Marathon Petroleum Corporation

2017 Press Releases

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03/15/17Marathon Petroleum Corp. and MPLX LP announce executive retirement
FINDLAY, Ohio, March 15, 2017 - Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today announced the retirement of Randy S. Nickerson, executive vice president, Corporate Strategy, MPC, and executive vice president and chief commercial officer, MarkWest assets, of the general partner of MPLX, effective April 1, 2017. Following his retirement, Nickerson intends to serve in a consulting/advisory role to MPC and MPLX."After nearly 35 years in the energy industry, Randy has e... 
 
03/09/17Marathon Petroleum Corp. appoints Rodney P. Nichols as executive vice president of Human Resources, Health and Administrative Services
FINDLAY, Ohio, March 9, 2017 - Marathon Petroleum Corp. (NYSE: MPC) today announced the appointment of Rodney P. Nichols, senior vice president, Human Resources and Administrative Services,  to executive vice president, Human Resources, Health and Administrative Services, effective immediately.Nichols will continue to have responsibility for leading MPC's Human Resources, Health Services, Administrative Services and Aviation organizations. He will continue to report to Gary R. Heminger, MPC chai... 
 
03/01/17Marathon Petroleum Corp. drops down terminal, pipeline and storage assets to MPLX for $2 billion
FINDLAY, Ohio, March 1, 2017 - Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) today closed a transaction in which MPC contributed certain terminal, pipeline and storage assets to MPLX for total consideration of $2.015 billion. The assets include 62 light-product terminals with approximately 24 million barrels of storage capacity; 11 pipeline systems consisting of 604 miles of pipeline; 73 tanks with approximately 7.8 million barrels of storage capacity; a crude oil truck unloading... 
 
02/07/17Marathon Petroleum Corp. to present at Credit Suisse Energy Summit
(GLOBE NEWSWIRE via COMTEX) --FINDLAY, Ohio, Feb. 7, 2017 - On Tuesday, Feb. 14, Marathon Petroleum Corp. (NYSE: MPC) Chairman, President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the Credit Suisse 2017 Energy Summit in Vail, Colorado. Heminger's presentation is scheduled to begin at 12:05 p.m. MST (2:05 p.m. EST). The live webcast and archived presentation can be viewed on Marathon Petroleum's Investor Relations website, http://ir.marathonpetr... 
 
02/01/17Marathon Petroleum Corporation Reports Fourth-Quarter and Full-Year 2016 Results
Reported fourth-quarter earnings of $227 million ($0.43 per diluted share); full-year earnings of $1.17 billion ($2.21 per diluted share) Speedway achieved record full-year segment results Announced 2017 capital investment plan focused on growth and margin-enhancing investments Executing strategic actions announced on Jan. 3 to enhance shareholder value FINDLAY, Ohio, Feb. 1, 2017 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2016 fourth-quarter earnings of $227 million, o... 
 
01/30/17Marathon Petroleum Corporation Announces 2017 Annual Meeting of Shareholders
FINDLAY, Ohio, Jan. 30, 2017 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its 2017 annual meeting of shareholders will take place at the company's headquarters in Findlay, Ohio, on April 26, 2017 at 10 a.m. EDT. In addition, the company announced that Feb. 27, 2017, 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 t... 
 
01/27/17Marathon Petroleum Corporation announces election of new director
FINDLAY, Ohio, Jan. 27, 2017 - Marathon Petroleum Corporation (NYSE: MPC) today announced that J. Mike Stice has been elected to the company's board of directors, to be effective Feb. 22, 2017. Stice joins the MPC board with a career that spans more than 35 years in the upstream and midstream gas businesses, including as chief executive officer of Access Midstream Partners L.P., where he led one of the largest publicly traded gathering and processing master limited partnerships (MLPs). Stice b... 
 
01/27/17Marathon Petroleum Corp. announces dividend
(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.... 
 
01/12/17Marathon Petroleum Corp. appoints Dave Sauber as vice president of Human Resources and Labor Relations
(GLOBE NEWSWIRE via COMTEX) --FINDLAY, Ohio, Jan. 12, 2017 - Marathon Petroleum Corp. (NYSE: MPC) today announced the appointment of Dave Sauber to the position of vice president of Human Resources and Labor Relations, effective Feb. 1. Sauber, 53, comes to MPC after having retired from Shell Oil Company as vice president of Human Resources Policy, Benefits & Services for Shell's business in the U.S. "It is a pleasure to welcome Dave to Marathon Petroleum's executive team," said MPC Chair... 
 
01/11/17Marathon Petroleum Corporation to announce 2016 fourth-quarter and full-year financial results Feb. 1
(GLOBE NEWSWIRE via COMTEX) --FINDLAY, Ohio, Jan. 11, 2017 - Marathon Petroleum Corporation (NYSE: MPC) will host a conference call Wednesday, Feb. 1, at 9 a.m. EST to discuss 2016 fourth-quarter and full-year financial results, which will be released earlier that day, and to provide an update on company operations. MPC participants will be Gary R. Heminger, chairman, president and chief executive officer; Tim Griffith, senior vice president and chief financial officer; and other senior execu... 
 
01/03/17MARATHON PETROLEUM CORPORATION PROVIDES UPDATE ON STRATEGIC ACTIONS TO ENHANCE SHAREHOLDER VALUE
(GLOBE NEWSWIRE via COMTEX) --MPC Expects to Dropdown Assets Generating ~$1.4 Billion of EBITDA to MPLX as Soon as Practicable (Expected in 2017) MPC Expects to Exchange its Economic Interests in the GP for MPLX LP Units in Conjunction with Completion of Dropdowns (Expected in 2017)   Cash Proceeds from Dropdowns and Ongoing LP Distributions Expected to Fund Substantial Ongoing Return of Capital to MPC Shareholders in a Manner Consistent with Maintaining Investment Grade Credit Profiles...