that a new pricing regime for oil (USO) requires "demand destruction" for oil products. However, as high prices lead to falling demand for products like gasoline, Goldman expects distillate fuel demand to remain strong and margins to remain hig...

Shares of Marathon Petroleum Corporation (NYSE:MPC) traded at a new 52-week high today of $86.83. Approximately 1.3 million shares have changed hands today, as compared to an average 30-day volume of 6.9 million shares. Marathon Petroleum Corporation (NYSE:MPC) is currently priced 2.3% a...

--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...