It also has long-term fuel-supply contracts with other gas stations. An Elliott representative declined to comment. “Marathon’s board and management team have a longstanding history of engaging with shareholders,” the company said in a statement provided to CSP Daily News. Shaw, New York, which owns 0.9% stake in Marathon Petroleum, also has been pushing the company to find ways to unlock more value, people familiar with the matter told the Blade. To see how, and to learn how to control cookies, Possible buyers include Canada's Alimentation Couche-Tard Inc., people familiar with the matter said. It. In September, Elliott, which is run by billionaire Paul Singer, renewed its push for the second-biggest refiner in the U.S. to divide itself into three separate companies: Retail, midstream and refining. Possible buyers include Canada's Alimentation Couche-Tard Inc., people familiar with the matter said. Marathon Petroleum Corp. is planning to announce several measures including the departure of Chairman and Chief Executive Officer Gary Heminger in an effort to strike a … Marathon Petroleum (NYSE: MPC) shares are trading higher on Wednesday after Cowen & Co. upgraded the company's stock from Market Perform to Outperform and raised its price target from $37 to $43. Marathon Oil price target lowered to $4 from $6 at Truist Securities, stock rated hold MarketWatch 13:06 2-Oct-20. There are also several refineries on the block that could be picked up by one of these players, Lipow noted, including those by Petrobras (in Pasadena, Texas, which some think could fetch $500 million), Royal Dutch Shell (in Martinez, California) and Citgo (it has facilities in Texas, Louisiana and Illinois). Circuit breaker lockdown: What is the science behind it and has it worked elsewhere? How and when will the UK impose ‘circuit breaker’ lockdown? It’s also expected to announce the spinoff of its retail fuel station business, which largely operates under the Speedway brand, and a review of its pipeline business, said the people, who asked not to be identified because the matter is private. Write to Cara Lombardo at cara.lombardo@wsj.com, Miriam Gottfried at Miriam.Gottfried@wsj.com and Rebecca Elliott at rebecca.elliott@wsj.com, Bed Bath & Beyond, Boeing rise; Marathon, Allstate fall, U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic, Marathon Petroleum, top U.S. refiner, begins widespread job cuts, President, Chief Executive Officer & Director, SVP-Labor Relations, Operations & Health Services, Chief Financial Officer & Executive Vice President, Chief Information Officer & Vice President. While he has previously assuaged investors including Jana Partners and overseen a fivefold increase in dividend payments, Marathon has faltered more recently as it sought to expand through acquisitions, including its $22 billion purchase of rival Andeavor in 2018. etrobras (in Pasadena, Texas, which some think could fetch $500 million), Royal Dutch Shell (in Martinez, California) and Citgo (it has facilities in Texas, Louisiana and Illinois). Shaw & Co. on Oct. 17 over the investors’ concerns about the company’s performance, strategy and governance, the, Foster and Jeff Stevens, who together have a 1.7% stake in Marathon Petroleum, recently sent a letter to the company’s board, The letter detailed concerns about the company’s strategy and performance since the $23.3 billion, Foster is a co-founder and former chairman of, Their letter followed a previous communication from New York-based Elliott Management calling for Marathon Petroleum to be.

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