Marathon Petroleum Corp
NYSE: MPC
$135.35
+$1.37 (+1.0%)
Closing Price on December 24, 2024
MPC Articles
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance for the fourth quarter, projecting a loss of -$0.55 to -$0.80. The consensus...
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The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline’s flow...
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The markets opened lower this morning and not until mid-afternoon were equities able to put a mark above yesterday’s close. European stocks traded mixed all day, and that coupled with rising crude...
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Two major oil refiners have reported third-quarter earnings since the market closed last night. Both posted better-than-expected earnings primarily due to sharply higher refining margins. Western...
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In the week ended September 16th, the US exported more refined products than it imported. Year-over-year, the US is now exporting 714,000 barrels/day more refined products than it is importing. The...
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The refining business has been in the news a lot recently for two things. One, it’s making money again. Two, integrated oil companies are shedding refining assets at a rapid pace. Now’s a good...
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Beginning in the early 1990s, integrated oil companies and some independents began stripping away their midstream assets like interstate pipeline and gathering systems to focus more on the...
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So far this year we’ve noted a couple of major spin-offs in the energy section. Marathon Oil Corp. (NYSE: MRO) spun out its downstream business into Marathon Petroleum Corp. (NYSE: MPC) and Tesoro...
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This past weekend’s startling developments in Libya hit the crude oil markets almost instantly. Brent crude in Europe fell to around $105/barrel at one point, while WTI crude has gained about half...
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As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is oil and gas, about which...
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The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and the wider market are making a...
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When Kraft Foods Inc. (NYSE: KFT) announced its deal to acquire Britain’s Cadbury in May 2010, investor Warren Buffett proclaimed it a “dumb” deal and promptly cut his holdings in Kraft stock...
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Analysts at a number of investment banks suggest that BP plc (NYSE: BP) follow the lead of ConocoPhillips Corp. (NYSE: COP) and Marathon Oil Corp. (NYSE: MRO) in splitting off the company’s...
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Looks like the whispers we were hearing yesterday about a split-up of some sort at oil major ConocoPhillips Corp. (NYSE: COP) were true. The company has announced this morning that it will spin-off...
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