Marathon Pete Corp Stock Price, News & Analysis

Flyscan Systems announced that Kinder Morgan (NYSE: KMI) has joined its strategic investor group, which includes Marathon Petroleum, Enbridge, and Hatch. The investment will support Flyscan's growth and accelerate its entry into the Natural Gas detection and quantification market.

Flyscan, founded in 2015 as a spin-off from Canada's National Optics Institute, is pioneering technology for pipeline leak detection and right-of-way damage prevention. The company utilizes remote sensing and artificial intelligence to detect liquid hydrocarbons and automate visual inspection from regulatory patrol planes.

KMI's COO James Holland emphasized the state-of-the-art nature of Flyscan's technologies and their importance in protecting employees, the environment, and communities. The partnership aims to leverage KMI's strategic footprint across multiple fuel types and extensive presence in the US market.

Marathon Petroleum's Garyville refinery has achieved a significant safety milestone, celebrating 30 years of maintaining OSHA's Voluntary Protection Program (VPP) Star status, making it the longest-running VPP Star refinery in the United States. The facility, which first earned this prestigious recognition in 1994, was only the sixth refinery nationwide and second in Louisiana to receive this honor.

Nearly 400 employees and contractors attended the milestone celebration in October 2024. The event featured special guest D-D Breaux, former LSU Women's Gymnastics Head Coach, who drew parallels between athletic excellence and workplace safety commitment. Mike Henschen, Senior Vice President of Refining Operations, and Jeremy Beasley, Environmental, Safety & Security Manager, emphasized the teamwork required to maintain this certification.

VPP Star status represents OSHA's highest recognition for exceptional achievements in safety and health management, demonstrating the refinery's outstanding commitment to maintaining a safe and healthy work environment.

Marathon Petroleum 's (MPC) Mexico City office partnered with TECHO, a Latin American nonprofit, to provide new homes for three families in need. The project, completed in a single weekend, involved 27 MPC employee volunteers who helped construct houses made from prefabricated wooden panels. Each home was equipped with a 290-gallon water catchment system, replacing previous makeshift shelters that had dirt floors and no running water.

The initiative marks the first collaboration between MPC's Mexico City office and TECHO. The office, which supports the company's ARCO® retail brand and fuel marketing operations in Mexico, plans to continue similar community involvement efforts in the future.

Marathon Petroleum Corp. (NYSE: MPC) has announced it will release its fourth-quarter and full-year 2024 financial results on February 4, 2025. The company will host a conference call at 11 a.m. EST on the same day to discuss the results. Investors can access the conference call through MPC's website, where a replay will be available for two weeks. Financial information, including the earnings release and investor materials, will be published on the company's website before the conference call.

LF Bioenergy announced the expansion of its renewable natural gas (RNG) project footprint with four operating facilities and two under construction across the U.S. The operational projects have achieved environmental benefits equivalent to reducing 60 million gasoline miles. The company aims to reach 15 operational RNG projects by 2027.

The company's RNG projects provide farmers with diversified revenue streams while eliminating manure disposal needs, improving soil and water quality, reducing odors, and cutting greenhouse gas emissions. Their business model requires no upfront farmer investment. The projects capture methane, which has a global warming potential 28 times greater than carbon dioxide, according to the EPA. The company recently added a new Commercial Vice President to strengthen its executive team.

Marathon Petroleum's Transportation and Rail Health and Safety department, along with local fleet operations and corporate medical services, participated in a volunteer initiative at Gleaners Food Bank in Indianapolis. A team of 14 volunteers successfully distributed food to over 1,200 households during a September volunteer day.

Since 2012, more than 400 Marathon employees have contributed 1,119 hours of service to Gleaners within Indiana. The food bank serves surrounding counties and supports smaller distribution organizations, helping families facing food insecurity during economic hardships and high inflation rates.

Marathon Petroleum (MPC) has been named to the Women In Trucking Association's 2024 Top Companies for Women to Work in Transportation list for the third consecutive year. The recognition was presented at the WIT Accelerate! Conference & Expo in Dallas, highlighting the company's commitment to gender diversity and career advancement.

The company offers transport drivers comprehensive benefits including flexible schedules, eight weeks of fully paid maternity leave, four weeks of paternity leave, adoption assistance, tuition reimbursement, 401k match, and a company pension plan. MPC was selected for its corporate culture fostering gender diversity, competitive compensation, and professional development opportunities.

The Muscogee (Creek) Nation in Oklahoma has enhanced its emergency response capabilities with a new mobile drone command center, funded by a $95,000 community investment grant from Marathon Petroleum's MPLX segment. The center enables simultaneous operation of up to five drones with real-time data transmission, supporting search and rescue, disaster response, and law enforcement operations. The funding decision was influenced by recent tornado events that caused loss of life on Muscogee Nation territory. The command center integrates drones from both the Office of Emergency Management and Lighthorse Police Department, significantly upgrading from previous controller screens.

Marathon Petroleum (MPC) has been named one of the top 20 businesses in Texas for sustainability leadership by Texan by Nature (TxN). As one of only two energy sector companies on the 2024 TxN 20 list, MPC invested over $340,000 in Texas environmental initiatives in 2023. Key projects included developing a pilot program for environmental strategies in pipeline construction, installing an air quality monitoring station in Juarez, and supporting the Galveston Bay Foundation. The selection process involved a 17-point scoring system across 12 industry sectors, evaluating conservation metrics and investments.