Latest news with #MarathonPetroleum
Axios
11 hours ago
- Business
- Axios
28 Ohio companies make 2025 Fortune 500 list
Nearly 30 of the country's top-grossing companies call Ohio home — including 10 in Northeast Ohio — according to the 2025 Fortune 500 list released Monday. Why it matters: Fortune 500 companies boost the state's economy, influence policy priorities and power job growth. Ohio's top-ranked companies, by fiscal year 2024 revenue, are: 15. Cardinal Health (Dublin): $226.8 billion — down 1 spot from last year. 27. Kroger (Cincinnati): $147.1 billion — down 2 spots. 29. Marathon Petroleum (Findlay): $140.4 billion — down 5. 51. Procter & Gamble (Cincinnati): $84 billion — down 1. Zoom in: Northeast Ohio's top-ranked company is Progressive (57), but Sherwin-Williams (191), Parker-Hannifin (215), Cleveland-Cliffs (221) and Goodyear (223) all landed in the top 250. Cleveland's KeyCorp (436) and Mentor's Avery Dennison (445) are further down the list, with revenue less than $10 billion. The intrigue: Cleveland military aircraft components manufacturer TransDigm (475) leaped 62 spots from last year's ranking. The big picture: Walmart topped the magazine's annual list for the 13th straight year. Amazon, UnitedHealth Group, Apple and CVS Health round out the top five.
Associated Press
4 days ago
- Business
- Associated Press
AFPM's Highest Safety Honor Goes to Three Marathon Petroleum Refineries
Key Points May 30, 2025 /3BL/ - Only four facilities earned the highest honor at this year's American Fuel & Petrochemical Manufacturers (AFPM) safety awards, and three of them are from Marathon Petroleum Corporation (MPC). The company's refineries in Detroit, Michigan; El Paso, Texas; and Kenai, Alaska, received the Distinguished Safety Award (DSA), which is reserved for facilities with performance in the top 1% of the industry. 'These awards reflect how strongly our facilities are adhering to company tenets that promote an incident-free workplace,' said MPC Refining Personal Safety & Security Senior Director Fritz Kin. 'Safe and reliable operations come only by focusing daily on protecting our people and the communities where we operate.' The DSA recognized the sites for a sustained, exemplary level of safety performance, program innovation and safety leadership throughout 2024. The winners were selected from a pool of finalists after site representatives went through face-to-face interviews with a committee of industry safety experts. In addition to the DSA winners, MPC's Catlettsburg, Kentucky, refinery won AFPM's Elite Silver Award for safety performance in the top 10% of the industry. Also, MPC's Robinson, Illinois, and Salt Lake City, Utah, refineries received the Safety Achievement Award for maintaining exemplary safety standards. Additionally, MPC's Refining Safety and Refining IT groups earned an Honorable Mention Award for innovation that recognized deployment of a chatbot tool to enhance safety. 'We are extremely proud of our teams because we know the focus that's required to reach this level of excellence and set yourself apart from industry peers,' said MPC Refining Process Safety Management Senior Director Marcus Garvin. 'Our employees truly put our core value of safety and environmental stewardship into action through consistent practices that reinforce safe work execution.' AFPM's awards reflect both personal safety performance and process safety performance. Among other award criteria, eligible facilities must not have a single recordable injury involving a life-critical task – an activity with the potential to cause serious harm to individuals; severe equipment damage; or a negative environmental impact. The Detroit refinery's DSA is its first since winning a 2010 and 2008 DSA. This is the first year the El Paso and Kenai refineries have earned the DSA. At last year's awards, the El Paso refinery received a 2023 Elite Platinum Award, AFPM's second highest honor, and the Kenai refinery earned a 2023 Elite Silver Award. Visit 3BL Media to see more multimedia and stories from Marathon Petroleum
Yahoo
6 days ago
- Business
- Yahoo
Hospice El Paso to receive over $100K from Marathon Petroleum Corporation
EL PASO, Texas (KTSM) – Hospice El Paso will receive a $174,000 donation from Marathon Petroleum Corporation this week, which includes the gift of a fully equipped ambulance to support the organization's patient transportation needs. The donation will be held on Thursday, May 29, the organization said in a news release. The donation will enable the organization to 'provide timely and compassionate transportation for patients requiring specialized end-of-life care, ensuring they receive the support they need with dignity and comfort,' read the news release by the organization. 'We are deeply grateful to Marathon Petroleum for their unwavering commitment to our community,' Dr. Jim Voiland, CEO of Hospice El Paso, said. 'This donation will have a lasting impact on our ability to serve patients and their families during some of their most challenging times. The ambulance will strengthen our mission to offer comprehensive services tailored to the unique needs of each patient.' In addition, Marathon's contribution includes support of the upcoming annual Margarita Shake-Off, scheduled for June 28, as well as sponsorship of the organization's Heart of Hospice Gala, according to the news release. The organization said funding for the two events supports the agency's charity care for uninsured or underinsured patients, veteran services, pediatric hospice care, bereavement, and support services. 'At Marathon, we believe in investing in the communities where we live and work,' Miguel Vasquez, board member of Hospice El Paso and industrial hygienist for Marathon Petroleum, said. 'Supporting Hospice El Paso aligns with our values and our commitment to enhancing the well-being of our neighbors.' For more information about Hospice El Paso and how to support its mission, visit here or call (915) 532-5699. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-05-2025
- Business
- Yahoo
Industrial Leaders Go "All-In" on AI, Enterprise Monitoring, and Human-Centric Innovation at Seeq Conneqt 2025
