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2013 Press Releases

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Marathon Petroleum Corporation and MPLX LP at J.P. Morgan Energy Equity Conference  (Replay)
06/26/17 at 1:40 p.m. ET
Marathon Petroleum Corporation and MPLX LP at J.P. Morgan Energy Equity Conference
Monday, June 26, 2017 1:40 p.m. ET  
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12/18/13Marathon Petroleum Donates to Golf Fore Africa in Honor of LPGA Vare Trophy Recipient Stacy Lewis
FINDLAY, Ohio, Dec. 18, 2013 - Marathon Petroleum Corporation (MPC) today announced it will donate $10,000 to the non-profit organization Golf Fore Africa in honor of LPGA Vare Trophy recipient Stacy Lewis.   Golf Fore Africa Inc. is a non-profit organization dedicated to bringing hope and support to children in Africa who have been orphaned or made vulnerable by the AIDS pandemic. The organization, founded by LPGA Hall of Fame Golfer Betsy King in early 2007, provides education, medical ... 
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12/16/13Marathon Petroleum Corporation Announces Executive Appointments
FINDLAY, Ohio, Dec. 16, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced the appointment of Pamela K. M. Beall as senior vice president, Corporate Planning, Government and Public Affairs, effective Jan. 1, 2014. "Pam's extensive background in finance, business development and global procurement provides a tremendous foundation for these additional responsibilities in the company," said Gary R. Heminger, MPC's president and CEO. "Since MPC became an independent co... 
 
12/04/13Marathon Petroleum Corporation and MPLX LP Present Long-Term Strategic Priorities to Create Shareholder Value
Grow higher-valued, stable cash flow businesses: MPLX and Speedway Improve margins in refining operations Balance capital returns with value-enhancing investments Sustain focus on shareholder returns Maintain top-tier safety and environmental performance NEW YORK, Dec. 4, 2013 - Executives from Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today outlined the companies' strategic priorities at the MPC and MPLX 2013 Analyst & Investor Day. MPC President and CEO Gary R... 
 
11/25/13Marathon Petroleum Corporation Commits to Sandpiper Project
FINDLAY, Ohio, Nov. 25, 2013 - Marathon Petroleum Corporation (NYSE: MPC) and Enbridge Energy Partners, L.P. announced that MPC will serve as an anchor shipper for the Sandpiper Project. MPC will fund 37.5 percent of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners' North Dakota System when it is completed. Sandpiper is targeted to be operational in early 2016. In exchange for MPC's commitment to participate in the open season for Sandpiper and its in... 
 
11/20/13Marathon Petroleum Corporation and MPLX LP Analyst and Institutional Investor Meeting Webcast Live on Dec. 4
FINDLAY, Ohio, Nov. 20, 2013 - Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) announced today that the companies will be hosting an analyst and institutional investor meeting on Wednesday, Dec. 4. The presentation will be webcast live beginning at 8:30 a.m. EST. The webcast will include the presentation audio as well as accompanying slides. The meeting is expected to conclude at approximately 11:00 a.m. EST. This event will be accessible via the MPC website at http://ir.mara... 
 
11/15/13Marathon Petroleum Corporation Announces Retirement of Executive Vice President Garry L. Peiffer
FINDLAY, Ohio, Nov. 15, 2013 - Garry L. Peiffer, executive vice president, Corporate Planning and Investor & Government Relations, Marathon Petroleum Corporation (NYSE: MPC), has announced his intention to retire effective Jan. 1, 2014. "Throughout the past 39 years, Garry has made significant contributions to the success of the company," said Gary R. Heminger, MPC's president and CEO. "His leadership was instrumental as we charted the course for a joint venture between Marat... 
 
10/31/13Marathon Petroleum Corporation Reports Third-Quarter 2013 Results
Reported adjusted earnings of $183 million  Delivered strong Pipeline Transportation and Speedway segment performance   Returned nearly $1.2 billion of capital to shareholders  Authorized additional $2 billion share repurchase  FINDLAY, Ohio, Oct. 31, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today reported third-quarter earnings of $168 million, or $0.54 per diluted share, compared with $1.22 billion, or $3.59 per diluted share, in the third quarter of 2012. For the third quart... 
 
10/30/13Marathon Petroleum Corporation Announces Dividend
FINDLAY, Ohio, Oct. 30, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced its board of directors declared a dividend of $0.42 per share on common stock. The dividend is payable Dec. 10, 2013, to shareholders of record as of the close of business Nov. 20, 2013. On Oct. 31, MPC will provide an update on its 2013 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 conf... 
 
10/01/13Marathon Petroleum Corporation to Announce 2013 Third-Quarter Financial Results Oct. 31
FINDLAY, Ohio, Oct. 1, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that it will host a conference call on Thursday, Oct. 31, at 10 a.m. EDT to provide an update on company operations and to discuss 2013 third-quarter financial results, which will be released earlier that day. MPC participants will be Gary Heminger, president and chief executive officer; Garry Peiffer, executive vice president of Corporate Planning and Investor & Government Relations; Don Templin, senio... 
 
