Activist Elliott Said to Build Stake in Struggling Oil Major BP
Elliott Investment Management has built a significant stake in BP Plc, according to people familiar with the matter, as the ...
Marathon Petroleum projects $1.25B in 2025 capital investments with focus on high-return projects
Q4 2024 Management View CEO Maryann Mannen emphasized the company's execution of strategic commitments in 2024, highlighting a refining and marketing segment EBITDA per barrel of $5.33 and a midstream ...
Marathon Petroleum: Q4 EPS, Revenue Fall
Marathon Petroleum saw revenue and earnings fall year over year in Q4, leading to a significant profit decline.
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How does the strategic petroleum reserve work?
Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right now, it has more than half of that. The reserve, which former President ...
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The Biden Administration’s Ongoing Strategic Petroleum Reserve Gamble
Robert Rapier is a chemical engineer covering the energy sector. The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil ...
abrdn plc Sells 20,224 Shares of Occidental Petroleum Co. (NYSE:OXY)
Occidental Petroleum Co. (NYSE:OXY – Free Report) by 6.3% in the 4th quarter, according to the company in its most recent ...