MPLX earnings call for the period ending March 31, 2020.
In unpredictable times, RBI should preserve its inflation credibility. This requires making institution of MPC more enduring, not less
Foobar2000 is the go-to music player for many users (including myself). Though it isn't available on Linux, you can opt for an alternative like DeadBeef. The program's interface is minimal and the […] Thank you for being a Ghacks reader. The post DeaDBeeF is …
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
"What is the 'new existence?'" "A fresh start." Time to finally dive into this crazy 3D animated short film The Seed of Juna, the latest creation from acclaimed Spanish VFX filmmaker Álvaro García Martínez (aka Álvaro García). He also made the short Sumer whi…
Reported first-quarter loss of $9.2 billion
A judicious mix of policies, combining direct payments with free food, in addition to providing work under MGNREGA, is urgently needed to ensure economic and physical access to food for the vulnerable sections. The govt has already announced some of these mea…
Oil prices have jumped in the past week. There are reasons for this: OPEC and its allies cut production, and U.S. firms also have already decreased output by nearly 1 million barrels.
One thing we could say about the analysts on Marathon Petroleum Corporation (NYSE:MPC) - they aren't optimistic...
Coronavirus (Covid-19) Tracker India News Live Updates: In the last 24 hours, 148 Covid-19 deaths have been reported across the country. The total number of cases is now 1,18,447, and the disease has killed 3,583 people so far.
Good news from Gilead Sciences and a statement from the Federal Reserve offset some grim economic numbers
Fireblocks announced today that their services had been used to secure $30 billion in digital asset transfers, cumulatively since their June 2019 launch. Last November, Forbes reported the Start-up moving $2.5 Billion.
A little more than five years after NextVR streamed its first live VR broadcast from California to my house in Michigan, Apple confirmed it’s acquiring the startup. While Apple has built AR features into some of its platforms already, rumors of a bigger push …
Real-time, virtual production tools from "The Lion King" and "The Mandalorian" are paving the way for a brave new world beyond the pandemic.
Shares of Sea Limited advance on strong quarter Continue reading...
Income from Marathon Petroleum's (MPC) Retail segment totals $519 million, more than triple the year-ago number as a result of higher fuel margins.
PBF earnings call for the period ending March 31, 2020.
The number of deaths from COVID-19, the illness caused by the novel coronavirus, rose above 250,000 on Tuesday, amid news reports that internal projections used by White House officials were forecasting a jump in U.S. cases to come, even as President Donald T…
MPC earnings call for the period ending March 24, 2020.
Linde plc (LIN), Phillips 66 (PSX) and Marathon Petroleum (MPC) reported better-than-expected March quarter bottom line numbers.
Marathon Petroleum Corp. shares rose 7.8% in premarket trade Tuesday, after the oil refiner posted a narrower-than-expected loss for the first quarter. Findlay, Ohio-based Marathon said it had net loss of $9.2 billion, or $14.25 a share, in the quarter, after a loss of $7 million, or 1 cents a share, in the year-earlier period. Excluding $12.4 billion in non-cash impairments, the company's adjusted per-share loss came to 16 cents, narrower than the 25 cents loss consensus forecast of FactSet analysts. Revenue fell to $25.215 billion from $28.253 billion a year ago, and below the $27.100 billion FactSet consensus. "Recent global events, including the COVID-19 pandemic and oil price tensions, have been disruptive to the personal and professional lives of many and significantly impacted demand for the transportation fuels we manufacture," Chief Executive Michael J. Hennigan said in a statement. The company is cutting its 2020 capex budget by $1.4 billion, or about 30%, temporarily suspending its share buyback program and boosting liquidity by tapping credit facilities. The company issued $2.5 billion in senior notes in April and secured an additional $1 billion revolving credit facility. As of May 5, Marathon had about $7.5 billion in total credit capacity and about $6.75 billion in available borrowing capacity. Shares have fallen 48% in the year to date, while the S&P 500 has fallen 12%.
Guru releases 1st-quarter portfolio Continue reading...
Q1 2020 Marathon Petroleum Corp Earnings Call
Today, we focus on earnings reports from Disney, Marathon Petroleum and Electronic Arts.
The MPC is of the view that the macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated, and various sectors of the economy are experiencing acute stress.
Those holding Marathon Petroleum (NYSE:MPC) shares must be pleased that the share price has rebounded 46% in the last...
Marathon Petroleum stock climbed early on Tuesday as the largest U.S. oil refiner reported a smaller-than-expected loss amid collapsing fuel demand.
U.S. oil refiner Marathon Petroleum Corp on Tuesday reported a loss in the first quarter on $12.4 billion in impairment charges, as widespread lockdowns to contain the spread of the COVID-19 pandemic pummeled demand for oil and gas. Net loss attributable for the largest U.S. oil refiner stood at $9.2 billion, or $14.25 per share, for the three months ended March 31, compared with loss of $7 million, or 1 cent per share, in the year earlier.
Akai hasn’t been shy about reinventing the classic MPC series. Right now you have at least five options to choose from, and that doesn’t include the apps (or… headphones). Today, Akai reveals the MPC Live II. As the name suggests, it’s a sequel to 2017’s orig…
Even with the latest surge in stock prices, nearly all energy stocks are down by double-digit percentages for the year.
MPC earnings call for the period ending March 24, 2020.
Marathon Petroleum (MPC) delivered earnings and revenue surprises of 33.33% and -7.04%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Marathon Petroleum's first-quarter loss excluding non-cash impairments was 16 cents a share, slimmer than the FactSet consensus.
Reported net loss attributable to MPLX of $2.7 billion; includes non-cash impairment charges of $3.4 billion primarily related to goodwill, equity method investments, and long-lived assets
Akai’s recent 2.8 software offers some powerful new features – and a revised MPC Live II could be a sweet spot in hardware, with expanded connectivity and built-in speakers. And finally, you get MIDI multi capability, like on the classic MPCs. Here’s the rund…
When it comes to energy stocks, "safety" is in the eye of the beholder.The world faces a massive supply glut as the coronavirus pandemic has simply removed much of the world's demand for oil. Energy has become so depressed that, a few weeks ago, the unthinkable happened: crude futures went negative. This means producers were paying contract holders to take crude off their hands.The energy market has normalized since then, and oil has moved higher, but we're still looking at low average prices not seen since the Clinton administration. Prices are still well below breakeven costs for most energy stocks, even some of oil's elder statesmen. Dividends have been cut or suspended. Some - including Whiting Petroleum (WLL) and Diamond Offshore (DOFSQ) - have filed for bankruptcy, and other oil and gas stocks could face the same fate.Thus, few energy investments feel "safe" right now. But as is the case after every oil crash, some energy stocks will survive. And of that group, some represent considerable bargains. They might not look pretty at the moment; a few have had to cut back on capital projects, even buybacks and dividends. But these moves have made them likelier to survive this downturn and come back swinging on an upturn in oil prices.Here are seven of the best energy stocks to speculate on as oil tries to claw its way back. It could be a bumpy ride - every one of them could experience more volatility if oil prices swing wildly again. But thanks to smart fiscal management so far in this crisis, they might pan out well for adventurous investors. SEE ALSO: 50 Top Stock Picks That Billionaires Love
Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent, while the reverse repo rate was reduced simultaneously to 3.35 per cent.
Short doc about Klay Thompson's recovery from ACL tear during the 2019 NBA Finals. DOP: Jacob Moller LP: Andy Coverdale EDIT: Stacy Peterson, Cut + Run VFX: MPC NY COLOR: Michael Rossitter, MILL NY Sponsored by Kaiser Permanente + NBA Tags: nba, recovery…