09/26/13Marathon Petroleum Corporation Announces Incremental $2 Billion Share Repurchase Authorization
FINDLAY, Ohio, Sept. 26, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors has approved an additional $2 billion share repurchase authorization through September 2015. This authorization is in addition to the previous authorization, which had $1.34 billion remaining as of June 30, 2013. MPC may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated share repurchases or ... 
 
09/09/13Marathon Petroleum Corporation Presents at Barclays CEO Energy-Power Conference
FINDLAY, Ohio, Sept. 9, 2013 - On Friday, Sept. 13, Marathon Petroleum Corporation's (NYSE: MPC) Sr. Vice President and CFO Don Templin will deliver a presentation to investors and industry analysts at the Barclays CEO Energy-Power Conference. The conference will be held at the Sheraton New York Times Square Hotel in New York City. Templin's presentation is scheduled to begin at 9:05 a.m. EDT. The live webcast and archived presentation can be viewed on Marathon Petroleum's Investor Relations we... 
 
08/01/13Marathon Petroleum Corporation Reports Second-Quarter 2013 Results
Reported adjusted earnings of $632 million  Delivered strong Speedway segment performance  Increased dividend 20 percent to $0.42 per share  Returned nearly $1 billion to shareholders  FINDLAY, Ohio, Aug. 1, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today reported second-quarter earnings of $593 million, or $1.83 per diluted share, compared with $814 million, or $2.38 per diluted share, in the second quarter of 2012. For the second quarter of 2013, earnings adjusted for special ... 
 
07/31/13Marathon Petroleum Corporation Announces Election of Two New Directors
FINDLAY, Ohio, July 31, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced that Steven A. Davis and James E. Rohr were elected to the company's board of directors, effective July 30, 2013. "With the extensive experience of both of these leaders, we are pleased to have Steve and Jim join our board. Their respective backgrounds each provide a unique perspective that will be beneficial to Marathon Petroleum," said Thomas J. Usher, the company's non-executive chairman of the board. "... 
 
07/31/13Marathon Petroleum Corporation Increases Dividend
FINDLAY, Ohio, July 31, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced the board of directors declared a dividend of 42 cents per share on common stock, a 20 percent increase in its quarterly dividend. The dividend is payable Sept. 10, 2013, to shareholders of record as of the close of business Aug. 21, 2013. "This is MPC's third dividend increase in the past 24 months and represents a 110 percent increase over the dividend at the time we became an independent public com... 
 
