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Marathon Petroleum Corp (MPC.N)

MPC.N on New York Stock Exchange

59.87USD
14 Dec 2018
Change (% chg)

$-2.25 (-3.62%)
Prev Close
$62.12
Open
$61.56
Day's High
$62.64
Day's Low
$59.55
Volume
2,116,156
Avg. Vol
1,571,221
52-wk High
$88.44
52-wk Low
$59.55

Latest Key Developments (Source: Significant Developments)

Update On Acquisition Of Additional Atrush Interest
Sunday, 18 Nov 2018 04:30pm EST 

Nov 18 (Reuters) - ShaMaran Petroleum Corp ::UPDATE ON ACQUISITION OF ADDITIONAL ATRUSH INTEREST.SHAMARAN - IN REFERENCE TO AGREEMENT WHERE CO'S UNIT GEP AGREED TO BUY FROM MOKDV A FURTHER 15% WORKING INTEREST IN ATRUSH BLOCK PRODUCTION CONTRACT.SHAMARAN - MARATHON RE-ISSUED OFFER TO ACQUIRE MOKDV, WITH THE RESULT BEING CO NOW ENGAGED IN NEW BIDDING PROCESS FOR MARATHON INTEREST IN ATRUSH BLOCK.SHAMARAN PETROLEUM - NO ASSURANCE THAT ANY OFFER BY COMPANY OR GEP, IF SUBMITTED, WILL RESULT IN ACQUISITION OF INCREASED INTEREST IN ATRUSH BLOCK.  Full Article

Marathon Petroleum Intends To Temporarily Suspend Its Practice Of Providing Certain Financial And Statistical "Market Data" Information
Thursday, 1 Nov 2018 04:30pm EDT 

Nov 1 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP - INTENDS TO TEMPORARILY SUSPEND ITS PRACTICE OF PROVIDING CERTAIN FINANCIAL AND STATISTICAL "MARKET DATA" INFORMATION.MARATHON PETROLEUM CORP - IS CONSIDERING REVISIONS TO FORMAT OF INFORMATION PROVIDED IN LIGHT OF ITS RECENT ACQUISITION OF ANDEAVOR.MARATHON PETROLEUM CORP - COMPANY WILL PROVIDE FURTHER NOTIFICATION WHEN ITS PROVISION OF SUCH INFORMATION IS SCHEDULED TO RESUME..  Full Article

Marathon Petroleum Corp Reports Third Quarter 2018 Results
Thursday, 1 Nov 2018 06:33am EDT 

Nov 1 (Reuters) - Marathon Petroleum Corp ::REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $1.62.Q3 EARNINGS PER SHARE VIEW $1.70 -- THOMSON REUTERS I/B/E/S.QTRLY R&M SEGMENT INCOME FROM OPERATIONS WAS $666 MILLION, COMPARED WITH $1.1 BILLION.MPC HAS BEGUN PROCESS OF CONVERTING ANDEAVOR COMPANY-OWNED-AND-OPERATED STORES TO SPEEDWAY BRAND..QTRLY TOTAL REFINERY THROUGHPUTS 2,032 MBPD VERSUS 2,017 MBPD REPORTED LAST YEAR.QTRLY TOTAL REVENUES AND OTHER INCOME $23,132 MILLION VERSUS $19,386 MILLION."MARKET ENVIRONMENT APPEARS FAVORABLE".MARATHON PETROLEUM - Q3 EARNINGS INCLUDED PRE-TAX CHARGES OF $49 MILLION RELATED TO PENSION SETTLEMENT AND TRANSACTION COSTS, OR ABOUT $0.08/SHARE.Q3 REVENUE VIEW $22.44 BILLION -- THOMSON REUTERS I/B/E/S.IN OCTOBER, MPC BEGAN EVALUATING FINANCIAL BUSINESS PLANS OF ANDEAVOR LOGISTICS LP.MARATHON PETROLEUM-TO ENGAGE ADVISORS & BEGIN PROCESS OF ASSESSING OPTIONS FOR TWO MLPS, WHICH COULD INCLUDE MPLX ACQUIRING ANDX & ANDX ACQUIRING MPLX.MARATHON PETROLEUM - EVALUATING BUSINESS PLANS OF ANDEAVOR WITH INTENT TO MOVE TOWARD FINANCIAL POLICIES MORE CONSISTENT WITH APPROACH TOWARDS MPLX.MARATHON PETROLEUM - QTRLY DECREASE IN R&M SEGMENT RESULTS WAS PRIMARILY DRIVEN BY LOWER MIDWEST AND GULF COAST CRACK SPREADS.  Full Article

