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Last week, Phillips 66 made a big move to increase its economic interest in DCP Midstream. First, PSX announced it increased its stake in DCP from 28.26% to 43.31% by buying some of Enbridge's stake in what used to be a 50/50 joint venture. The next move PSX made was to announce a...
RPV is a “pure value” S&P 500 ETF. It is overweight in financials, especially in insurance. It has underperformed the S&P 500 since inception, but beats it in 2022 to date. I see two characteristics increasing risks in its strategy. RPV Strate...
--News Direct-- Marathon Petroleum’s Garyville refinery provided a $350,000 workforce development grant to strengthen local education. The grant supports current and future teachers in St. John the Baptist Parish (SJBP) Public Schools by creating a pathway to teacher ...
Energy Aspects founder Amrita Sen said Thursday that oil prices will likely jump back above $100 a barrel in the near-term, as the low-demand summer season passes. However, she identified Iran as a possible wildcard, with increased supply from that country potentially delivering downward pr...
First Eagle Investments is an independent, privately owned asset management firm dedicated to serving the needs of individuals and institutions worldwide as well as the financial professionals that advise them. Financial markets continued to stagger in the second quarter, and the pain...
The U.S. Federal Energy Regulatory Commission on Tuesday approved a request from Marathon Petroleum ( NYSE: MPC ) for more time to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal. FERC first approved the request from the Trans-Foreland ...
The Department of Energy said Thursday that nine companies will buy 20M barrels of oil in the latest sale from the U.S. Strategic Petroleum Reserve , part of the Biden administration's release of 1M bbl/day of crude oil for six months. The companies buying oil Thursday included ...
--News Direct-- For more than a decade, Marathon Petroleum (MPC) has worked with CIRCON Environmental to convert hazardous waste from oil tanks to waste-derived fuels used in cement production. At a ceremony last week, CIRCON presented MPC with its inaugural Sustainability Leadershi...
Vanguard Energy ETF is a broad bet on the crucial role of oil and gas in global energy supply. Renewable energy supply is increasing with decreasing costs and plans for increased capacity. Global demand for energy from all sources is also growing. So far, renewable energy has not ...
Marathon Petroleum benefits from high margins as a result of falling global refinery output. The company is running at a very high utilization rate and boosting free cash flow and EBITDA to record-breaking levels. Its dividend yield isn't that high, but future (aggressive) hikes a...
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An emergency food pantry in Dickinson, North Dakota, recently got help in meeting local needs after issuing a public call for assistance via social media. The Association to Meet Emergency Needs pantry needed to replenish its supply shelves, prompting support from Marathon Petroleum's Dick...
NORTHAMPTON, MA / ACCESSWIRE / July 16, 2024 / Marathon Petroleum Corporation The Port of Long Beach, California, is supporting an effort to reduce debris in the port with devices that collect trash from the surface of the water. Marathon Pipe Line installed two electric trash skimmers ...
2024-07-12 07:30:08 ET Wells Fargo analyst issues OVERWEIGHT recommendation for MPC on July 12, 2024 05:59AM ET. The previous analyst recommendation was Overweight. MPC was trading at $164.29 at issue of the analyst recommendation. The overall analyst consensus : BUY. ...