U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after it announced the sale of its Speedway gas stations to Japan’s Seven & I for $21 billion, which is expected to ease the refiner’s debt burden. Source: Industry Insights

U.S. oil refiner Marathon Petroleum Corp on Monday reported a quarterly adjusted loss and said will idle its Gallup and Martinez refineries indefinitely as coronavirus-led lockdown measures dampened demand for its products. Source: Industry Insights

(RTTNews) – Marathon Petroleum Corporation (MPC) will host a conference call at 9:30 AM ET on Aug. 3, 2020, to discuss Q2 20 earnings results. Source: Industry Insights

(RTTNews) – Marathon Petroleum Corp. (MPC) said Sunday that it agreed to sell its convenience store and gas station chain Speedway to 7-Eleven Inc., a subsidiary of Japan’s Seven & i Holdings Co, for $21 billion in cash. Source: Industry Insights

Marathon Petroleum Corp sold its Speedway gas station network to 7-Eleven Inc, a subsidiary of Japan’s Seven & i Holdings Co, for $21 billion in an all-cash deal, the companies said on Sunday. Source: Industry Insights

The following companies are expected to report earnings prior to market open on 08/03/2020. Visit our Earnings Calendar for a full list of expected earnings releases. Source: Industry Insights

Dunkin’ Brands (NASDAQ: DNKN) intends to shutter approximately 800 of its locations permanently in 2020, targeting those with low sales volume to streamline its expenditures and operations. The news was announced as part of yesterday’s earnings release, in which Dunkin’ announce Source: Industry Insights

Pemex’s trading arm is overhauling its fuel importing practices, five sources close to the matter said, which includes shifting to swapping crude oil with major partners in exchange for gasoline and other fuels to save cash. Source: Industry Insights

Investors in Marathon Petroleum Corp. (Symbol: MPC) saw new options begin trading today, for the September 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MPC options chain for the new September 11th contracts and identified one p Source: Industry Insights

U.S. oil refiners in coming days are expected to report the worst second-quarter results in a decade, with production outrunning demand while pandemic-related closings have sapped summer travel. Source: Industry Insights