Hints and tips:
...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....
...Under dos Santos, who ruled Angola for almost four decades before losing power in 2017, Trafigura dominated the supply of petroleum products in Angola, generating bumper profits that supported the company...
...EOG Resources, Marathon Petroleum, Diamondback Energy, Devon, Energy and Phillips 66 made up the back half of the benchmark’s top 10, with advances in a range of 4 to 5 per cent....
...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....
...Fossil fuel producers could also benefit from another rise in oil and gas prices this year as analysts warn that energy supplies remain tight....
...Other earnings: Rideshare company Uber, beer brewer Molson Coors, private equity firm KKR and petrol refiner Marathon Petroleum all report before the market opens....
...Ride-share company Uber, beer brewer Molson Coors, private equity firm KKR, and petrol refiner Marathon Petroleum also report before the market opens....
...“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...
...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....
...Biden is threatening the oil majors with a windfall tax if they don’t step up investment in new supply to help tame high fuel prices....
...Shareholders at Texas-based Occidental Petroleum also voted against a similar proposal last week by an overwhelming margin....
...Fuel refiners including Marathon Petroleum and ExxonMobil are adding “renewable diesel” to their product mix in response to government incentives for cleaner fuels....
...The Russia sanctions marathon continues. After two days of meetings, EU ambassadors last night approved the fifth package, which is due to be published in the Official Journal later today....
...BHP, which is set to divest its petroleum assets, said it would engage with Glass Lewis and “discuss” several of the assumptions contained in its report....
...Under dos Santos, partnerships with Dino’s Cochan Holdings LLC helped Trafigura dominate the supply of petroleum products in Angola, generating bumper profits that supported the Swiss group’s transformation...
...It includes a 15-year fuel supply agreement under which Marathon will supply Speedway with about 7.7bn gallons a year....
...Yamani learnt of his dismissal from a TV news bulletin as he emerged from a 16-day Opec marathon meeting....
...Marathon Petroleum, Phillips 66 and HollyFrontier are among the refining companies exploring or pursuing projects to produce “renewable diesel”, which can substitute petroleum-based diesel in trucks and...
...Petroleum LLP was valued at about $220m shortly afterwards, another email shows....
...), which supplies them to the Asia Gas Pipeline project....
...Latest news Marathon Petroleum, the US’s biggest independent refiner, fell to a quarterly loss of $868m thanks to depressed demand caused by the pandemic The US manufacturing sector grew at a faster pace...
...Even Bill Gross, the former Pimco star, said his favourite sector for 2020 was mid-stream energy stocks such as Energy Transfer, a Dallas-based pipeline operator, and MPLX, a vehicle formed by Marathon Petroleum...
...In the short term, petroleum products markets will need to adjust to a sudden loss of supply at the start of the summer holiday driving season....
...(These controversies didn’t stop Repsol triumphantly seizing the “Petroleum Economist Award” from the magazine with the same name....
...Google and Anadarko Petroleum, one of the largest US exploration and production companies, are using artificial intelligence to analyse large volumes of seismic and operational data to find oil, maximise...
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