Tuesday, January 7, 2025
Marathon Petroleum names midstream boss as new CEO, to retain unit- oil and gas 360

Marathon Petroleum names midstream boss as new CEO, to retain unit

Reuters Marathon Petroleum Corp on Wednesday tapped the head of its midstream business, Michael Hennigan, as its new chief executive officer and said it will retain the unit despite demands from shareholder Elliott Management to separate it. Hennigan replaces company veteran Gary Heminger, whose departure was announced in October when the largest U.S. independent refiner launched a sweeping restructuring that

Historic slide in oil could cost energy industry thousands of jobs- oil and gas 360

Historic slide in oil could cost energy industry thousands of jobs

CNBC This month’s historic swoon in oil prices has some on Wall Street worrying that crude will settle in a range under $40 a barrel. For the industry’s hundreds of thousands of workers, the bigger worry is their jobs. Though West Texas Intermediate crude has only plumbed its new lows for about a week, some are already warning that energy workers could