5 articles
Marathon Petroleum reported its highest quarterly profit since 2022, driven by soaring refining margins from crude supply disruptions in the Strait of Hormuz. Additionally, its renewable diesel unit t
US gasoline prices dropped for a sixth consecutive week amid improved US-Iran diplomacy, though supply risks remain due to Strait of Hormuz tensions and recent refinery outages at TotalEnergies and Ma
California drivers sued major retailers including BP and Marathon Petroleum, alleging they used AI tools to artificially inflate gasoline prices in violation of state antitrust laws. The complaint cla
Amid Middle East war disruptions, Marathon Petroleum rerouted fuel shipments to capitalize on record exports, leveraging US crude sourcing and Jones Act waivers for logistics flexibility.
Marathon Petroleum beat Q1 profit estimates with $1.65 per share earnings, boosted by refining margins reaching $17.74 per barrel amidst tight global fuel supplies due to Middle East tensions.
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