Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with the matter said. Source: Industry Insights

Royal Dutch Shell PLC may begin the permanent shutdown of its 211,146 barrel-per-day Convent, Louisiana, refinery early next week, people familiar with plant operations said on Monday. Source: Industry Insights

The analysts covering Marathon Petroleum Corporation (NYSE:MPC) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. This report focused on revenue estimates, and it looks as though the consensus view Source: Industry Insights

It’s easy to invest in popular stocks. It’s a lot harder to be first to spot a change in the way investors are thinking about entire industries and to buy shares of beaten-down companies. Over the long run, though, having the courage to buck the trend can mean the difference betw Source: Industry Insights

Marathon Petroleum Corporation (MPC) will begin trading ex-dividend on November 17, 2020. A cash dividend payment of $0.58 per share is scheduled to be paid on December 10, 2020. Shareholders who purchased MPC prior to the ex-dividend date are eligible for the cash dividend paym Source: Industry Insights

Friday was a good day on Wall Street, as the stock market moved higher even in the face of huge challenges. Between the presidential transition in Washington, the COVID-19 pandemic, and tough economic and business conditions throughout much of the world, market participants never Source: Industry Insights

The worst performing sector as of midday Thursday is the Energy sector, showing a 2.9% loss. Within that group, Phillips 66 (Symbol: PSX) and Marathon Petroleum Corp. (Symbol: MPC) are two large stocks that are lagging, showing a loss of 5.4% and 4.8%, respectively. Among ene Source: Industry Insights

Investors in Marathon Petroleum Corp. (Symbol: MPC) saw new options become available today, for the December 31st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MPC options chain for the new December 31st contracts and identified one p Source: Industry Insights

In trading on Monday, shares of Marathon Petroleum Corp. (Symbol: MPC) crossed above their 200 day moving average of $35.01, changing hands as high as $38.22 per share. Marathon Petroleum Corp. shares are currently trading up about 15.6% on the day. The chart below shows the Source: Industry Insights

The U.S. refining sector soared on Monday after pharmaceutical company Pfizer said it had developed a vaccine that was more than 90% effective in preventing COVID-19. Source: Industry Insights