Marathon Stock News

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HOUSTON (Reuters) – Marathon Petroleum Corp plans to cut production for up to a month at its 593,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, as repairs continue on residual hydrotreating units (RHUs), sources familiar with the situation said.

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Finnish refiner Neste said on Tuesday its billion-dollar investment in a joint venture with U.S.-based oil company Marathon Petroleum Corp would make it the world''s first and only renewable fuels maker with global capacity.

After markets closed Tuesday, Neste (NTOIF) and Marathon (MPC) announced a renewable fuels joint venture, whereby the Finnish fuels producer will pay Marathon (MPC) $1b for 50% of…

Marathon Petroleum Corp said on Tuesday it would form a joint venture with Finnish refiner Neste for its Martinez renewable fuels project in California, the latest partnership between an oil company and a biofuels producer.

HELSINKI, March 1, 2022 /PRNewswire/ -- Neste Corporation has signed definitive agreements for the establishment of a 50/50 joint venture with US-based Marathon Petroleum (Marathon). The joint venture will produce renewable diesel following a conversion project of Marathon''s refinery in…

The United Steelworkers union and oil companies led by Marathon Petroleum (MPC) have agreed to a new four-year contract for more than 30K U.S

Marathon Petroleum reached "a mutually satisfactory" agreement with United Steelworkers refinery personnel that if ratified by the union locals will succeed the contract expired midnight Feb. 1, the company said Feb. 25. "We''re pleased to have reached a mutually satisfactory four-year pattern labor agreement with the United Steelworkers," said Jamal Kheiry, a spokesperson for Marathon Petroleum, which served as the…

Oil companies led by Marathon Petroleum and the United Steelworkers (USW) agreed to a new national contract on Friday for 30,000 U.S. workers in refineries, chemical plants, and pipelines, the company and the union said.

© Reuters. FILE PHOTO: A Marathon Petroleum banner outside a refinery in El Paso, Texas, U.S., October 1, 2018. REUTERS/Julio-Cesar Chavez HOUSTON (Reuters) – Oil companies led by Marathon Petroleum (NYSE:) and the United Steelworkers union (USW) agreed to a new national contract on Friday for 30,000 U.S. workers in refineries, chemical plants, and pipelines, …

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A huge Louisiana refinery was rocked by an explosion and fire on Feb. 21. Marathon Petroleum Corp. said six workers suffered minor injuries. Officials later gave the all-clear sign, but it was not immediately clear what caused the morning blast

Refinery: Garyville, Louisiana Capacity: 578,000 b/d Owner: Marathon Petroleum Marathon Petroleum said it had extinguished a fire at its Garyville, Louisiana, refinery that broke out at about 9:30 am CDT on Feb. 21, a company spokesperson said in a Feb. 21 email. Spokesperson Jamal Kheiry said the company "will conduct a full investigation to determine the cause of the fire,"

Marathon Petroleum (MPC) sets a goal to reduce Scope 3 emissions by 15% from its 2016 levels by the decade end.