Marathon Petroleum Corp. Company News

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Shell Refinery Closure Reflects Industry Trend
Sunday, November 15, 2020Check out this look back at some of the most viewed downstream-related articles on Rigzone from the past week.

Wall Street Enthusiasm for Green Energy Fades
Thursday, November 05, 2020Wall Street's confidence that the US election would spark a clean-energy revolution dimmed after Republicans appeared set to retain control of the Senate.

PBF to Lay Off 250 at East Coast Refinery
Thursday, October 29, 2020The company will idle operations at the refinery for the foreseeable future.

Cigarettes and Alcohol Top Gasoline in $21B Deal
Tuesday, August 04, 2020This year's biggest energy deal is more about alcohol and cigarettes than gasoline.

Bakken Pipeline Closure Signals Shale's Woes
Monday, July 20, 2020If the shutdown of both pipelines proceeds, it would force Bakken drillers to turn to more expensive options to ship their oil -- or shut in production altogether.

Permian Crude Loads at New Coastal Terminal
Friday, July 17, 2020This photo shows crude being loaded onto a tanker at South Texas Gateway. PHOTO SOURCE: Buckeye Partners, L.P.

Texas Refiners Contend with Virus Rebound
Friday, July 10, 2020Oil refineries aren't being spared as Covid-19 sweeps through Texas.

Hennigan Succeeds Heminger at Marathon Petroleum
Thursday, March 19, 2020The appointment is effective immediately.

Marathon Petroleum Names New Board Director
Monday, December 16, 2019U.S. oil refiner Marathon Petroleum Corporation has appointed Jonathan Cohen to its head of directors.

Marathon Petroleum to Spin Off Retail Unit
Thursday, October 31, 2019Marathon Petroleum buckled under pressure from activist investors and announced the spinoff of its retail fuel-station business and the departure of CEO Gary Heminger.

Marathon Petroleum Plans New CEO to Win Investor Peace
Wednesday, October 30, 2019Marathon Petroleum plans to announce several measures including the departure of CEO Gary Heminger in an effort to strike a truce with activist investors pushing for changes at the U.S. oil refiner.

Marathon Petroleum Weighs Sale of Two Refineries
Tuesday, October 22, 2019Marathon Petroleum is weighing the sale of two plants in Alaska and Utah.

Marathon Petroleum Board, Investors in Talks About CEO
Thursday, October 17, 2019Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss CEO Gary Heminger's future and the company's strategy amid calls to split up its businesses.

California Fuel Tank Fire Contained
Wednesday, October 16, 2019A fire at a San Francisco-area fuel terminal is contained after spewing black smoke high in the air, snarling rush-hour traffic and prompting officials to ask residents to take shelter.

Elliott Pushes Again for Marathon to Split
Wednesday, September 25, 2019Elliott Management Corp. renewed its push for Marathon Petroleum Corp. to split into three, a move the hedge fund said would unlock more than $22 billion in value.

Oil Companies Push States to Criminalize Pipeline Protests
Monday, August 19, 2019Oil companies lobbied state legislatures to effectively outlaw demonstrations near pipelines, chemical plants and other infrastructure.

Permian Gas Pipeline Gets Green Light
Thursday, June 06, 2019The pipeline will ship residue gas out of the Permian and link to Mexican and LNG markets.

Venezuela Sanctions Likely to Hit Some US Refiners
Thursday, January 24, 2019Refiners in Texas and Louisiana would be hard hit by sanctions on Venezuelan crude under consideration at the White House.

Alaska Earthquake Threatens Oil Exports
Friday, November 30, 2018A magnitude 7 earthquake struck Alaska early Friday, shutting the state's most important oil pipeline.

MPLX Buys Lower Mississippi Export Terminal
Thursday, September 27, 2018Marathon Petroleum's master limited partnership will rename the facility the Mt. Airy Terminal.

Valero, Marathon Beat Profit Estimates As Refining Margins Rise
Thursday, July 26, 2018Two of the biggest independent oil refiners in the US beat Wall Street profit estimates.

Familiar Faces to Lead Merged Marathon-Andeavor
Wednesday, July 25, 2018The merged company will be led by eight current MPC and three current Andeavor executives.

Forget Tech, Big Oil is Doling Out America's Fattest Paychecks
Thursday, July 05, 2018Move over Wall Street titans and Silicon Valley giants. When it comes to paychecks, Big Oil now looks like the best bet for U.S. workers.

Marathon to Buy Andeavor in $23.3 Billion Oil-Refining Deal
Monday, April 30, 2018Marathon Petroleum Corp. agrees to buy rival oil refiner Andeavor for $23.3 billion.

Refiners Valero, Marathon See Upbeat 2018 On Global Growth
Thursday, February 01, 2018Valero and Marathon Petroleum expect strong global economic growth to spur demand for oil in 2018.

US Refiners Talk Expansion After Reaping Billions in Tax Gains
Thursday, February 01, 2018The biggest independent refiners in the US are lining their pockets with billions of dollars in tax reform windfalls.

Frigid Blast to South Hits Refineries as Power Prices Spike
Wednesday, January 17, 2018A blast of Arctic air pushing deep into the South hindered refinery operations in the region, sent natural gas prices soaring and drove electricity demand in Texas to a record high.

Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps
Thursday, December 21, 2017Pipeline owners eye binding open season.