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StockStory48d agoneutral
Why Halliburton (HAL) Shares Are Sliding Today

Shares of oilfield services company Halliburton (NYSE:HAL) fell 3.4% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
Reuters50d agoneutral
BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued ‌on Monday by California drivers who accused them of using ‌artificial intelligence to boost prices at the pump. According to a proposed class action, the ​defendants violated California's main antitrust law, the Cartwright Act, by using an AI-based tool that uses data from competing gas stations to "coordinate high prices and wring more money from the pockets of consumers."

Exxon Saves Billions, But Margins Still Cut In Half
Trefis50d agoneutral
Exxon Saves Billions, But Margins Still Cut In Half

Management once built its transformation story on massive cost discipline — and it's still telling it, louder than ever. Yet as profit margins fall by nearly half, a harder question emerges: if record cost savings can't hold the line, how resilient is the "transformed" company really.

Marathon Petroleum (MPC) Price Target Boosted at Wells Fargo. Here is Why
Insider Monkey52d agoneutral
Marathon Petroleum (MPC) Price Target Boosted at Wells Fargo. Here is Why

Marathon Petroleum Corporation (NYSE:MPC) is included among the 12 Best American Oil Stocks to Buy Now. Marathon Petroleum Corporation (NYSE:MPC) is a leading integrated downstream and midstream energy company headquartered in Ohio. The company operates the largest refining system in the United States, boasting approximately 3 million barrels per day of crude oil capacity across […]

Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run
Simply Wall St.55d agoneutral
Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run

Recent Performance Snapshot Marathon Petroleum (MPC) has drawn investor attention after recent trading, with the stock last closing at US$250.47. The move comes against a backdrop of mixed short term returns and stronger longer term performance metrics. See our latest analysis for Marathon Petroleum. Recent trading has cooled slightly, with the 7 day share price return down 2.97% and the 30 day share price return down 1.79%. However, the year to date share price return of 51.67% and 5 year...

Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens
Simply Wall St.55d agoneutral
Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens

U.S. and Iran have reached a peace agreement that reopens the Strait of Hormuz, restoring a critical global oil transit route. The agreement affects crude flows to key refining hubs, including the United States, with potential implications for refiner input costs and supply security. Marathon Petroleum (NYSE:MPC), a major U.S. refiner, is directly exposed to changes in seaborne crude availability and shipping conditions through this corridor. Marathon Petroleum operates one of the largest...

The Best Energy ETFs to Buy
Kiplinger56d agobullish
The Best Energy ETFs to Buy

Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.