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2015 Press Releases

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Q2 2017 Marathon Petroleum Corporation Earnings Conference Call (Live)
07/27/17 at 9:00 a.m. ET
Q2 2017 Marathon Petroleum Corporation Earnings Conference Call
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12/21/15Marathon Petroleum Corporation Announces Senior Management Changes
FINDLAY, Ohio, Dec. 21, 2015 - Marathon Petroleum Corporation (NYSE: MPC) President and Chief Executive Officer Gary R. Heminger today announced changes in the company's senior management structure that will be effective Jan. 1, 2016. Donald C. Templin, executive vice president, Supply, Transportation and Marketing, has been named president, MPLX (NYSE: MPLX). Templin will continue to report to Heminger and remain an executive vice president of MPC. He will be located in Findlay. Also effect... 
 
12/07/15Marathon Petroleum Corp. prices $1.5 billion senior notes offering
FINDLAY, Ohio, Dec. 7, 2015 - Marathon Petroleum Corporation (NYSE: MPC) has priced $1.5 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of three series of senior notes: $600 million aggregate principal amount of 2.700% senior notes due in 2018 $650 million aggregate principal amount of 3.400% senior notes due in 2020 $250 million aggregate principal amount of 5.850% senior notes due in 2045 The 2018 senior notes, the 2020 senior no... 
 
12/04/15Marathon Petroleum Corp. announces successful completion of MPLX/MarkWest combination and director and executive appointments
FINDLAY, Ohio, Dec. 4, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced the completion of the previously announced merger by which MarkWest Energy Partners, L.P. became a wholly-owned subsidiary of MPLX LP (NYSE: MPLX).Effective with the closing are the following executive and director appointments:Frank M. Semple has been elected to the board of directors of MPC. Mr. Semple will also serve as vice chairman of the general partner of MPLX and has been elected to its board of dire... 
 
12/03/15Marathon Petroleum Corp. and MPLX LP announce 2016 capital investment plan
FINDLAY, Ohio, Dec. 3, 2015 - At an analyst and investor presentation today, Marathon Petroleum Corp. (NYSE: MPC) announced its 2016 capital investment plan of $4.2 billion. The plan includes $1.5 billion for MPC's refining and marketing segment; nearly $400 million for Speedway, MPC's retail subsidiary; and $2.2 billion for MPC's pipeline transportation segment, which includes $1.7 billion for MPLX LP (NYSE: MPLX)."We continue to focus on investing in our more stable cash-flow generating m... 
 
11/23/15Marathon Petroleum Corp. and MPLX LP Analyst and Institutional Investor Meeting to be Webcast Live on Dec. 3
FINDLAY, Ohio, Nov. 23, 2015 - Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) will host an analyst and institutional investor meeting on Thursday, Dec. 3. The presentation will be webcast live beginning at 9 a.m. EST. The webcast will include the presentation audio as well as accompanying slides. The meeting is expected to conclude at approximately 11:30 a.m. This event will be accessible via the MPC website at http://ir.marathonpetroleum.com and the MPLX website at http://ir.mplx... 
 
11/17/15Marathon Petroleum Corporation Further Increases Cash Consideration for MPLX/MarkWest Combination
Increases one-time cash payment to $6.20 per unit on a best and final basis Three of MarkWest's largest unitholders agree to support transaction Unitholder vote scheduled for Dec. 1, 2015 FINDLAY, Ohio, Nov. 17, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced that in connection with the combination of MPLX LP (NYSE: MPLX), MPC's midstream master limited partnership, and MarkWest Energy Partners, L.P. (NYSE: MWE), MPC will further increase the amount of the one-time cash consid... 
 
11/10/15Marathon Petroleum Corp. increases cash consideration for MPLX/MarkWest merger
One-time cash payment from MPC raised to $1.075 billion from $675 million Total cash consideration of ~$5.21 per unit substantially enhances value to MarkWest unitholders FINDLAY, Ohio, Nov. 10, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today announced that it has agreed to contribute an additional $400 million of cash to MPLX LP (NYSE: MPLX), the midstream master limited partnership (MLP) sponsored by MPC, for a total cash contribution of $1.075 billion to fund a one-time cash paym... 
 
10/29/15Marathon Petroleum Corporation Reports Third-Quarter 2015 Results
Reported third-quarter earnings of $948 million ($1.76 per diluted share) Converted nearly 1,000 of 1,245 acquired sites to the Speedway brand since close Canceled $2.2 billion Residual Oil Upgrader Expansion (ROUX) project Returned $327 million of capital to shareholders, including $156 million of share repurchases MarkWest combination with MPLX expected to close this year             FINDLAY, Ohio, Oct. 29, 2015 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2015 third-q... 
 
10/28/15Marathon Petroleum Corporation Announces Dividend
FINDLAY, Ohio, Oct. 28, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.32 per share on common stock. The dividend is payable Dec. 10, 2015, to shareholders of record as of the close of business Nov. 18, 2015. On Oct. 29, MPC will provide an update on its 2015 third-quarter results through an earnings news release, to be followed by a conference call scheduled for 10 a.m. EDT that day. Interested investors can listen to the... 
 
09/29/15Marathon Petroleum Corporation to Announce 2015 Third-Quarter Financial Results Oct. 29
FINDLAY, Ohio, Sept. 29, 2015 - Marathon Petroleum Corporation (NYSE: MPC) announced today that it will host a conference call on Thursday, Oct. 29, at 10 a.m. EDT to provide an update on company operations and to discuss 2015 third-quarter financial results, which will be released earlier that day. MPC participants will be Gary Heminger, president and chief executive officer, and Tim Griffith, senior vice president and chief financial officer. Other MPC executives will also be present during th... 
 
09/01/15Marathon Petroleum Corporation to Present at Barclays CEO Energy-Power Conference
FINDLAY, Ohio, Sept. 1, 2015 - On Wednesday, Sept. 9, Marathon Petroleum Corporation (NYSE: MPC) President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the Barclays CEO Energy-Power Conference in New York City.Heminger's presentation is scheduled to begin at 8:25 a.m. EDT. The live webcast and archived presentation can be viewed on Marathon Petroleum's Investor Relations website, http://ir.marathonpetroleum.com. The archived webcast and presentation ... 
 
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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