(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]
In the wake of multiple bank collapses over the past week, many banking stocks’ valuations have fallen sharply and are trading at deep discounts right now. One investor, however, that definitely won’t be looking for […]
The most expensive gasoline in the United States can be found at the Chevron station in Mendocino, California, where a gallon of regular unleaded will set you back $9.46, and it would cost $289 to fill […]
FINDLAY, Ohio, /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today announced the redemption of all of the $300 million outstanding aggregate principal amount of its 5.125% senior notes due April 1, 2024, including the portion of such notes for which […]
Fuel suppliers are growing increasingly nervous about the possibility of gasoline and diesel shortages across the eastern U.S. almost two days after a cyberattack knocked out a massive pipeline. Colonial Pipeline said Sunday that it was […]
Exxon Mobil Corp. and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshaling executives, TV appearances, social media and websites […]
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