(GLOBE NEWSWIRE via COMTEX) --FINDLAY, Ohio, Jan. 27, 2017 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.36 per share on common stock. The dividend is payable March 10, 2017, to shareholders of record as of the close of business Feb. 16, 2017.
On Feb. 1, MPC will provide an update on its 2016 fourth-quarter and full-year results through an earnings release, to be followed by a conference call scheduled for 9 a.m. EST that day. Interested parties may listen to the conference call by dialing 1-800-447-0521 (confirmation number 44084607) or by visiting MPC's website at http://www.marathonpetroleum.com and clicking on the "2016 Fourth-Quarter and Full-Year Financial Results" link.
About Marathon Petroleum Corporation
MPC is the nation's third-largest refiner, with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through approximately 5,500 independently owned retail outlets across 19 states. In addition, Speedway LLC, an MPC subsidiary, owns and operates the nation's second-largest convenience store chain, with approximately 2,730 convenience stores in 21 states. MPC owns, leases or has ownership interests in approximately 8,400 miles of crude and light product pipelines and more than 5,600 miles of gas gathering and natural gas liquids (NGL) pipelines. MPC also has ownership interests in 54 gas processing plants, 13 NGL fractionation facilities and two condensate stabilization facilities. Through subsidiaries, MPC owns the general partner of MPLX LP, a midstream master limited partnership. MPC's fully integrated system provides operational flexibility to move crude oil, NGLs, feedstocks and petroleum-related products efficiently through the company's distribution network and midstream service businesses in the Midwest, Northeast, East Coast, Southeast and Gulf Coast regions.
Investor Relations Contacts:
Lisa D. Wilson (419) 421-2071
Denice Myers (419) 421-2965
Doug Wendt (419) 421-2423
Chuck Rice (419) 421-2521
Jamal Kheiry (419) 421-3312
Source: Marathon Petroleum Corporation
MPC Dividend - 2016 4Q