'Marathon to Shut Third-Largest US Oil Refinery After Storage Tank Fire' -Bloomberg Report
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum Corporation (MPC) is set to shut down its third-largest US oil refinery following a fire incident in one of its storage tanks, according to a Bloomberg report.
August 25, 2023 | 7:23 pm
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The shutdown of Marathon Petroleum Corporation's third-largest US oil refinery due to a fire incident could potentially disrupt its operations and affect its revenue in the short term.
The shutdown of a major oil refinery can disrupt the company's operations, potentially leading to a decrease in production and sales. This could negatively impact the company's revenue and profitability, which could in turn affect its stock price.
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