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Marathon Petroleum to reap a windfall on Venezuela oil boom

Marathon Petroleum (MPC) operates the largest heavy crude refinery in Louisiana at 606,000 barrels per day. The Garyville facility is positioned to capture 20% to 30% of increased Venezuelan oil ...
kcra.com

California lawmakers, regulators clash over clean air push and upcoming closure of oil refineries

CAPITOL RIGHT NOW WHERE GOVERNOR GAVIN NEWSOM’S ADMINISTRATION WAS IN THE HOT SEAT TODAY, AS CALIFORNIA IS SET TO LOSE TWO OIL REFINERIES WITHIN THE NEXT YEAR. THOSE CLOSURES WILL COME AFTER THE ...

Marathon Petroleum profit beats as margins rebound from multi-year lows

Feb 3 (Reuters) - Marathon Petroleum reported fourth-quarter profit above Wall Street estimate on Tuesday, as a 44% jump in ...
Seeking Alpha

Cheaper Heavy Crude Might Come For Marathon Petroleum Corporation

Marathon Petroleum Corporation benefits from U.S. refiners' structural advantages in feedstock and energy costs, supporting high utilization rates. Recent U.S. action against Venezuela could disrupt ...

Marathon Petroleum buys Venezuelan crude for US refineries

Marathon Petroleum said it bought two cargoes of Venezuelan crude oil at the end of January and expects its refineries to process more heavy grades, company executives said during a post-earnings call ...