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Marathon Petroleum Corp Announces Incremental $2 Billion Share Repurchase Authorization

Thursday, 26 Sep 2013 04:39pm EDT 

Marathon Petroleum Corp announced 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 open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, and repurchases may be discontinued at any time. 

Company Quote

-1.28 -1.28%
17 Apr 2015