Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream ...

Buying $1000 In MPC: If an investor had bought $1000 of MPC stock 5 years ago, it would be worth $2,662.44 today based on a price of $155.30 for MPC at the time of writing.

While some U.S. refiners are scaling back, Saudi Arabia’s Motiva Enterprises just made a power move. The Saudi Aramco-owned refinery in Port Arthur, Texas, has quietly expanded its capacity, now ...

U.S. refiners have become more reliant on heavy crude from Canada. Tariffs on Canadian crude oil imports could lead to higher gasoline prices for U.S. drivers.

The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to ...

Chevron's reserves, or the amount of oil and gas that it can potentially extract, declined from 11.1 billion barrels of oil ...

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space. The Wall Street Journal reported that Elliott, which had ...

79 per cent of low-carbon hydrogen projects are stuck in the planning stage as developers struggle with high production costs ...

Bloomberg too was upbeat about oil’s immediate prospects: the news agency pointed out that “There are signs of tightness in ...

Marathon Petroleum Corp (NYSE:MPC), a $48.86 billion market cap company currently trading at $154.58, has entered into an underwriting agreement with major financial institutions, as disclosed in a ...