Marathon Petroleum Corp. Company News

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Marathon Petroleum Names New Board Director
Monday, December 16, 2019 U.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, 2019 Marathon 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, 2019 Marathon 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, 2019 Marathon Petroleum is weighing the sale of two plants in Alaska and Utah.

Marathon Petroleum Board, Investors in Talks About CEO
Thursday, October 17, 2019 Marathon 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, 2019 A 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, 2019 Elliott 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, 2019 Oil companies lobbied state legislatures to effectively outlaw demonstrations near pipelines, chemical plants and other infrastructure.

Permian Gas Pipeline Gets Green Light
Thursday, June 06, 2019 The 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, 2019 Refiners 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, 2018 A magnitude 7 earthquake struck Alaska early Friday, shutting the state's most important oil pipeline.

MPLX Buys Lower Mississippi Export Terminal
Thursday, September 27, 2018 Marathon 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, 2018 Two of the biggest independent oil refiners in the US beat Wall Street profit estimates.

Familiar Faces to Lead Merged Marathon-Andeavor
Wednesday, July 25, 2018 The 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, 2018 Move 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, 2018 Marathon 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, 2018 Valero 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, 2018 The 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, 2018 A 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, 2017 Pipeline owners eye binding open season.