Oct 31- U.S. refining company Marathon Petroleum Corp posted a lower-than-expected quarterly profit on Thursday, hurt by shrinking crude discounts and weakness in products markets.
Oct 31- U.S. refining company Marathon Petroleum Corp on Thursday said its third-quarter profit fell sharply, hurt by shrinking crude discounts and weakness in products markets. For the quarter, Marathon posted net income of $168 million, or 54 cents per share, compared with $1.22 billion, or $3.59 per share, in the year-ago quarter.
WASHINGTON, Sept 24- The head of the Senate Agriculture Committee asked the regulator of the U.S. futures markets on Tuesday to probe whether traders have manipulated the price of biofuel credits that soared over the summer and were blamed for raising gasoline prices.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents. The four plaintiffs whose cases began on Wednesday are seeking compensation of $200,000 each from BP.
The "Fast Money" traders share their final trades of the day.
Stocks have had a run of bad days as investors worry about the effects of Fed tapering, which could start as soon as September. But some experts say the markets have it all wrong.
In a note to clients, Goldman Sachs strategist David J. Kostin on Wednesday identified what he thinks are the top 40 most undervalued stocks.
U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile.
LONDON/ HOUSTON, Aug 1- Some of the western world's top oil companies abandoned output targets and missed profit forecasts on Thursday as they promised to clamp down on rising costs that hurt quarterly results. That's not a good combination, "said Brian Youngberg, an oil analyst with Edward Jones in St Louis.
July 30- BP Plc said on Tuesday it did "quite well" during a recent spike in the price of U.S. ethanol credits that is costing some U.S. refiners hundreds of millions of dollars.
*Goldman Sachs profit doubles, helped by bond trading. Marathon Petroleum dropped 4.1 percent to $70.13. Alcoa slid 1 percent to $8.09.
*Goldman Sachs profit doubles, helped by bond trading. Energy and material shares ranked among the day's worst performers, with Marathon Petroleum falling 5.2 percent to $69.32 and Alcoa sliding 1.1 percent to $8.08. Financial stocks, which started the day as outperformers, also dropped despite strong earnings from Goldman Sachs.
Check out which companies are making headlines after the bell Monday:
June 13- Marathon Oil Corp tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year. Lee Tillman, Exxon Mobil's vice president of engineering, will take the top post at the energy exploration company in January 2014, Marathon Oil said on Thursday.
Brian Stutland explains why options traders are betting big on oil refiners.
For the intrepid investor there are ways to consider Emerging Europe for your portfolio. This Here are three approaches.
As stocks surge, traders are springing for calls. And one name seeing heavy call volume is oil and gas giant BP.
Jim Cramer thinks this company could unlock significant value with the simple stroke of a pen.
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.