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Marathon Petroleum Corp

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  • 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.

  • 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.

  • LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.

  • *Agrium believes Jana campaign is effectively over. Shareholders are taking notice as both Agrium and Jana work the phones and hold meetings to make their respective cases, according to investors and sources close to Jana and the company. Agrium's shares closed at $105.88 apiece on the New York Stock Exchange on Thursday.

  • LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.