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2015 Press Releases

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08/20/15Marathon Petroleum Corporation Appoints Tom Kaczynski as Vice President of Finance and Treasurer
FINDLAY, Ohio, Aug. 20, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced the appointment of Tom Kaczynski to the position of vice president of finance and treasurer, effective Aug. 31."It's a pleasure for us to welcome Tom to Marathon Petroleum," said Tim Griffith, senior vice president and chief financial officer. "He brings broad experience in the capital markets, managing corporate capital structures, and an extensive background in capital allocation strategies... 
 
07/30/15Marathon Petroleum Corporation Reports Second-Quarter 2015 Results
Reported second-quarter earnings of $826 million ($1.51 per diluted share) Converted more than half of the 1,245 new retail sites to the Speedway brand since acquisition Returned $544 million of capital to shareholders, including $408 million in share repurchases Board authorized an additional $2 billion of share repurchases Announced transformative MPLX/MarkWest strategic combination FINDLAY, Ohio, July 30, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2015 second-quarter e... 
 
07/29/15Marathon Petroleum Corporation Announces Election of New Director
FINDLAY, Ohio, July 29, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced that Charles E. Bunch has been elected to the company's board of directors, to be effective Sept. 22, 2015.Bunch is chairman of the board and chief executive officer of PPG Industries, a role he has held since 2005. Effective Sept. 1, 2015, he will retire as chief executive officer and remain as executive chairman of PPG. Bunch also serves as a member of the boards of directors of ConocoPhillips and the PNC... 
 
07/29/15Marathon Petroleum Corporation Increases Dividend 28 Percent
FINDLAY, Ohio, July 29, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.32 per share on common stock, a 28 percent increase from the $0.25 per-share dividend in the first quarter of 2015, after adjusting to reflect the two-for-one stock split that occurred during the second quarter. The dividend is payable Sept. 10, 2015, to shareholders of record as of the close of business Aug. 19, 2015."This is the fifth increase in ... 
 
07/13/15Marathon Petroleum Corporation Expands Midstream Footprint with MPLX/MarkWest Strategic Combination
FINDLAY, Ohio, July 13, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced that MPLX LP (NYSE: MPLX), the midstream master limited partnership (MLP) sponsored by MPC, has signed a definitive merger agreement with MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) whereby MarkWest would become a wholly owned subsidiary of MPLX. The merger would be a unit-for-unit transaction, generally expected to be tax-free, plus a one-time cash payment to MarkWest unitholders, that implies an... 
 
06/19/15Marathon Petroleum Corporation to Announce 2015 Second-Quarter Financial Results July 30
FINDLAY, Ohio, June 19, 2015 - Marathon Petroleum Corporation (NYSE: MPC) will host a conference call on Thursday, July 30, at 10 a.m. EDT to provide an update on company operations and to discuss 2015 second-quarter financial results, which will be released earlier that day.MPC participants will be Gary R. Heminger, president and chief executive officer; Don Templin, executive vice president of Supply, Transportation and Marketing; and Tim Griffith, senior vice president and chief financial off... 
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04/30/15Marathon Petroleum Corporation Reports First-Quarter 2015 Results
Reported record first-quarter earnings of $891 million ($3.24 per diluted share) Converted over 400 of the 1,245 new retail sites to the Speedway brand since acquisition Authorized the sale of MPC marine assets to MPLX LP Returned $345 million of capital to shareholders, including $209 million of share repurchases Announced two-for-one stock split of MPC shares             FINDLAY, Ohio, April 30, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2015 first-quarter earni... 
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04/29/15Marathon Petroleum Corporation Announces Dividend and Two-for-One Stock Split
FINDLAY, Ohio, April 29, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.50 per share on common stock on a pre-split basis. The dividend is payable on June 10, 2015, to shareholders of record as of the close of business May 20, 2015. MPC also announced that its board of directors declared a two-for-one stock split in the form of a stock dividend to be distributed on June 10, 2015, to MPC shareholders of record as of the clos... 
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03/20/15Marathon Petroleum Corporation to Announce 2015 First-Quarter Financial Results April 30
FINDLAY, Ohio, March 20, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that it will host a conference call on Thursday, April 30, at 10 a.m. EDT to provide an update on company operations and to discuss 2015 first-quarter financial results, which will be released earlier that day. MPC participants will be Gary Heminger, president and chief executive officer; Don Templin, executive vice president of Supply, Transportation and Marketing; Tim Griffith, senior vice president and... 
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03/03/15Marathon Petroleum Corporation Announces Key Executive Changes
FINDLAY, Ohio, March 3, 2015 - Marathon Petroleum Corporation (NYSE: MPC) President and Chief Executive Officer Gary R. Heminger today announced a series of key management changes at MPC headquarters, including the appointments of Donald C. Templin as executive vice president, Supply, Transportation and Marketing, and Timothy T. Griffith as senior vice president and chief financial officer. Both will report to Heminger.Templin, who has served as senior vice president and chief financial officer ... 
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02/17/15Marathon Petroleum Corporation to Present at Credit Suisse Energy Summit
FINDLAY, Ohio, Feb. 17, 2015 - On Tuesday, Feb. 24, Marathon Petroleum Corporation's (NYSE: MPC) President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the Credit Suisse 2015 Energy Summit in Vail, Colo. Heminger's presentation is scheduled to begin at 8 a.m. MST (10 a.m. EST). The live webcast and archived presentation can be viewed on Marathon Petroleum's Investor Relations website, http://ir.marathonpetroleum.com. The archived webcast and present... 
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02/05/15Marathon Petroleum Corporation Announces 2015 Annual Meeting of Shareholders
FINDLAY, Ohio, Feb. 3, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its 2015 annual meeting of shareholders will take place at the company's headquarters in Findlay, Ohio, on April 29, 2015 at 10 a.m. EDT. In addition, the company announced that March 2, 2015, has been fixed as the record date for determination of the shareholders of the company entitled to notice of, and to vote at, the annual meeting. ### About Marathon Petroleum Corporation MPC is the nation's fo... 
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02/04/15Marathon Petroleum Corporation Reports Fourth-Quarter and Full-Year 2014 Results
Reported fourth-quarter earnings of $798 million ($2.86 per diluted share); full-year earnings of $2.52 billion ($8.78 per diluted share) Achieved record earnings for Speedway segment Executed first step in accelerated growth plan for MPLX Returned $2.7 billion of capital to shareholders in 2014, including $820 million in the fourth quarter Announced $2.53 billion in capital investments for 2015 FINDLAY, Ohio, Feb. 4, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2014 fourth... 
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02/04/15Marathon Petroleum Corporation Announces 2015 Capital Investment Plan Focused on Value-Enhancing Refining Projects and Growth in Retail and Midstream Segments
FINDLAY, Ohio, Feb. 4, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced its 2015 capital investment plan of $2.53 billion. The plan includes $1.28 billion for the refining and marketing segment, $452 million for the Speedway segment, $659 million for the pipeline transportation segment and $140 million for corporate and other."MPC's 2015 capital investment plan demonstrates our commitment to execute on our corporate strategies," said MPC President and Chief Executive O... 
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02/02/15Marathon Petroleum Corporation Announced Dividend
FINDLAY, Ohio, Feb. 2, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.50 per share on common stock. The dividend is payable on March 10, 2015, to shareholders of record as of the close of business Feb. 18, 2015. On Feb. 4, MPC will provide an update on its 2014 fourth-quarter and full-year results through an earnings news release, to be followed by a conference call scheduled for 10 a.m. EST that day. Interested investors ... 
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