Previous 10 | Next 10 |
Marathon Oil Corporation has paid down over $1 billion in debt. Dividends are small, but it is repurchasing shares as part of returning +50% of cash flow from operations 1Q22. This $14.6 billion market-cap company produces significant oil volumes from the North Dakota Bakken. Improved...
Energy sector has reversed dramatically, falling close to 25% since. The price of oil has pulled back significantly, which causes compression in gross margins for suppliers. Most industries will breathe a sigh of relief, but energy companies will be in the other camp. Up...
Crude oil futures extended their losses on Wednesday following yesterday's brutal selloff, with Brent futures now joining WTI in dipping below $100/bbl amid ongoing worries about a recession that would hurt energy demand. August WTI crude ( CL1:COM ) -3.2% at $96.27/bb...
India announced restrictions on gasoline and diesel exports Friday, in a move that could further tighten global oil product markets. The country exported 1.4mb/d of gasoline and diesel in May, and the government would like to see more product sold into the domestic market. The new syste...
Short-term market outlook through 2023. Long-term market outlook through 2050. Growth in natural gas liquids v. no growth in petroleum use. Results in need for NGL infrastructure and oversupply of petroleum infrastructure. An NGL DIY portfolio has advantages over KYN, but ...
KYN is the largest energy infrastructure closed-end fund of $1.5 billion. Its long-term return has been low and maximum drawdown high. It aims to position for the energy transition. But the largest allocations include petroleum. A natural gas liquids-centric portfolio woul...
--News Direct-- Using the internet is a routine part of life across most of the U.S., but not in the 79905 ZIP code of El Paso, Texas. This section of the city faces a technology gap, or digital divide, which refers to limited broadband internet access because of a lack of availability ...
MPLX is one of our favorite midstream equities at its current price. Valuation range: $35 to $43. Price target: $39, which is 36.8% higher than the current unit price. For further details see: MPLX: Buy This 10% Yield At A Steep Discount To Value
PBF is a large independent US oil refiner. Its share price ROR has lagged its peer group for poor profitability. It lost money in Q1'22 despite higher refinery margins. But market fundamentals are supportive and crack spread futures are at record highs. The Company should ...
Shares of energy companies fell sharply on Thursday, again sitting at the bottom of the S&P 500 leaderboard, as signs of slowing consumption sent oil prices sliding to six-week lows. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) closed -3.7%, slumping 25% from its peak in early June an...
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 ...