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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.

  • South African stocks fall as rand hits mining firms Friday, 12 Oct 2012 | 11:47 AM ET

    JOHANNESBURG, Oct 12- South African shares turned slightly negative on Friday as the strengthening rand currency. undermined stock prices of resource firms such as Harmony Gold.

  • Your First Move for Thursday, Oct. 11 Wednesday, 10 Oct 2012 | 6:09 PM ET

    Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!

  • Shares of refiners fall on Chevron's 3Q outlook Wednesday, 10 Oct 2012 | 3:10 PM ET

    NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.

  • S.African stocks end positive, but gold miners dim Wednesday, 10 Oct 2012 | 12:19 AM ET

    JOHANNESBURG, Oct 10- South African shares turned positive for the first time this week but Gold Fields and other bullion mining firms took a beating from a recovery in the local currency. Absa, the South African bank majority owned by Barclays, fell 2.8 percent to 134.60 rand.

  • HOUSTON Oct 9- Marathon Petroleum Corp and Harvest Pipeline Company said on Tuesday they have agreed to jointly build a truck-to-barge system on the Ohio River to transport crude oil produced in the Utica shale oil play to refineries for processing.

  • Oct 9- Marathon Petroleum Corp:. *Marathon Petroleum Corporation and Harvest Pipeline Company sign letter of. Ohio river at Wellsville, Ohio.

  • Oct 9- Marathon Petroleum Corp:. *Oppenheimer raises Marathon Petroleum Corp price target to $70 from. Reuters Station users, click. 1568.

  • *Howard Weil Raises HollyFrontier Corp price target to $39 from $34;. *Howard Weil Raises Marathon Petroleum Corp price target to $58 from. *Howard Weil Raises Phillips 66 price target to $50 from $39; rating.

  • Oct 9- Marathon Petroleum Corp:. *Raymond James Raises Marathon Petroleum Corp price target to $62 from. Reuters Station users, click. 1568.

  • U.S. stock index futures dip; eyes on Alcoa Tuesday, 9 Oct 2012 | 5:46 AM ET

    PARIS, Oct 9-* U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures 0.13 percent lower and Nasdaq 100 futures down 0.36 percent at 0922 GMT.

  • PRESS DIGEST - Wall Street Journal - Oct 9 Tuesday, 9 Oct 2012 | 2:14 AM ET

    Oct 9- The following are the top stories in the Wall Street Journal on Tuesday. *BP Plc said Monday it has sold the large Texas City refinery, scene of a fatal industrial accident in 2005, to Marathon Petroleum Corp in a deal worth up to $2.5 billion.

  • Oct 9- Marathon Petroleum Corp:. *Barclays raises Marathon Petroleum Corp price target to $88 from $80;. Reuters Station users, click. 1568.