Marathon Petroleum Tops Q4 Estimates Despite Lower Refining Margins 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 Stock Under Pressure As Refining Losses Offset Midstream Gains 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 Powers Up With $2.2 Billion Deal For EPIC Y-Grade's NGL Business 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.
Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4 Marathon Petroleum shares up on Q3 earnings beat, expects strong refining operations. Scotiabank analyst expects near-term price impact.
Marathon Petroleum Q3 Earnings: Outpaces Expectations, Powers Up Shareholder Rewards & More Marathon Petroleum shares rise after surpassing Q3 expectations and returning $3 billion to shareholders in third quarter FY24.
Oil Prices Spike By Over 3% As OPEC+ Delays Production Increases Ahead Of US Elections: 5 Energy ETFs To Watch Monday The Biden-Harris administration has imposed extensive sanctions on Russia; a second Trump administration would likely nix those sanctions.
Phillips 66 Posts Strong Q3 Results With Marketing, Chemicals Driving Gains Phillips 66 (PSX) shares rise after reporting Q3 results, with midstream and chemicals segments performing well. Adjusted EPS beats consensus.
Valero Energy Delivers Solid Q3: Ethanol, Renewable Diesel Volumes Rise Valero Energy Corporation (
NYSE VLO) reported Q3 FY24 revenues of $32.876B, beating consensus. Adj. EPS exceeded consensus. Refining segment income down.
What's Going On With Phillips 66 Stock Today? 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.
Why Oil & Gas Company Phillips 66 Shares Are Falling On Tuesday? Phillips 66 (PSX) sells 49% stake in Swiss joint venture for $1.24 billion, to support strategic priorities and shareholder returns.
Union Strike Hits Marathon Petroleum's Detroit Refinery Marathon Petroleum shares down on strike at Detroit refinery. Strike for better pay and safety; the company expects no impact on operations.
Marathon Petroleum's Profitability Resurgent: Blows Past Q2 Revenue And EPS Estimates Marathon Petroleum reported Q2 FY24 results, beating revenue estimates. Adjusted EBITDA was $3.39B, and adjusted EPS was $4.12. MPC returned $3.2B to shareholders.
Refining Margin Squeeze Hits HF Sinclair's Q2 Bottom Line: Details HF Sinclair reported Q2 FY24 results with revenues of $7.845B, beating consensus. Adjusted EBITDA fell 53% YoY. Dividend of $0.50 declared.
Why Is Phillips 66 Stock Gaining Today? Phillips 66 reported stronger Q2 results with revenue of $38.911B, exceeding consensus. Adjusted EPS of $2.31 topped consensus of $1.98.
3 High-Yield Dividend Stocks/ETFs to Buy Hand Over Fist in July Investing in equal parts of these three investments would produce a forward-dividend yield over 3.9%.
Oil Short Working On Structural Demand Weakness A discussion about the current trends in oil and gasoline markets, highlighting structural demand challenges and the bearish sentiment among traders.
Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.
Why Energy Company HF Sinclair Shares Are Surging Wednesday HF Sinclair reported Q1 FY24 results, with revenues down 7% and adjusted EBITDA down 43%. Company declared $0.50 dividend and announced $1 billion buyback.
Why Petroleum Refineries Major Phillips 66 Shares Are Falling Today Phillips 66 reported Q1 FY24 results with revenue of $36.436B and adjusted EPS of $1.90 missing consensus of $2.17.
Phillips 66 Explores Sale Of Rockies Express Pipeline Stake Worth Over $1B: Report Phillips 66 is looking to sell its 25% stake in Rockies Express Pipeline for over $1 billion. The company is in talks with potential buyers.
Energy sector strength: Drill down with these refinery stocks Refinery stocks like Marathon and Valero lead the energy sector, benefitting from stable demand and efficient operations amid oil price fluctuations.
Refiners, transporters surge: Niche energy markets defy oil slump Despite Chevron and Exxon Mobil trading below their highs, sub-industries such as transportation and pipelines show resilience, driven by dividends and demand.
Oil Falls Below $80: ETF Areas To Win/Lose In a notable market shift, U.S. crude prices recorded a drop of 5% on Thursday. This decline comes in the wake of increasing inventories and a downturn in industrial production.
Can Valero Energy Corporation Rise To New Highs In 2023? Valero Energy Corporation has value and yield for energy investors; the analysts' sentiment is shifting, and the institutions provide a support base.
