Jan 27, 2025
Marathon Petroleum said a massive fire at its Louisiana refinery caused ‘no offsite impacts’. Reporting by the Guardian and Forensic Archite
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Marathon Petroleum said a massive fire at its Louisiana refinery caused ‘no offsite impacts’. Reporting by the Guardian and Forensic Archite
Marathon Petroleum predecessor warned of potential for ‘social and economic calamities’ in decades-old publication
31. Marathon Petroleum
Profits in 2018: $2,780,000,000
Sector: Energy
CEO: Gary R. Heminger
CEO Base Pay: $1,687,500
CEO Total Compensation: $18,874,797
# of Employees: 60,350
Average Starting Pay: $8/hour
Median Worker Pay: $27,730/year
CEO to Worker Pay Ratio: 714:1
Sources
https://fortune.com/fortune500/2019/marathon-petroleum/ https://www.salary.com/tools/executive-compensation-calculator/gary-r-heminger-salary-bonus-stock-options-for-marathon-petroleum-corp https://www.glassdoor.com/Salaries/marathon-petroleum-salary-SRCH_KE0,18.htm https://aflcio.org/paywatch/company-pay-ratios
Marathon Petroleum Corp. (MPC): Q3 2019 Earnings Snapshot
Marathon Petroleum Corp. (MPC): Q3 2019 Earnings Snapshot
— Marathon Petroleum Corp. (NYSE: MPC) reported third-quarter 2019 earnings of $1.63 per share, vs. $1.38 per share expected.
— Total revenues and other income grew 35% to $31.2 billion, vs $34.4 billion expected. Realized $283 million of synergies in Q3.
— Will separate its Speedway business into an independent company. Will also evaluate alternatives to enhance value across the midstream…
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Marathon Petroleum Q4 profit dips 53% but beats estimates
Marathon Petroleum Q4 profit dips 53% but beats estimates
Marathon Petroleum Corp. (MPC) reported a 53% dip in earnings for the fourth quarter hurt by costs from the purchase accounting related inventory effects, the Andeavor combination expenses, and MPLX debt extinguishment costs. The bottom line exceeded analysts’ expectations while the top line missed consensus estimates.
Net income decreased to $951 million $1.35 per share from $2.02 billion or…
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Marathon Petroleum Q3 earnings fall despite higher revenues
Marathon Petroleum Q3 earnings fall despite higher revenues
Energy exploration company Marathon Petroleum (MPC) reported a decline in third-quarter earnings, despite strong revenue growth. Net income dropped to $737 million $1.62 per share in the September quarter from $903 million or $1.77 per share in the same period last year.
An increase in income from Refining & Marketing segment was more than offset by weaker Midstream activity. Meanwhile, revenues…
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Phillips 66 (PSX:NYS) and Valero Energy (VLO:NYS) Upgraded
Phillips 66 (PSX:NYS) and Valero Energy (VLO:NYS) Upgraded
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Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX
Today we are looking at companies whose share price has…
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NEW YORK | Markets Right Now: Stocks climb on buyouts, profit reports
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NEW YORK | Markets Right Now: Stocks climb on buyouts, profit reports
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m.
Stocks are opening higher following a spate of buyout announcements and strong earnings reports.
McDonald’s jumped 3.7 percent to one of the biggest gains in the S&P 500 after it reported healthier profit and revenue than analysts expected for the first three months of the year.
Andeavor soared 11 percent after Marathon Petroleum said it would buy the refiner and pipeline owner for more than $23 billion.
Sprint and T-Mobile both fell on after the companies announced their plan to merge to better compete with bigger rivals. Investors are unsure whether the deal will get the necessary regulatory approval.
The S&P 500 gained 7 points, or 0.3 percent, at 2,667.
The Dow Jones industrial average was up 137 points, or 0.6 percent, at 24,448. The Nasdaq rose 16, or 0.2 percent, to 7,135.
By Associated Press – published on STL.News by St. Louis Media, LLC(R.A)