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Examples
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Although some refiners are taking a wait-and-see attitude toward the Utica shale, Findlay, Ohio-based Marathon Petroleum Corp.'s Chief Executive Gary Heminger made no bones about the impact production would have in bringing crude oil directly to the company's refineries in Ohio and Kentucky.
Producers, Refiners Sniff Opportunity in Rust Belt Oil Shale Ryan Dezember 2011
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CEO Gary Heminger said during an investor conference in November that while he would "never say never" to creating an MLP for the company's pipelines, "an MLP is not the direction that we see fits our opportunity the best."
Marathon Weighs Pipeline Spinoff Ryan Dezember 2012
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On Wednesday, Mr. Heminger said the share-repurchase plan and intention to evaluate its pipeline business "demonstrate our commitment to pursuing opportunities to create near- and long-term value for our shareholders."
Marathon Weighs Pipeline Spinoff Ryan Dezember 2012
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Mr. Heminger said Wednesday that the company would take time to review an MLP's implications on the parent company's credit rating and that maintaining an investment-grade rating for Marathon Petroleum was its "number one financial priority."
Marathon Weighs Pipeline Spinoff Ryan Dezember 2012
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"We will have a tremendous appetite if they can develop the Utica crude source," Mr. Heminger said during a recent conference call with investors.
Producers, Refiners Sniff Opportunity in Rust Belt Oil Shale Ryan Dezember 2011
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And the SEIU has spent $100,000 of the money it has skimmed off of government employee paychecks to trash independent Democrat Senator Tim Sheldon: Terry Heminger, a Mason County Fire District No. 1 volunteer who lives in Hoodsport, says he's gotten at least four phone calls since Thursday ...
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Heminger, the current head of Marathon's refining business, would become CEO of the split-off company.
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"We're very pleased with how the refinery has performed out of the blocks," Heminger told analysts.
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"With a fully aligned downstream business, Marathon Petroleum Corp. will have the ability to pursue a strategy specific to the strengths we have developed over many years," Heminger said.
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"With a fully aligned downstream business, Marathon Petroleum Corp. will have the ability to pursue a strategy specific to the strengths we have developed over many years," Heminger said.
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