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BUSINESS
April 23, 1999 | From Bloomberg News
Chevron Corp., the fourth-largest U.S. oil company, said Thursday that its first-quarter profit fell 36%, while USX Marathon Group, the sixth-largest, had a loss as a March rally in energy prices came too late to lift earnings. San Francisco-based Chevron's profit from operations fell to $281 million, or 43 cents a share, its lowest quarterly figure since 1995 and below the 50-cent average estimate of analysts surveyed by First Call Corp.
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BUSINESS
July 24, 2001 | From Bloomberg News and Reuters
USX-Marathon Group and Conoco Inc., the first of the top five U.S. oil companies to report second-quarter earnings, had better-than-expected profit on robust prices for natural gas, crude oil and fuel. Marathon, the nation's fourth-largest oil company, said profit jumped 59% to $582 million, or $1.88 a share, well above the $1.52-a-share average estimate of analysts polled by First Call/Thomson Financial. Revenue rose 5.4% to $9.18 billion. Conoco, the No.
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BUSINESS
July 24, 2001 | From Bloomberg News and Reuters
USX-Marathon Group and Conoco Inc., the first of the top five U.S. oil companies to report second-quarter earnings, had better-than-expected profit on robust prices for natural gas, crude oil and fuel. Marathon, the nation's fourth-largest oil company, said profit jumped 59% to $582 million, or $1.88 a share, well above the $1.52-a-share average estimate of analysts polled by First Call/Thomson Financial. Revenue rose 5.4% to $9.18 billion. Conoco, the No.
BUSINESS
April 23, 1999 | From Bloomberg News
Chevron Corp., the fourth-largest U.S. oil company, said Thursday that its first-quarter profit fell 36%, while USX Marathon Group, the sixth-largest, had a loss as a March rally in energy prices came too late to lift earnings. San Francisco-based Chevron's profit from operations fell to $281 million, or 43 cents a share, its lowest quarterly figure since 1995 and below the 50-cent average estimate of analysts surveyed by First Call Corp.
BUSINESS
April 25, 2001 | Reuters
USX Corp. said its board agreed to divide its two units, USX-U.S. Steel and USX-Marathon Group, into separate energy and steel businesses in a reorganization of the corporation's much-criticized tracking-stock structure. The plan calls for a tax-free spinoff of USX Corp.'s steel business into United States Steel Corp., which will be an independent and publicly traded concern. Current USX-U.S. Steel common stockholders would become shareholders of U.S. Steel Corp.
BUSINESS
October 5, 1999 | Bloomberg News
Among the new or revised stock ratings issued Monday by Wall Street analysts: * Avery Dennison Corp. (ticker symbol: AVY; close and change: $52.88, up 69 cents) was raised to "buy" from "market perform" by J.P. Morgan Securities. * Dell Computer Corp. (DELL; $43.25, up 69 cents) was rated "sell" in new coverage by Gilmour & Associates. * Keith Cos. Inc. (TKCI; $5.50, unchanged) was rated "attractive" in new coverage by Granite Financial Group, with a target of $8.
BUSINESS
June 1, 1998 | Bloomberg News
Marathon Oil Co., a Houston-based oil and natural-gas producer, agreed to buy Tarragon Oil & Gas for $1.1 billion in cash, stock and assumed debt to gain a foothold in western Canada's natural gas-rich Alberta province. Marathon, a unit of the USX-Marathon Group, said it will pay $760 million in cash and stock and assume $340 million in debt. Marathon is buying wells in Canada as pipelines open that will let more of that nation's gas reach U.S. markets, where prices for the fuel are higher.
BUSINESS
December 1, 2000 | Bloomberg News
USX Corp., owner of the largest U.S. steel producer and the fifth-largest U.S. oil company, is studying options for improving performance, including selling part or all of the company, Chief Executive Thomas Usher said. USX has hired legal and financial advisors to review the company's structure, Usher said. USX has two stocks, one tracking the performance of oil company USX-Marathon Group and the other linked to the returns of USX-U.S. Steel Group.
BUSINESS
May 16, 1997 | From Reuters
USX Corp. and Ashland Inc. said Thursday that they will combine their oil-refining, marketing and transportation operations in a bid to cut costs in the competitive and profit-squeezed industry. The move is the latest by major oil firms to try to bolster results in refining and marketing. Shell Oil Co. and Texaco Inc., for example, recently announced a joint venture.
BUSINESS
July 20, 2000 | From Bloomberg News
Baker Hughes Inc. named Michael Wiley, former senior executive with Atlantic Richfield Co., as president, chairman and chief executive of the oil-field-services company, effective Aug. 14. Wiley, 49, had been president and chief operating officer of Arco until it was acquired by BP Amoco in April for $33 billion. Wiley worked with the oil firm for 27 years.
BUSINESS
October 9, 1998
Stocks to Watch Today * Granite Construction (ticker symbol: GVA, Thursday close: $26.44): The construction and transportation contractor said third-quarter earnings will be higher than expected, mostly because of a higher volume of work and increased profitability in the company's geographic market sectors. * Medtronic (MDT, $50.
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