Marathon Petroleum Corporation

2018 Press Releases

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02/06/18Marathon Petroleum Corp. and MPLX LP to present at Credit Suisse Energy Summit
FINDLAY, Ohio, Feb. 6, 2018 /PRNewswire/ -- On Tuesday, Feb. 13, Gary R. Heminger, the chairman and chief executive officer of Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX), will deliver a presentation to investors and industry analysts at the Credit Suisse 2018 Energy Summit in Vail, Colorado. Heminger's presentation is scheduled to begin at 8:35 a.m. MST (10:35 a.m. EST). The live webcast and archived presentation can be viewed on MPC's Investor Relations website, http://ir.... 
 
02/05/18Marathon Petroleum Corp. announces make-whole redemption of its outstanding 2.700% senior notes due 2018
FINDLAY, Ohio, Feb. 5, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it intends to issue a notice of redemption to redeem all of the $600 million outstanding aggregate principal amount of its 2.700%  senior notes due on Dec. 14, 2018.  The 2018 senior notes will be redeemed on March 15, 2018, at a price equal to par plus a make-whole premium calculated in accordance with the terms of the 2018 senior notes and accrued and unpaid interest to, but not including, the... 
 
02/01/18Marathon Petroleum Corp. reports fourth-quarter and full-year 2017 results
Reported fourth-quarter earnings of $2.02 billion ($4.09 per diluted share); full-year earnings of $3.43 billion ($6.70 per diluted share)Fourth-quarter earnings reflect a net benefit of $3.04 per diluted share related to tax legislation enacted in the fourth quarterMidstream reported record segment results, primarily driven by MPLXSpeedway achieved record full-year performanceAnnounced closing of transactions with MPLX completing planned strategic actionsIncreased quarterly dividend by 15 perce... 
 
02/01/18Marathon Petroleum Corp. and MPLX LP closing on strategic transactions
FINDLAY, Ohio, Feb. 1, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) today are closing on the final transactions to complete the previously announced strategic actions. MPC is contributing refining logistics assets and fuels distribution services to MPLX that are projected to generate approximately $1 billion in annual earnings before interest, taxes, depreciation and amortization (EBITDA) for total consideration of $8.1 billion consisting of $4.1 billion... 
 
01/29/18Marathon Petroleum Corp. increases dividend
FINDLAY, Ohio, Jan. 29, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its board of directors declared a dividend of $0.46 per share on common stock. The dividend is payable March 12, 2018, to shareholders of record as of the close of business Feb. 21, 2018. "The $0.46 dividend approved by our Board represents a 15 percent increase to our regular dividend under an accelerated timeline," said Gary R. Heminger, chairman and chief executive officer.  "As we near t... 
 
01/29/18Marathon Petroleum Corp. announces 2018 annual meeting of shareholders
FINDLAY, Ohio, Jan. 29, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place at the company's headquarters in Findlay, Ohio, April 25, 2018, at 10 a.m. EDT. In addition, the company announced that Feb. 26, 2018, 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... 
 
01/23/18Marathon Petroleum Corporation announces senior leadership appointments
FINDLAY, Ohio, Jan. 23, 2018 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced the appointments of Brian K. Partee, currently director of Business Development, to vice president of Business Development, and Rick Linhardt, currently director of Tax, to vice president of Tax. Both positions are effective Feb. 1, 2018. Partee will report to Donald C. Templin, president of MPC, and Michael J. Hennigan, president of the general partner of MPLX LP (NYSE: MPLX), the master... 
 
01/08/18Marathon Petroleum Corp. to announce 2017 fourth-quarter and full-year financial results Feb. 1
FINDLAY, Ohio, Jan. 8, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call Thursday, Feb. 1, 2018, at 9 a.m. EST to discuss 2017 fourth-quarter and full-year financial results, which will be released earlier that day, and to provide an update on company operations. Participants will be Gary R. Heminger, chairman and chief executive officer; Don Templin, president; Tim Griffith, senior vice president and chief financial office...