Marathon Petroleum Corp


  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • Jan 2- Linn Energy LLC cut its 2015 capital budget by 53 percent to $730 million, joining other oil and gas producers in reducing expenditure in response to falling oil prices. Linn Energy shares were up about 16.6 percent at $11.81 in afternoon trading on Friday, after having fallen nearly 12 percent in premarket trading. Linn Energy also said GSO Capital...

  • Motiva backs off hydrocracker expansion at Texas refinery Wednesday, 17 Dec 2014 | 3:19 PM ET

    HOUSTON, Dec 17- Motiva Enterprises has withdrawn its permit request to expand a hydrocracker and diesel hydrotreater unit at its Texas refinery, the largest in the United States. In a brief letter received by the U.S. Environmental Protection Agency earlier this month, Motiva asked, without explanation, to withdraw its August permit application for the...

  • Dec 16- Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include Marathon Petroleum Corp, Valero Energy Corp, HollyFrontier Corp and a consortium of...

  • *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. While oil fell 1 percent to $68.35 per barrel- extending a decline that has taken the commodity down...

  • Wall St Week Ahead-Giving thanks for big stock gains Friday, 21 Nov 2014 | 1:29 PM ET

    NEW YORK, Nov 21- U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows. Citigroup on Thursday wrote that the market was "on the edge of euphoria... causing us to be more cautious," while Goldman...

  • Cramer plays oil merger matchmaker Wednesday, 19 Nov 2014 | 6:55 PM ET

    Jim Cramer is feeling inspired by mergers announced recently and thinks these two large players in the oil patch should get hitched.

  • Cramer Remix: This stock has begun to turn around Monday, 17 Nov 2014 | 7:08 PM ET
    Jim Cramer on Mad Money.

    Wall Street research was ready to give up, but "Mad Money" host Jim Cramer thinks this could be the start of a major turnaround.

  • Cramer: What the election means for your money Wednesday, 5 Nov 2014 | 7:20 PM ET

    Not partisan: "Mad Money" host Jim Cramer only cares about your portfolio.

  • Marathon CEO to Cramer: ‘Low oil is a good thing’ Wednesday, 5 Nov 2014 | 6:24 PM ET
    Detroit refinery of the Marathon Petroleum Corp.

    Jim Cramer sits down with Marathon Petroleum Corp CEO to discuss whether low oil prices are good for the consumer. Are we close to an oil bottom?

  • Nov 5- U.S. refiner HollyFrontier Corp reported its first profit miss in four quarters as sales volumes fell and operating expenses rose due to reduced activity at two refineries. HollyFrontier shares fell as much as 5.5 percent, while most other energy stocks rose after Republicans gained control of the U.S. Senate. HollyFrontier's results contrasted those...

  • NEW YORK, Nov 4- At least three oil companies are still actively bidding for Citgo Petroleum Corp, the U.S. refining arm of Venezuela's PDVSA, even after the country's finance minister said that the auction was no longer going ahead, according to three people familiar with the situation. The investment bank hired by PDVSA to conduct the sale, Lazard Ltd, has not ended...

  • Oct 31- A surge in refining profits boosted quarterly results for Exxon Mobil Corp and Chevron Corp, helping to offset lower oil and gas output and slumping crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted results.

  • Your first trade for Tuesday Monday, 27 Oct 2014 | 6:33 PM ET

    The "Fast Money" traders share their final trades of the day.

  • After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group and Delta Air Lines Inc, which lacked the credit agreements or oil trading expertise to efficiently supply their new plants. On Tuesday, Philadelphia Energy Solutions LLC, the biggest refinery on the East Coast, became the latest to join the...

  • Early movers: SODA, DNKN, AMZN, T, MCD & more Tuesday, 7 Oct 2014 | 8:00 AM ET
    Traders work the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • HOUSTON, Sept 22- The fast-changing nature of crude oil flows in the Americas means only one of three Citgo refineries in the United States will generate keen interest among buyers as Venezuela's cash-strapped state-run PDVSA looks to sell its U.S. unit, and it may fetch less money than hoped, experts say.

  • Your first trade for Thursday Wednesday, 17 Sep 2014 | 1:24 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Midday movers: Caterpillar, RadioShack, Tiffany & more Wednesday, 10 Sep 2014 | 1:31 PM ET

    Some of Wednesday's midday movers:

  • NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.