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Marathon Petroleum Corp Reports CFO To Retire Early Next Year
Marathon Petroleum Corp Reports Q3 Adjusted Loss Per Share $1
Marathon Petroleum Says Approved Involuntary Workforce Reduction Plan
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States. The Company's Midstream is engaged in the operations of MPLX LP and certain other related operations. It gathers, processes and transports natural gas, natural gas liquids (NGLs), crude oil and refined products. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets.
Oil & Gas Operations
539 S Main St
John P. Surma
Non-Executive Chairman of the Board
Michael J. Hennigan
President, Chief Executive Officer, Director
Donald C. Templin
Chief Financial Officer, Executive Vice President
Timothy T. Griffith
President of Speedway LLC
Glenn M. Plumby
Executive Vice President and Chief Operating Officer, Speedway LLC
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U.S. refiner Marathon Petroleum Corp <MPC.N> reported a smaller-than-expected quarterly loss on Monday as fuel sales picked up after coronavirus restrictions eased.
Marathon Petroleum Corp reported a quarterly loss on Monday after the COVID-19 pandemic destroyed fuel demand and as the U.S. refiner took $525 million in charges.
U.S. refiner Andeavor LLC agreed to pay $20 million in penalties to the Securities and Exchange Commission (SEC) for inadequate controls over a stock buyback plan it executed while it was in talks to be bought by Marathon Petroleum Corp <MPC.N> in 2018.
Marathon Petroleum Corp <MPC.N>, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday.
Marathon Petroleum Corp <MPC.N>, the largest U.S. oil refiner, said it would lay off about 2,050 employees, or 12% of its workforce, at its U.S. operations, excluding Speedway, as the COVID-19 pandemic crushed global demand for motor fuels.
Marathon Petroleum Corp, the largest U.S. oil refiner, said https://bit.ly/3cM8d5Y it would cut about 2,050 jobs, or 12% of its workforce, at its U.S. operations, excluding its Speedway operation, as the COVID-19 pandemic crushed global demand for motor fuels.
Marathon Petroleum Corp's oil-refining unit is cutting at least 6% of its staff, according to people familiar with the matter, demonstrating the depth of declining fuel demand during the pandemic.
Marathon Petroleum Corp <MPC.N>, the largest U.S. oil refiner, began cutting jobs on Tuesday across the company, according to people familiar with the matter, as the COVID-19 pandemic sapped demand for motor fuels.
Marathon Petroleum Corp has agreed to be the lead company in 2022 talks with the United Steelworkers union (USW) for a new national agreement covering U.S. refinery and chemical workers, said a USW official.
U.S. energy regulators said on Wednesday they plan to make a decision on Marathon Petroleum Corp's plan to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal by the end of the year.
The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp's <MPC.N> Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially baulking at the deal.
U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after announcing a big financial boost from the $21 billion sale of its Speedway gas stations to Japan's Seven & i <3382.T>.
Marathon Petroleum <MPC.N> plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand.
Marathon Petroleum plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, N.M., the company said, in response to lower fuels demand.
Marathon Petroleum Corp began restarting a crude distillation unit (CDU) at its 585,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, on Friday, said sources familiar with plant operations.
U.S. refiner Marathon Petroleum Corp is delaying all maintenance projects at its 102,000 barrel-per-day St. Paul Park, Minnesota, refinery for 2020, a source familiar with the matter said, amid concerns related to the spread of the novel coronavirus.
Marathon Petroleum Corp plans to finish a multi-unit overhaul in late July at its 585,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, said sources familiar with plant operations.
* MARATHON PETROLEUM - ON JUNE 11, CO'S UNIT, SPEEDWAY CONFIDENTIALLY SUBMITTED REGISTRATION STATEMENT ON FORM 10 WITH THE U.S. SEC
Marathon Petroleum Corp shut the hydrocracker (HCU) and alkylation unit at its 585,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, by Thursday as part of a multi-unit overhaul that began on Saturday, said sources familiar with plant operations.
U.S. oil refiner Marathon Petroleum Corp <MPC.N> on Tuesday cut spending by 30% and detailed other measures to reduce costs, as widespread lockdowns to curb the spread of the COVID-19 pandemic pummel demand for oil and gas.
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