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IRS Official Lois Lerner Placed on Administrative Leave

Marathon Petroleum Corp

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  • 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:

  • Midday Movers: HPQ, MRO & More Monday, 10 Dec 2012 | 12:48 PM ET

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

  • Marathon Embraces Growing Crude Oil Spread: CEO Wednesday, 5 Dec 2012 | 3:22 PM ET
    Gary Heminger

    Widening spreads between U.S. light, sweet crude and Brent crude prices will be a catalyst for earnings at refiner Marathon Petroleum, CEO Gary Heminger said.

  • WASHINGTON, Dec 4- U.S. miners who are booking big profits on coal sales to Asia are enjoying an accounting windfall to boot. "We are committed to collecting every dollar due," said Patrick Etchart, spokesman for the Office of Natural Resources Revenue, which collects federal royalties.

  • Nov 1- Marathon Petroleum Corp reported a better-than-expected quarterly profit on Thursday due in part to asset sales, though earnings slipped in the company's core refining unit. For the third quarter, the company posted net income of $1.22 billion, or $3.59 per share, compared with $1.13 billion, or $3.16 per share, in the year-earlier period.

  • Nov 1- Marathon Petroleum Corp reported a better-than-expected quarterly profit on Thursday, though results were helped by the sale of assets in Minnesota, but suffered in the company's core refining unit.

  • Marathon Petroleum profit jumps after asset sale Thursday, 1 Nov 2012 | 11:45 AM ET

    Nov 1- Marathon Petroleum Corp, which recently agreed to pay $2.5 billion for BP Plc's Texas City refining complex, reported on Thursday an 8 percent jump in quarterly profit, due in part to the sale of assets in Minnesota earlier this year.

  • Marathon Petroleum unit rises after IPO Friday, 26 Oct 2012 | 11:36 AM ET

    FINDLAY, Ohio-- A pipeline subsidiary of Marathon Petroleum Corp. rose in its stock market debut after raising $380.6 million in an initial public offering of its units. MPLX LP sold 17.3 million units at $22 each, above the expected range of $19 to $21, which suggested strong demand for the company.