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Marathon Petroleum Tops Q4 Estimates
Marathon Petroleum beats Q4 profit estimates as midstream strength offsets refining weakness
By Tanay Dhumal (Reuters) -Top U.S. refiner Marathon Petroleum on Tuesday posted a 74% drop in fourth-quarter earnings but beat Wall Street estimates, as strength in its midstream segment helped offset a steep decline in refining margins.
Marathon Petroleum Tops Q4 Estimates Despite Lower Refining Margins
Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after it reported fourth-quarter results. Total revenues and other income of $33.47 billion topped the consensus of $31.12 billion.
Marathon Petroleum: Q4 EPS, Revenue Fall
Marathon Petroleum saw revenue and earnings fall year over year in Q4, leading to a significant profit decline.
Ecopetrol, Occidental Petroleum and Colombia
Colombia's Ecopetrol renews joint venture with Occidental Petroleum in Permian basin
Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas.
Ecopetrol, Occidental Extend Joint Venture Of Permian Basin Development
Monday announced that its subsidiary, Ecopetrol Permian LLC, and Occidental Petroleum Corporation have agreed to
Colombia’s Ecopetrol strengthens Texas oil ties with Occidental Petroleum
In a significant twist in Colombia’s energy narrative, state-owned petroleum firm Ecopetrol has announced that it has formally rechartered its oil joint venture with Occidental Petroleum (OXY) in the Permian Basin of Texas.
20h
We Like Occidental Petroleum - Goldman Is Just Impatient
Occidental Petroleum Corporation's share price underperformed due to Goldman Sachs' downgrade. Click here to read why I rate ...
Rigzone
6h
Will Trump Fill Strategic Petroleum Reserves 'Right to the Top'?
Oil storage levels will rise under Trump, but probably at a slower pace than his rhetoric would suggest', analysts at BMI said.
news10nbc
14h
Consumer alert: Petroleum expert warns tariffs could wallop your wallet
On Monday, the Whitehouse announced its pausing tariffs on Canada for 30 days, but tariffs are not off the table. This ...
5d
Occidental Petroleum's Undervaluation Builds Up
Occidental Petroleum's fundamentals and valuation have improved, presenting a long-term buying opportunity amid oil and gas ...
Marketplace
10d
How does the strategic petroleum reserve work?
Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...
Convenience Store News
32m
Podcast: Midwest Petroleum, Southwest Georgia Oil Co., Loop Neighborhood Leaders Share Tech Aspirations
In this episode of “At Your Convenience,” CSP Editor Rachel Gignac talks to three convenience-store retailers at the Conexxus ...
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