MPC News and Press, Marathon Petroleum Corporation From 06/19/22

Investors should own stable stocks as they grapple with tighter monetary policy and slowing growth, Goldman Sachs strategist David Kostin says. "Firms with low share price volatility and stable earnings growth should outperform in the uncertain macro environment," Kostin and team wrote in a n...

Refining stocks have surged this year. Little-known oil refiners PBF Energy (NYSE: PBF) and Delek US Holdings (NYSE: DK) have seen their share prices more than double in value. Meanwhile, larger industry leaders Valero (NYSE: VLO) , Ma...

According to sources cited by Bloomberg, the White House is weighing oil product (gasoline, diesel, etc.) export limits. The limits under consideration would fall short of a comprehensive ban, according to Bloomberg sources. Curtailing exports could have geopolitical repercussions, as Europe ...

Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese econom...

--News Direct-- June 16, 2022 /3BL Media/ — Marathon Petroleum’s Logistics & Storage (L&S) organization was recently recognized by the U.S. Coast Guard (USCG) for its outstanding environmental stewardship. The Rear Admiral William M. Benkert Marine Env...

Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 2, 2022 PR Newswire FINDLAY, Ohio , June 16, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 2, 2022 , at 11 ...

The oil and gas sector (NYSEARCA:XLE) lost the most ground among S&P sectors in Wednesday's trading, as crude oil futures fell to two-week lows on concerns about demand and the Federal Reserve's aggressive rate hikes. Energy stocks sold off sharply after the Federal Reserve raised interes...

Late Wednesday, Exxon (XOM) responded to Biden's letter requesting solutions to the ongoing oil refining crisis. In the short term, "the US government could enact measures often used in emergencies following hurricanes or other supply disruptions -- such as waivers of Jones Act provisions and...

Soaring oil and gas prices are causing a lot of pain at the pump for consumers in the U.S. and around the world. For Chevron (NYSE: CVX) and other oil giants, however, the tight energy market has brought a big boost in profits and impressive share-price gains. President Joe Bide...

--News Direct-- Marathon Petroleum’s Transport and Rail (T&R) organization has announced two new partnerships with the Women in Trucking Association (WIT) and the Women in Trucking Foundation . Leaders recognize that industry associations that connect us with qualifie...