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Marathon Petroleum Corp (MPC)

MPC on New York Consolidated

50.11USD
18 Aug 2017
Change (% chg)

$0.41 (+0.82%)
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$49.70
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Latest Key Developments (Source: Significant Developments)

Marathon Petroleum enters settlement agreements
Thursday, 3 Aug 2017 06:36am EDT 

Aug 3 (Reuters) - Marathon Petroleum Corp :Marathon petroleum- on Aug 1, entered settlement agreements with plaintiffs, co-defendants‍​ regarding fire that occurred at Galveston Bay refinery.Marathon Petroleum Corp says agreed to pay $86 million to settle all four lawsuits‍​.Marathon Petroleum Corp says recorded liability for losses under settlement agreements, which resulted in a charge of $86 million in Q2.  Full Article

Marathon petroleum corporation reports second-quarter results
Thursday, 27 Jul 2017 06:35am EDT 

July 27 (Reuters) - Marathon Petroleum Corp :Marathon Petroleum Corporation reports second-quarter 2017 results.Q2 earnings per share $1.00 including items.Q2 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Says ‍second-quarter 2017 earnings include a charge of $0.05 per diluted share​.Says refining & marketing segment income from operations was $562 million in q2 2017, compared with $1.03 billion in same quarter of 2016.Says ‍second-quarter 2017 earnings include a charge related to estimated losses for ongoing litigation matters​.Says in Q2 the company recognized estimated losses of $40 million related to ongoing litigation matters.Says ‍expects to complete ongoing review of speedway by end of Q3​.Q2 total revenues and other income $18,354 million versus $16,790 million.Says impairments in q2 of 2017 included a benefit of $19 million related to mpc's share of a gain on asset liquidations.Says Q2 earnings per share view $1.07, revenue view $18.70 billion -- Thomson Reuters I/B/E/S.  Full Article

Marathon Galveston Bay, Texas refinery reports SRU upset
Wednesday, 26 Jul 2017 04:01pm EDT 

July 26 (Reuters) - Marathon Petroleum Corp ::Marathon Galveston Bay, Texas refinery reports upset at the sulfur recovery unit (SRU) resulted in release from the incinerator.Marathon Galveston Bay, Texas refinery reports emissions from SRU c/d incinerator, SRU incinerator, sulfur recovery unit (SRU).Marathon Galveston Bay, Texas refinery reports the unit was able to resolve the issue and resume normal operations.  Full Article

Marathon Petroleum raises dividend 11 pct to $0.40/share
Wednesday, 26 Jul 2017 12:17pm EDT 

July 26 (Reuters) - Marathon Petroleum Corp ::Marathon Petroleum Corp increases dividend 11 percent.Sets dividend of $0.40 per share.  Full Article

Marathon Petroleum announces incremental $3 bln share buyback program
Wednesday, 31 May 2017 04:22pm EDT 

May 31 (Reuters) - Marathon Petroleum Corp :Marathon petroleum Corp announces incremental $3 billion share repurchase authorization.Marathon petroleum Corp - ‍authorization is in addition to its previous authorization, which had approximately $2.14 billion remaining as of march 31​.Marathon petroleum Corp - ‍expect cash proceeds from dropdowns and limited partner distributions to fund substantial ongoing return of capital to shareholders​.Marathon petroleum Corp- ‍incremental $3 billion repurchase authorization, as well as remaining portion of previous authorization, have no expiration date.​.  Full Article

Marathon Petroleum Q1 earnings per share $0.06 including items
Thursday, 27 Apr 2017 06:35am EDT 

April 27 (Reuters) - Marathon Petroleum Corp ::Marathon Petroleum Corp reports first-quarter 2017 results.Q1 earnings per share $0.06 including items.Marathon Petroleum Corp says a special committee of board and its independent advisor expect to complete ongoing review of speedway by mid-2017.Marathon Petroleum Corp says refining & marketing segment loss from operations was $70 million in Q1 of 2017, compared with a loss of $86 million in same quarter of 2016.Marathon Petroleum Corp says speedway segment income from operations was $135 million in Q1 of 2017, compared with $167 million in Q1 of 2016..Marathon Petroleum -midstream segment income from operations, which includes MPLX as well as other related operations, was $309 million in Q1 , compared with $189 million.Qtrly total revenues and other income $16.39 billion versus $12.83 billion.Q1 earnings per share view $-0.05, revenue view $15.43 billion -- Thomson Reuters I/B/E/S.  Full Article

EQT Midstream Partners Q1 2017 net income of $143.2 mln
Thursday, 27 Apr 2017 06:30am EDT 

April 27 (Reuters) - EQT Midstream Partners LP ::EQT Midstream Partners Lp - EQM Q1 operating revenue increased $17.6 million, 9% higher compared to same quarter last year.Sees 2017 net income $555 million - $595 million.Sees Q2 net income $124 million - $134 million.EQT Midstream Partners LP - EQM continues to forecast full-year 2017 ongoing maintenance capital expenditures of approximately $35 million.Eqt midstream partners lp - announced q1 2017 net income of $143.2 million.Q1 earnings per share view $1.37, revenue view $202.9 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $1.33 -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $5.44 -- Thomson Reuters I/B/E/S.  Full Article

Marathon reports propylene unit shutdown at Texas City refinery
Thursday, 27 Apr 2017 01:01am EDT 

April 27 (Reuters) - Marathon Petroleum Corp ::Marathon petroleum Texas City refinery reports propylene unit shutdown; related to the recently completed scheduled plant wide turnaround.Reports the Propylene unit is not operating properly since starting back up. So, the unit will need to be shut back down and then started back up.  Full Article

Marathon Petroleum sets dividend of $0.36per share
Wednesday, 26 Apr 2017 12:10pm EDT 

April 26 (Reuters) - Marathon Petroleum Corp :Sets dividend of $0.36per share.  Full Article

Fluor selected by Marathon for contract at two Texas refineries
Monday, 10 Apr 2017 04:09pm EDT 

Fluor Corp : Fluor selected by Marathon for contract at two Texas refineries . Fluor Corp - Fluor will book undisclosed contract value into backlog in Q1 of 2017 .Fluor Corp - selected by Marathon for contract at two Texas refineries.  Full Article

Marathon Petroleum to pay $86 million to settle Texas fire lawsuits

U.S. oil refiner Marathon Petroleum Corp said on Thursday it would pay $86 million to settle lawsuits that allege injuries due to a January 2016 fire at its Galveston Bay, Texas refinery.