Marathon Petroleum Corp
NYSE: MPC
$158.48
-$0.81 (-0.5%)
Closing Price on November 22, 2024
MPC Articles
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...
Published:
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...
Published:
Last Updated:
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...
Published:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
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...
Published:
Last Updated:
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...
Published:
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...
Published:
Last Updated:
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...
Published:
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...
Published:
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Baidu, Inc. (NASDAQ: BIDU) Cut to Hold at S&P Equity Research...
Published:
Last Updated:
We have some major changes announced by S&P for its three key indexes. Changes are in the S&P 500 Index, S&P Mid-Cap 400 Index, and in the S&P SMall Cap 600 Index. Marathon...
Published: