Marathon Petroleum Corp. (NYSE:MPC) reports higher Q1 results with revenue of $31.85B, adjusted EBITDA of $2B, and EPS loss of $(0.24) compared to $(2.58) last year. Refining segment impacted by lower market crack spreads, but Midstream business continues to grow. Company also declares quarterly dividend.
Oil prices rise on US-Iran diplomacy and trade war lull, boosting energy ETFs. Companies like ExxonMobil and Chevron benefit. OPEC lowers demand forecast.
Following the transition, Stice would become the executive chair of the board and remain in that position until the annual stockholders’ meeting in 2026.
Diamondback Energy intends to acquire subsidiaries of Double Eagle IV Midco for approximately 6.9 million shares of its common stock and $3 billion in cash.
JP Morgan analyst raises price forecast for ConocoPhillips (COP) following strong Q4 results. Focus on FCF growth with capex reduction. Exposure via OILT & IEO.
JP Morgan analyst optimistic about ConocoPhillips' Q4 results, which beat estimates and include a $10B return of capital plan based on current commodity prices.
ConocoPhillips (NYSE: COP) reported Q4 results, with $14.74B revenue and $1.98 EPS, surpassing expectations. Company also announced dividends and production targets for 2025.
Marathon Petroleum reported Q4 results with higher revenues, adjusted EBITDA, and EPS exceeding consensus. It also announced dividends and share buybacks for shareholders.
Phillips 66 reported a decline in Chemicals segment income and improved loss in Refining segment, with plans to return cash to shareholders and reduce debt.
Phillips 66 to acquire EPIC NGL business for $2.2 billion in cash. Assets include fractionators, pipelines, and plans for expansion, increasing earnings per share.
On October 16, 2024, a jury awarded Propel Fuels Inc. $604.9 million in damages in a trade secret misappropriation lawsuit against Phillips 66 Company, which denies wrongdoing and plans to appeal.
