Sunday, 19 January 2025

Focus on Marathon Oil Corporation

Workers on strike at Marathon Petroleum's (MPC.N) Detroit refinery walk the picket line in Detroit, Michigan, U.S., September 4, 2024.  REUTERS/Rebecca Cook
BusinessLabourNewsOil

Marathon’s Detroit refinery workers to strike from Wednesday

Half of refinery workforce to strike in Detroit over pay and schedules, but Marathon says action won't impact operations.

FILE PHOTO: A Marathon Oil well site is seen in Texas, U.S., May 18, 2020. Picture taken May 18, 2020.  REUTERS/Jennifer Hiller/File Photo
BusinessFuelNewsOil

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.

FILE PHOTO: A Marathon Oil well site is seen in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller/ File Photo
BusinessFinanceFuelIndustryInfrastructureLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsOilTransmissionUtilities

Marathon Oil misses profit estimates on weak natural gas prices

Marathon Oil missed Q2 profit estimates due to falling natural gas prices, with shares dropping 1.7% after the announcement.

FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNatural GasNewsOil

US oil and gas mergers continue at furious pace in Q2, says Enverus

Blockbuster has and oil mergers companies are continuing well into Q2 this year with $30bn in tie-up deals for fossil fuel giants.

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren
BusinessFinanceNewsOil

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

The request for additional information from oil producer ConocoPhillips is likely to slow the closing of the deal.

A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. Picture taken May 18, 2020.  REUTERS/Jennifer Hiller
ClimateEmissionsFuelIndustryNatural GasNewsOilPoliticsRegulations

US announces record oil and gas pollution penalty against Marathon Oil

U.S. officials announced a $241 million settlement with Marathon Oil for air pollution violations at North Dakota Indian reservation facilities, marking a crackdown...

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