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Marathon (NYSE:MPC) (NYSE:MPLX) has resumed flows on its Ozark pipeline in Illinois Wednesday, and the pipe is flowing at ~330kb/d or ~90% of nameplate capacity, following a leak reported late last week. The pipe links Cushing to the Philips (NYSE:PSX) and Cenovus (NYSE:CVE) Wood Ri...
Refiners were hit particularly hard in a day that saw oil and gas related stocks post broad losses, as Valero Energy (VLO -6.8%) racked up the biggest loss of the entire S&P 500, with Phillips 66 (PSX -3.7%) and Marathon Petroleum (MPC -2.9%) also down sharply along with crude oil prices....
Crews from Marathon Petroleum (MPC -1.1%) and state and local environmental agencies are working to clean up an oil spill that happened Friday afternoon in southern Illinois near Edwardsville, which leaked an estimated 165K gallons into a local canal before containment. As of 7 p.m. on Sunday...
Given the hit to supply from sanctions on Russia, domestic crude producers like Continental Resources and Diamondback Energy are uniquely positioned to benefit from higher WTI crude prices. Harold Hamm purchased $20 million of Continental Resources last week. Other interesting ins...
Following news over the weekend that Russia and Ukraine were nearing a diplomatic agreement, the broader energy complex sold off Monday morning. WTI (NYSEARCA:USO) was lower by ~$8, while the sector (NYSEARCA:XLE) sold off ~4% in early trading. Tellurian (NYSE:TELL) led the way lower, followe...
--News Direct-- Marathon Petroleum provided a $250,000 grant to complete construction of a new center for North Dakota’s Gateway to Science. The new complex will give students and visitors access to a hands-on science center that promotes educational activities and reaches ...
In a direct address to the oil & gas industry Tuesday, President Biden said, "to the oil and gas companies ... it's no time for profiteering or price gouging." Hours later, Senator Warren made an appearance on MSNBC saying, "I'm co-sponsoring a bill on windfall profits tax. We get it...
Marathon Petroleum reported a better-than-expected adjusted income of $794 million, or $1.30 per share, for the fourth quarter. Revenues were up significantly from $18.19 billion to $35.61 billion. The company repurchased shares worth $2.742 billion during the October-December period....
--News Direct-- Marathon Petroleum Corporation (MPC) is connecting underserved youth who live near its Salt Lake City refinery with dental care they may not be likely to receive otherwise. MPC recently gave a $50,000 grant to the Roseman University College of Dental Medicine to fund two...
Absent a takeover offer by Berkshire Hathaway, now may be a great time to sell Occidental Petroleum. Peak bullish sentiment for crude oil and natural gas is here, as Russia invades Ukraine. We look to be in the exact opposite, news-induced, energy market setup today vs. the pandem...
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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 ...