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MPC - Marathon Petroleum News Story

$53.43 -0.8  -1.5%

Last Trade - 19/04/21

Sector
Energy
Size
Large Cap
Market Cap £24.91bn
Enterprise Value £52.94bn
Revenue £50.26bn
Position in Universe 370th / 6849

BUZZ-U.S. energy shares rise as crude climbs on hopes of OPEC+ rollover

Wed 3rd March, 2021 1:28pm
** U.S.-listed energy shares rise premarket, mirroring
strength in oil prices 
    ** West Texas Intermediate  CLc1  futures gain 1.6% to
$60.68 helped by hopes of OPEC+ producers deciding against
boosting crude output this week  O/R  
    ** Oil major ExxonMobil Corp  XOM.N  and peer Chevron Corp
 CVX.N  both ~1.3% higher before the bell
    ** Top U.S. oil and gas producer XOM says it will grow its
dividend and cut debt through 2025, ahead of a closely watched
investor meeting  urn:newsml:reuters.com:*:nL2N2L104K
    ** Oilfield service provider Patterson-UTI Energy Inc
 PTEN.O  rises ~2% 
    ** Refiner Marathon Petroleum Corp  MPC.N  climbs 1.6%;
Phillips 66  PSX.N  firms 0.9%
    ** Diamondback Energy Inc  FANG.O  tacks on 2.7%, while
Apache Corp  APA.O  adds 1.8% 
    ** Oil producer Callon Petroleum Co  CPE.N , Devon Energy
Corp  DVN.N , Marathon Oil Corp  MRO.N  climb in a 1.2% to 2.5%
range
    ** Globally, oil stocks have broadly benefited as crude oil
 Lcoc1  has risen more than a fifth in price this year

 (Reporting by Aaron Saldanha in Bengaluru)
 ((Aaron.Saldanha@thomsonreuters.com; +91 80 6182 2844; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))
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