Petroleum
Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit

Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its chairman and chief executive officer, just five weeks after activist investor Elliott Management Corp. went public with demands for a radical overhaul of the company.
October 31, 2019Portugal May Declare Civil Order to Counter Fuel Supply Shortage

Portugal may declare a civil order to ensure that truck drivers, who began a strike Aug. 12, deliver enough fuel to stop gas stations across the country from running dry at the height of the country’s tourism season, Prime Minister Antonio Costa said.
August 12, 2019Experts to Dissect Industry Trends, Insights at ATA Economic Summit

Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.
August 9, 2019Occidental Begins Bond Sale to Fund Anadarko Deal
Occidental Petroleum Corp. is selling bonds to help finance its $38 billion acquisition of Anadarko Petroleum Corp., as debt issuers show faith in the market rebound.
August 6, 2019