Top U.S. oil refiner Marathon Petroleum to lay off 12% of workforce

© Reuters. A Marathon Petroleum banner covers an Andeavor sign outside the El Paso refinery in El Paso (Reuters) – Marathon Petroleum Corp (N:), the largest U.S. oil refiner, said it would lay off about 2,050 employees, or 12% of its workforce, at its U.S. operations, excluding Speedway, as the COVID-19 pandemic crushed global demand […]

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Marathon Petroleum to permanently close two U.S. oil refineries

© Reuters. FILE PHOTO: Robert Giatras fuels-up his car at a Speedway gas station in Des Plaines, Illinois By Erwin Seba HOUSTON (Reuters) – Marathon Petroleum (N:) plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand. […]

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Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout

© Reuters. Cars drive past the Marathon petroleum refinery in Carson, California By Gary McWilliams HOUSTON (Reuters) – Marathon Petroleum Corp (N:), the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $ 7.8 billion write-down from a sharp fall in fuel demand. Stay-at-home orders designed to contain the coronavirus […]

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