Marathon Petroleum CEO Stepping Aside as Activist Investors Win Concessions

Marathon Petroleum Corp. Chairman and CEO Gary Heminger, 66, plans to step down in 2020 after more than eight years at the helm to assuage the concerns of activist investors.

November 1, 2019

Marathon Petroleum Under Fire to Sack CEO, Split MPLX, Refinery Units

Activist hedge fund Elliott Management Corp., whose funds collectively own about 2.5% of Marathon Petroleum Corp. (MPC), is pushing the Findlay, OH-based operator to separate its midstream, refining and convenience store businesses to unlock more value.

September 27, 2019

Senate Confirms Elliott to PHMSA, but FERC Nominees Stalled by Inhofe Objection

The U.S. Senate confirmed Howard “Skip” Elliott to serve as administrator of the Pipeline and Hazardous Materials Safety Administration (PHMSA) Thursday, but a motion to confirm Kevin McIntyre and Richard Glick to FERC was set aside after one senator objected.

October 6, 2017

Activist Targets BHP Billiton, Calls For Demerger of U.S. Petroleum Business, Other Measures

BHP Billiton should jettison its U.S. petroleum business (offshore and on), which is undervalued by the market, does not contribute value to the company and does not mesh with BHP’s traditional mining operations, an activist shareholder said Monday in a letter to company directors.

April 10, 2017
Permian Renaissance Extending Into New Mexico, Says Oxy Exec

Permian Renaissance Extending Into New Mexico, Says Oxy Exec

The combination of oilfield technology advances and the accelerated investment interest in the Permian Basin has breathed new life into southeastern New Mexico, an Occidental Petroleum Corp. (Oxy) senior executive said Tuesday.

November 3, 2016

DCP Midstream Investigates 12-Inch Ruptured Louisiana Pipeline

The rupture of a 12-inch DCP Midstream pipeline Friday night in Jackson County, LA, resulted in no injuries and was under control soon after, according to a report filed with the U.S. National Response Center.

August 13, 2013