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Marathon Petroleum Corp

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  • 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.

  • HOUSTON/ NEW YORK, May 5- The U.S. oil and gas renaissance that has bestowed unexpected prosperity on states from North Dakota to Pennsylvania and boosted distillate production to a record high in the Midwest is also causing pockets of fuel scarcity: just ask Arkansas.

  • May 1- U.S. independent refiner Phillips 66 expects North Dakota's Bakken crude oil to be competitively priced to move via rail to East and West coast markets despite a narrowing of the U.S. crude benchmark's price discount to London's Brent, an executive told analysts on Wednesday.

  • *Valero EPS $1.18 v Street $1.00. HOUSTON, April 30- Valero Energy Corp and Marathon Petroleum Corp reported higher first-quarter profits on Tuesday as both U.S. refining companies continued to look for ways to boost the use of cheaper domestic crude oil.

  • April 30- Marathon Petroleum Corp on Tuesday reported a 22 percent increase in quarterly earnings, helped by higher sales from its Galveston Bay plant. Marathon, the third-largest stand-alone U.S. refining company, said its first-quarter profit was $725 million, or $2.17 per share, compared with $596 million or $1.70 per share, a year earlier.

  • Marathon said its first-quarter profit was $725 million, or $2.17 per share, compared with $596 million or $1.70 per share in the same quarter a year earlier.

  • Fed May Provide a Safety Net for the Market Friday, 26 Apr 2013 | 8:08 PM ET
    A trader at the Chicago Board Options Exchange (CBOE).

    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.

  • Fill 'Er Up! Cheaper Gas Prices Are Coming Soon Wednesday, 24 Apr 2013 | 2:34 PM ET

    A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.

  • Stocks finished sharply lower Wednesday, with the S&P 500 and Nasdaq falling 1 percent each, amid building worries over North Korea and after San Francisco Federal Reserve Bank President John Williams said the central bank could begin to taper purchases this summer if the economy continues to improve.

  • *CVR Energy, HollyFrontier vulnerable to higher RIN costs. CVR Energy Inc and HollyFrontier Corp, inland refiners with limited capacity to blend biofuels into the pipeline, are suffering from a jolt to investor confidence while stocks of their coastal peers continue a two-year upward march.

  • Which leaders might continue to drive the market in Q2. Cramer crunched the numbers.

  • Hess Breakup Maps Path to Shale Riches Monday, 4 Mar 2013 | 12:16 PM ET

    Hess plans to split off its oil and gas refining and marketing businesses to refocus on drilling its shale energy assets.

  • Who Benefits From High Gasoline Prices? Wednesday, 20 Feb 2013 | 5:18 PM ET

    Retail gas prices are up for the tenth consecutive week, reaching their highest level since October. Who's winning here?

  • *Marathon now owner of refinery with deadly past under BP. HOUSTON, Feb 1- Marathon Petroleum Corp on Friday closed its $2.4 billion acquisition of BP Plc's Texas City, Texas, refinery, both companies said.

  • Jan 30- The uneven impact of the shale oil boom on the U.S. refining industry was brought into stark relief this week as Midwest and Gulf Coast refiners with easy access to cheap domestic crude posted strong earnings, while weak margins spelled the death of another East Coast plant.

  • *Sale of California plants not ruled out. HOUSTON, Jan 30- Phillips 66 is studying "any and all options" for its California refineries given challenges with state regulatory requirements and high costs, Chief Executive Greg Garland told analysts on Wednesday.

  • Jan 30- Oil refiners Phillips 66 and Marathon Petroleum Corp reported quarterly earnings that raced past Wall Street estimates as they processed more of the cheaper crude from North American shale fields, lifting their refining margins. Phillips 66' s shares rose 5 percent to $62.75 in early trade on Wednesday, while those of Marathon were up 1 percent at $72.92.

  • If You Like Hess, You'll Love These Three Instead Wednesday, 30 Jan 2013 | 9:25 AM ET

    These three undervalued oil companies are concentrating on growing their production of crude oil, just like Hess.

  • Midday Movers: CSCO, DHI & More Tuesday, 29 Jan 2013 | 1:33 PM ET

    Take a look at some of Tuesday's midday movers:

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