• MPC

Marathon, Teamsters reach pay deal at Detroit refinery

Teamsters at Marathon Petroleum's Detroit refinery ratified a seven-year agreement after a three-month strike, leading to plans for their return to work.

• BP
• CL
• MPC
• PSX

Trump's proposed tariffs on Canada would drive up pump prices, analysts warn

• MPC

Earnings call: Marathon Petroleum sees strong Q3 with robust outlook

Marathon Petroleum reported Q3 2024 earnings of $1.87 per share and plans strategic investments amid anticipated record refined product consumption and shareholder returns.

• MPC

Marathon Petroleum beats Q3 estimates, shares rise 4%

Marathon Petroleum's Q3 earnings surpassed expectations, with EPS at $1.87 and revenues at $35.37 billion, while projecting strong fourth-quarter refinery throughputs.

• MPC

Marathon Petroleum earnings beat by $0.83, revenue topped estimates

Marathon Petroleum's Q3 EPS is $1.87, surpassing estimates. Revenue reached $35.37B. Stock down 16.77% in 3 months. Financial health rated as good.

• MPC
• XOM

Exxon director joins Elliott group seeking to acquire Citgo Petroleum

Exxon director Gregory Goff joins Amber Energy to bid for Citgo, navigating a competitive landscape against Exxon in oil refining amid legal and financial complexities in Venezuela.

• MPC
• XOM

Exxon director joins Elliott group seeking to acquire Citgo Petroleum

Gregory Goff, Exxon board member, becomes Amber Energy CEO to lead a bid for Citgo Petroleum, competing with Exxon in the oil refining business amid significant financial stakes.

• MPC

Teamsters could extend strike to other Marathon refineries as Detroit negotiations stagnate

Marathon Petroleum faces a strike from 200 workers at its Detroit refinery, demanding higher pay and union security, with potential expansion to other plants.

• CL
• CVX
• MPC
• PSX
• VLO

US West Coast refiners still waiting for TMX margin boost

The expanded Trans Mountain pipeline has not significantly impacted U.S. West Coast crude costs; most TMX barrels are being exported to Asia, surprising analysts.