Previous 10 | Next 10 |
Par Pacific was initially intriguing as a niche oil refiner with unheralded positions in Hawaii and Wyoming (and now Washington). The company wrote down its entire investment in Laramie Energy, and at March 31, 2021, liabilities were a steep 86% of assets. While the refining secto...
MPC refines crude oil into oil products. MPC shares have corrected. Reason one: Crack spreads say higher. Reason two: US energy policy vs. reality. Reason three: The medium-term trend remains higher, and the dividend is sweet. For further details see: 3 Reasons M...
imaginima/E+ via Getty Images WTI crude oil futures tumble below $70/bbl for the first time in more than a month, as OPEC and its allies agreed to increase production at the same time the COVID-19 delta variant threatens global demand. WTI August crude (CL1:COM) settled -7.5% at $66.42/b...
Stock prices for independent refiners have witnessed significant gains as Covid strictures have been loosened. Cash flows are still anemic compared to pre-Covid levels. Crude sourcing, refining efficiency and lowered carbon footprint now the keys to success. Valero is my top c...
Midstream ended the week lower after completing its ninth straight month of gains the prior week. Despite the sector’s historic run, it remains inexplicably cheap. We search for reasons why and discuss their validity. For further details see: Midstream Weekly Reca...
Marathon Oil benefits from higher oil and gas prices. Bakken & Eagle Ford are its focus, with operations also in Oklahoma & Permian. Overseas it produces gas from Equatorial Guinea. This $10.5 billion market-cap company just increased dividends slightly for a 1.2% yield. The i...
halbergman/E+ via Getty Images Oil prices have dropped in volatile trade since OPEC's failure after powering higher for most of this year, but oil spreads - the difference between international and U.S. crude prices - are falling. Brent crude settled today -1.5% at $73.43/bbl, while U.S. WTI ...
The constituents of the Alerian Energy Infrastructure Index (AMEI), which include midstream MLPs and corporations, continue making strides on the ESG front, supporting the case for midstream as an ESG-conscious investment. The constituents of the Alerian Midstream Energy Infrastructur...
Marathon Petroleum's sale of Speedway to 7-11 for $21 billion is complete; however, the FTC is requiring the spinoff of 270 stations and investors appear underwhelmed by initial plans for proceeds. This $40 billion market cap company, also a 62% owner of $30.7 billion MPLX, pays a reg...
jferrer/iStock via Getty Images Union workers at Marathon Petroleum's (MPC) St. Paul Park refinery in Minnesota have approved a new contract, ending a five-month work stoppage. The local Teamsters union says its ~200 members will return to work July 6 at Marathon's 104K bbl/day refinery follo...
News, Short Squeeze, Breakout and More Instantly...
Marathon Petroleum Corporation Company Name:
MPC Stock Symbol:
NYSE Market:
Marathon Petroleum Corporation Website:
Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region PR Newswire AUSTIN, Texas , July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE: M...
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 ...