Marathon Petroleum Sets Quarterly Dividend Of $0.46 Per Share
Wednesday, 31 Oct 2018 12:41pm EDT 

Oct 31 (Reuters) - Marathon Petroleum Corp ::SETS QUARTERLY DIVIDEND OF $0.46 PER SHARE.  Full Article

Marathon Petroleum And Andeavor Announce Expiration Of HSR Act Waiting Period
Tuesday, 3 Jul 2018 08:00am EDT 

July 3 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. AND ANDEAVOR ANNOUNCE EXPIRATION OF HART-SCOTT-RODINO ACT WAITING PERIOD.MARATHON PETROLEUM - PARTIES RECEIVED NECESSARY REGULATORY CLEARANCE BY CANADIAN COMMISSIONER OF COMPETITION PURSUANT TO COMPETITION ACT.MARATHON PETROLEUM CORP - TRANSACTION IS STILL EXPECTED TO CLOSE IN SECOND HALF OF 2018.  Full Article

Marathon Petroleum Sets Dividend Of $0.46Per Share
Wednesday, 25 Apr 2018 09:17am EDT 

April 25 (Reuters) - Marathon Petroleum Corp ::SETS DIVIDEND OF $0.46PER SHARE.  Full Article

Marathon Petroleum - CEO Gary Heminger‍​'S 2017 Total Compensation $19.7 Million V/s $16.6 Million
Thursday, 15 Mar 2018 04:24pm EDT 

March 15 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP SAYS CHAIRMAN AND CHIEF EXECUTIVE OFFICER GARY HEMINGER‍​'S FY 2017 TOTAL COMPENSATION $19.7 MILLION VERSUS $16.6 MILLION - SEC FILING.  Full Article

Marathon Petroleum Corp Says Chairman And CEO Gary Heminger's FY 2017 Total Compensation Was $19.7 Mln Vs $16.6 Mln In FY 2016 - SEC Filing
Friday, 2 Mar 2018 04:48pm EST 

March 2 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP SAYS CHAIRMAN AND CEO GARY HEMINGER'S FY 2017 TOTAL COMPENSATION WAS $19.7 MILLION VERSUS $16.6 MILLION IN FY 2016 - SEC FILING.  Full Article

Marathon Petroleum Corp Announces Make-Whole Redemption Of Its Outstanding 2.700 PCT Senior Notes Due 2018
Monday, 5 Feb 2018 08:34am EST 

Feb 5 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. ANNOUNCES MAKE-WHOLE REDEMPTION OF ITS OUTSTANDING 2.700 PCT SENIOR NOTES DUE 2018.MARATHON PETROLEUM CORP - 2018 SENIOR NOTES WILL BE REDEEMED ON MARCH 15, 2018.MARATHON PETROLEUM - INTENDS TO ISSUE NOTICE OF REDEMPTION TO REDEEM $600 MILLION OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF 2.7 PCT NOTES DUE ON DEC 14.  Full Article

MPLX Reports Qtrly Net Income Attributable To Co Per Limited Partner Unit $0.31
Thursday, 1 Feb 2018 07:10am EST 

Feb 1 (Reuters) - MPLX Lp ::REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 FINANCIAL RESULTS.AFFIRMED 2018 DISTRIBUTION GROWTH GUIDANCE OF 10 PERCENT.MPLX - ‍ANNOUNCED 2018 CAPITAL INVESTMENT PLAN.QTRLY NET INCOME ATTRIBUTABLE TO CO PER LIMITED PARTNER UNIT $0.31.QTRLY ‍TOTAL REVENUES AND OTHER INCOME $1,085 MILLION VERSUS $848 MILLION​.Q4 EARNINGS PER SHARE VIEW $0.37, REVENUE VIEW $947.7 MILLION -- THOMSON REUTERS I/B/E/S.‍ PARTNERSHIP'S $1.9 BILLION OF AVAILABLE LIQUIDITY, ACCESS TO CAPITAL MARKETS SHOULD PROVIDE FLEXIBILITY TO MEET DAY-TO-DAY OPERATIONAL NEEDS​.‍ PROCESSED VOLUMES IN MARCELLUS AND UTICA OF 5.2 BILLION CUBIC FEET PER DAY IN Q4, A 17 PERCENT INCREASE​.‍ GATHERED VOLUMES IN MARCELLUS AND UTICA OF 2.7 BILLION CUBIC FEET PER DAY IN Q4, UP 50 PERCENT​.  Full Article

Marathon Petroleum CEO expects retail gasoline prices to average $2.25/gallon in 2019

NEW YORK Retail gasoline prices in the United States should average $2.25 a gallon in 2019, Marathon Petroleum CEO Gary Heminger said at an industry conference in New York on Thursday.