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...Among the latest actions, the PCAOB found that PwC ignored red flags in its audit of Aegean Marine Petroleum Network, one of the world’s largest traders of shipping fuel, which went bust in 2018 as a result...
...Another firm linked to the family, Lime Partners LLC, also held shares in FTX and FTX US....
...ESG in executive pay: Beyond the ‘fluff’ In 2018, Marathon Petroleum agreed to pay a $335,000 fine for a diesel spill that leaked into a river on the border between Indiana and Illinois....
...Elliott ran a similar campaign against Marathon Petroleum in 2019, which led to the replacement of the chief executive and the spin-off of its Speedway retail operation....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...’s petroleum products....
...Conoco, Occidental Petroleum, Devon Energy and Marathon Oil have all been mooted as possible buyers....
...At Goldman Sachs, Brian Haufrect, co-head of M&A in the Americas, is a seasoned adviser to energy groups including Occidental Petroleum, ConocoPhillips and Shell....
...A further $925mn will be granted to a project running through West Virginia, and partnered with Marathon Petroleum and EQT....
...Dealmakers said groups including Occidental Petroleum, ConocoPhilips and Marathon Oil could be among the next to make a move....
...And the bondholder group, led by Apollo, seemed ready to pounce, perhaps even forcing the company into a messy bankruptcy where creditors could take the keys....
...“This is a marathon, not a sprint,” he told the Financial Times. “We are listing at a discounted valuation, but we are betting on longer term growth. We have no regrets.”...
...Two companies — Packaging Corporation of America and Marathon Petroleum — gave commitments on climate so the fund withdrew its proposals while in two others — NewMarket and Westlake — the annual meeting...
...The top performing S&P 500 companies in 2022 were oil and gas businesses. Total shareholder returns at Occidental Petroleum, Hess, Marathon, and Schlumberger soared more than 80 per cent in 2022....
...Marathon Petroleum recently estimated consumption was off by 3 per cent from pre-Covid-19 levels, a level that was “probably pretty sticky”, Brian Partee, the company’s senior vice-president, said recently...
...Lossmaking Marathon Digital, for instance, is one of the most shorted stocks in the US market....
...Deal making Winner: King & Wood Mallesons Originality: 9; Leadership: 8; Impact: 8; Total 25The firm structured Woodside Energy’s acquisition of the entire share capital of BHP Petroleum to create Australia...
...US shale oil and gas producers, led by companies such as Pioneer Natural Resources, Devon Energy and Occidental Petroleum, have undergone an especially pronounced economic revival, turning out record amounts...
...Woodside Petroleum completed a merger with BHP’s oil and gas business this year, while Santos merged with rival Oil Search in a A$21bn deal last year....
...Other earnings: Rideshare company Uber, beer brewer Molson Coors, private equity firm KKR and petrol refiner Marathon Petroleum all report before the market opens....
...Elliott is no stranger to shaking up underperforming energy companies. It has called for a break-up of Marathon Petroleum in the US and the removal of its CEO in the past....
...Ride-share company Uber, beer brewer Molson Coors, private equity firm KKR, and petrol refiner Marathon Petroleum also report before the market opens....
...Shareholders of two independent refiners, Valero Energy and Marathon Petroleum, have enjoyed stock price rises of at least 78 per cent in the last year....
...“I understand that many factors contributed to the business decisions to reduce refinery capacity, which occurred before I took office,” Biden wrote in his letters, which were also sent to Marathon Petroleum...
...Other companies: Companies reporting before the bell include KKR, Molson Coors, Marathon Petroleum, Hilton Worldwide, Estee Lauder and Biogen....
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