Marathon Petroleum provides update on Garyville refinery operations Marathon Petroleum Corporation's Garyville refinery was impacted by a tornado that occurred on May 28. As a result of this severe weather, the refinery experienced damage to a cooling water system that serves part of the refinery causing the No. 1 crude unit and other units to be taken off-line. Based on MPC's initial assessment of the damage and necessary repairs, the crude unit is anticipated to be operational by mid-June. The company does not expect total refinery throughputs to be significantly impacted, projecting less than a 5% reduction to the company's prior throughput guidance for this quarter.
CST Brands should be acquistion target for Marathon, CNBC's Cramer says On Jim Cramer's "Mad Money" broadcast Monday, the host made the case for why Marathon Petroleum (MPC) should buy CST Brands (CST), according to a show recap posted by TheStreet. Shares of CST Brands are up 3.4% to $43.35 in pre-market trading. Reference Link