Will Tapping the U.S. Oil Reserve Actually Quell Prices? [Business News Network (BNN) (Canada)]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Business News Network
tackle soaring energy costs by releasing crude from strategic reserves. The question now is whether it's going to work. In a rare bout of coordination with other oil-consuming nations, the U.S. government said Tuesday it plans to offer as much as 50 million barrels from its Strategic Petroleum Reserve. China, India, Japan, South Korea and the U.K. will join in the effort. The U.S. decision to tap the emergency stockpile comes as President Joe Biden faces increasing pressure to stem rising fuel prices for Americans slammed by the highest inflation rate in decades. But it also carries risks, including a possible backlash by OPEC+ that threatens to negate any relief. And with so many lingering unknowns, including whether the oil is even the grade the U.S. market's looking for, it's hard to say whether households will actually see much—if any—reprieve in time to prevent a brutally expensive holiday travel season. Here's what we know so far: How quickly will the additional crude ma
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News
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [Yahoo! Finance]Yahoo! Finance
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Marathon Petroleum Corp. Announces Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum Corp. Announces Quarterly DividendPR Newswire
- Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum [Yahoo! Finance]Yahoo! Finance
MPC
Earnings
- 1/30/24 - Beat
MPC
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPC's page on the SEC website