INSIGHT-Three Exxon refineries top the list of U.S. polluters

Exxon Mobil’s U.S. oil refineries pump out far more lung-damaging soot than similarly-sized facilities operated by rivals, according to regulatory documents and a Reuters analysis of pollution test results. Source: Industry Insights


U.S. announces new security directives for pipelines after hack

The Department of Homeland Security issued a new security directive for pipeline owners and operators on Thursday after a hack of the Colonial Pipeline disrupted fuel supplies in the southeastern United States for days this month. Source: Industry Insights


Energy Sector Update for 05/19/2021: E, BP, LPG, MPC, XLE, USO, UNG

Energy stocks were declining pre-bell Wednesday with the Energy Select Sector SPDR (XLE) recently retreating by more than 2%. The United States Oil Fund (USO) was shedding more than 2% and the United States Natural Gas Fund (UNG) was slipping past 1%.West Texas Intermediate crude Source: Industry Insights


Marathon Petroleum Corporation (MPC) Ex-Dividend Date Scheduled for May 18, 2021

Marathon Petroleum Corporation (MPC) will begin trading ex-dividend on May 18, 2021. A cash dividend payment of $0.58 per share is scheduled to be paid on June 10, 2021. Shareholders who purchased MPC prior to the ex-dividend date are eligible for the cash dividend payment. Thi Source: Industry Insights


Marathon Petroleum Sells Speedway, Plans $10B Stock Buyback

Marathon Petroleum (MPC) has completed the sale of its Speedway convenience-store chain for $21 billion to retailer 7-Eleven. It plans to use the proceeds to buy back shares and pay debts.┬áMarathon is an American fuel company whose operations include oil refining. It decided to sell Speedway as part of a restructuring plan.“The close of the […]


7-Eleven's purchase of Speedway chain closed at 'own risk' -FTC officials

The completion of 7-Eleven’s purchase of thousands of Speedway gas and convenience stores is potentially illegal and may raise competitive concerns in hundreds of local U.S. markets, two top officials at the U.S. Federal Trade Commission said on Friday. Source: Industry Insights


Seven & I Holdings Co, Marathon Petroleum merger agreement closed 'at their own risk' -officials

Seven & I Holdings Co Ltd’s announcement it had pressed forward in its merger agreement with Marathon Petroleum Corp is potentially illegal and may raise significant competitive concerns in hundreds of local gasoline and diesel fuel markets across the United States, two U.S. Federal Trade Commission officials said on Friday. Source: Industry Insights


Notable Friday Option Activity: EXPE, MPC, UAL

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Expedia Group Inc (Symbol: EXPE), where a total of 13,255 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 4 Source: Industry Insights