Eli Lilly & Co., Marathon Petroleum, and Intel join other pharma leaders, energy pioneers, and manufacturing champions to share success with new tech, smarter workflows, and rapid deployments. LAS VEGAS, May 15, 2025 /PRNewswire/ -- Seeq, a global leader in industrial analytics, AI, and enterprise monitoring today concluded its two-day global industry conference, Conneqt, at the Fontainebleau Hotel and Resort in Las Vegas. This year's event, with the theme "All-In," brought together leaders from around the world, showcasing the latest AI powered innovations from Seeq and how those innovations are driving a more modern, more sustainable, and more efficient industrial future. The annual event was attended by leaders from some of the most innovative and recognizable companies across the pharmaceutical, energy, semiconductor, chemicals, mining, food and beverage, and other industries. It also featured keynotes from Seeq CEO, Dr. Lisa Graham, Chief Product Officer Mark Derbecker, and Chief Technology Officer Dustin Johnson, as well as over 40 sessions led by Seeq customers from companies including Intel, ExxonMobil, Eli Lilly & Co, International Paper, 3M, Energy Transfer, Indorama Ventures, Cargill, Marathon Petroleum, British Sugar, ClonBio, and many more. In her CEO Keynote kicking off the event, Graham reflected on the meaningful impacts that AI innovations, including the Seeq AI Assistant, have had across industries in recent years. Graham also predicted that true advantage will be built by those who recognize and leverage the power and interconnectedness between AI and human expertise, and that the impacts seen today will pale in comparison to what will be achieved in coming years. In the Product Keynote, Seeq Chief Product Officer Mark Derbecker, Chief Technology Officer Dustin Johnson, and leaders in the Seeq Product organization shared how Seeq is turning the vision painted by Graham into reality, including providing an early look at the next generation of AI advancements coming to the Seeq platform. Reflecting on the event, Graham shared: "What makes Conneqt truly special is that it's not a conference; it's a gathering of a community – a community of real people, solving real problems, and delivering real outcomes for their businesses. Witnessing the level of interaction is truly energizing—collectively celebrating successes, sharing knowledge, learning from one another, and collaborating to drive the transformative changes that are making our industries more efficient, sustainable, and profitable." The event underscored a growing movement: industrial organizations are embracing Seeq to break down silos, unify workflows, and unlock faster, smarter decisions. Conneqt 2025 also garnered support from key Seeq partners, including: Gold Sponsor – Amazon Web Services Executive Track Sponsor – AVEVA Silver Sponsor – BKO AI Silver Sponsor – IOTA Software Food & Beverage Track Sponsor – Swan-Black APERIO – Partner Theater Speaker IT Vision – Partner Theater Speaker About Seeq CorporationSeeq, a global leader in advanced analytics, AI, and enterprise monitoring for industrial companies, delivers a self-service, enterprise SaaS platform and solutions to accelerate critical insights and action from historically unused data. Oil and gas, pharmaceutical, specialty chemical, utility, renewable energy, and numerous other vertical industries rely on Seeq to optimize business and production outcomes, including yield, margins, quality, and sustainability. Seeq is a privately held virtual company with employees across the United States, Asia, Canada, Europe, and South America. To learn more about Seeq, visit Media Contact: Beckie Schuerenberg 206-801-9339 395214@ View original content to download multimedia: SOURCE Seeq Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Marathon Petroleum (NYSE:MPC) Declares US$0.91 Dividend Amid Recent Market Activity
Marathon Petroleum recently experienced a 32% price increase over the past month, amid a backdrop of significant financial and operational updates. The company's first-quarter earnings report revealed a net loss of $74 million and a decline in sales and revenue compared to the previous year, which might not have directly spurred the price surge. However, the ongoing stock buyback program and a declared dividend of $0.91 per share would have added weight to broader market movements, particularly as the market rose 4% in the same period, signaling investor confidence in the company's long-term value. We've discovered 2 risks for Marathon Petroleum that you should be aware of before investing here. We've found 16 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent 32% price surge in Marathon Petroleum's shares might reflect investor optimism, despite its first-quarter net loss of US$74 million. The company's initiatives, such as its stock buyback program and a US$0.91 per share dividend, seem to have bolstered investor confidence. Over the past five years, Marathon Petroleum's total shareholder return reached a remarkable 445.16%, indicating strong long-term performance. However, when compared to the past year, the company underperformed the broader US market, which recorded an 11.6% return. The ongoing infrastructure upgrades and acquisitions suggest potential support for improved revenue and earnings forecasts. Analysts project Marathon Petroleum's revenue will face a 2.9% annual decline over the next three years, with expectations of earnings reaching US$4.3 billion by 2028. These earnings forecasts rely on tighter supply conditions and increased refining margins. Despite current share price movements, the consensus analyst price target of US$156.02 is 7.4% higher than the present share price of US$144.55, indicating potential room for future growth. These factors underscore the need for diligent consideration of the company's future profitability and market positioning. Click to explore a detailed breakdown of our findings in Marathon Petroleum's financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:MPC. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