07/15/13Marathon Petroleum Corporation Provides Interim Second-Quarter 2013 Update
FINDLAY, Ohio, July 15, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced that the company expects to report earnings in the range of $570 million to $600 million, or $1.75 to $1.85 per diluted share, for the second quarter of 2013, compared with earnings of $814 million, or $2.38 per diluted share, for the second quarter of 2012. Included in the second-quarter 2013 estimate are after-tax charges of approximately $39 million, or $0.12 per share, related to pension settlement expe... 
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07/10/13Marathon Petroleum Corporation to Announce 2013 Second-Quarter Financial Results Aug. 1
FINDLAY, Ohio, July 10, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that it will host a conference call on Thursday, Aug. 1, at 10 a.m. EDT to provide an update on company operations and to discuss 2013 second-quarter financial results, which will be released earlier that day. MPC participants will be Gary Heminger, president and chief executive officer; Garry Peiffer, executive vice president of Corporate Planning and Investor & Government Relations; Don Templin, senior v... 
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06/03/13John R. Haley Appointed Vice President of Tax for Marathon Petroleum Corporation
FINDLAY, Ohio, June 3, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced that the board of directors appointed John R. (J.R.) Haley, currently director of Tax, to the newly established position of vice president of Tax, effective June 1, 2013. He will report to MPC's Senior Vice President and Chief Financial Officer Don Templin. "In this new position, J.R. will have responsibility for all tax matters including overall tax compliance, tax planning, and helping the company sha... 
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04/30/13Marathon Petroleum Corporation Reports First-Quarter 2013 Results
Achieved strong financial results  Operated Detroit refinery at design capacity   Completed acquisition of the Galveston Bay refinery and related assets on Feb. 1  Returned $547 million of capital to shareholders  Agreed to sell additional equity interest to MPLX for $100 million  FINDLAY, Ohio, April 30, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today reported first-quarter earnings of $725 million, or $2.17 per diluted share, compared with $596 million, or $1.70 per diluted ... 
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04/24/13Marathon Petroleum Corporation Announces First-Quarter 2013 Dividend
FINDLAY, Ohio, April 24, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced the board of directors declared a dividend of 35 cents per share on Marathon Petroleum Corporation common stock. The dividend is payable June 10, 2013, to shareholders of record as of the close of business May 16, 2013.On April 30, MPC will provide an update on its 2013 first-quarter results through an earnings news release, to be followed by a conference call scheduled for 10 a.m. EDT that day. Interested... 
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04/01/13Marathon Petroleum Corporation to Announce 2013 First-Quarter Financial Results Apr. 30
FINDLAY, Ohio, Apr. 1, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that it will host a conference call on Tuesday, Apr. 30, at 10 a.m. EDT to provide an update on company operations and to discuss 2013 first-quarter financial results, which will be released earlier that day. MPC participants will be Gary Heminger, president and chief executive officer; Garry Peiffer, executive vice president of Corporate Planning and Investor & Government Relations; Don Templin, senior vic... 
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02/27/13Marathon Petroleum Corporation to Present at Raymond James Institutional Investors Conference
FINDLAY, Ohio, Feb. 27, 2013 - On Monday, March 4, Marathon Petroleum Corporation's (NYSE: MPC) Sr. Vice President and CFO Don Templin will deliver a presentation to investors and industry analysts at the Raymond James 34th Annual Institutional Investors Conference in Orlando, Fla. Templin's presentation is scheduled to begin at 7:30 a.m. EST. The live webcast and archived presentation can be viewed on Marathon Petroleum's Investor Relations website, http://ir.marathonpetroleum.com. The archive... 
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02/01/13Marathon Petroleum Corporation to Present at Credit Suisse Energy Summit
FINDLAY, Ohio, Feb. 1, 2013 - On Wednesday, Feb. 6, 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 2013 Energy Summit in Vail, Colo. Heminger's presentation is scheduled to begin at 11:45 a.m. MST (1:45 p.m. EST).  The live webcast and archived presentation can be viewed on Marathon Petroleum's Investor Relations website, http://ir.marathonpetroleum.com. The archived webcas... 
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02/01/13Purchase of BP's Texas City Refinery and Related Assets Closes
FINDLAY, Ohio, Feb. 1, 2013 - Marathon Petroleum Corporation (NYSE: MPC) today announced that it has closed the transaction with BP to purchase several assets, including a 451,000 barrel per calendar day refinery located in Texas City, Texas. The refinery will be renamed and referred to in future MPC communications as the Galveston Bay refinery. Additionally, the transaction includes a 1,040 megawatt cogeneration facility, four light product terminals located in the Southeast, retail marketing c... 
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01/31/13Marathon Petroleum Corporation Announces 2013 Annual Meeting of Stockholders
FINDLAY, Ohio, Jan. 31, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its 2013 annual meeting of stockholders will be held at the company's headquarters in Findlay, Ohio, on April 24, 2013.In addition, the company announced that Feb. 25, 2013, has been fixed as the record date for determination of the stockholders of the company entitled to notice of, and to vote at, the annual meeting. About Marathon Petroleum CorporationMPC is the nation's fifth-largest refiner with a ... 
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01/30/13Marathon Petroleum Corporation Reports Fourth-Quarter and Full-Year 2012 Results
Reported fourth-quarter earnings of $755 million, or $2.24 per diluted share, and full-year earnings of $3.39 billion, or $9.89 per diluted share  $1.76 billion of capital returned to shareholders in 2012  Initial public offering of MPLX LP completed  $2.2 billion Detroit Heavy Oil Upgrade Project completed  Galveston Bay refinery and associated assets acquisition planned for Feb. 1  Capital expenditures of $1.6 billion authorized for 2013, excluding Galveston Bay purchase price  Boa... 
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01/30/13Marathon Petroleum Corporation Announces Incremental $2 Billion Share Repurchase Authorization and Fourth-Quarter 2012 Dividend
FINDLAY, Ohio, Jan. 30, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors has approved an additional $2 billion share repurchase authorization. The board also extended the remaining $650 million share repurchase authorization announced on Feb. 1, 2012, for a total outstanding authorization of $2.65 billion through December 2014. MPC may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block tran... 
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01/09/13Marathon Petroleum Corporation to Announce 2012 Fourth-Quarter and Year-End Financial Results Jan. 30
FINDLAY, Ohio, Jan. 9, 2013 - Marathon Petroleum Corporation (NYSE: MPC) announced today that it will host a conference call on Wednesday, Jan. 30, at 10 a.m. EST to provide an update on company operations and to discuss 2012 fourth-quarter and year-end financial results, which will be released earlier that day. MPC participants will be Gary Heminger, president and chief executive officer; Garry Peiffer, executive vice president of Corporate Planning and Investor & Government Relations; Don Tem... 
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01/08/13Toledo Classic, Inc. Announces Marathon Petroleum Corporation as New Title Sponsor of LPGA Tournament
TOLEDO, Ohio, Jan. 8, 2013 - The Toledo Classic, Inc. Board of Trustees announced today that Marathon Petroleum Corporation (NYSE: MPC) has become the new title sponsor of the annual LPGA tournament held at Highland Meadows Golf Club. The new name of the tournament will be the Marathon Classic presented by Owens Corning & O-I.  As a result of Marathon’s title sponsorship, the tournament will return to television in 2013 with all four rounds to be televised on The Golf Channel.... 
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