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Marathon Petroleum Corp (MPC.N)

MPC.N on New York Stock Exchange

59.81USD
18 Apr 2019
Change (% chg)

$-0.43 (-0.71%)
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Latest Key Developments (Source: Significant Developments)

Marathon Petroleum Corp. To Acquire A Terminal And Retail Locations In Buffalo, New York
Friday, 12 Apr 2019 08:00am EDT 

April 12 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. TO ACQUIRE A TERMINAL AND RETAIL LOCATIONS IN BUFFALO, NEW YORK.MARATHON PETROLEUM CORP - TO BUY A 900,000-BARREL CAPACITY LIGHT PRODUCT AND ASPHALT TERMINAL AND 33 NOCO EXPRESS RETAIL STORES IN BUFFALO.  Full Article

Marathon Petroleum CEO's 2018 Total Compensation Was $19.8 Mln - SEC Filing
Thursday, 14 Mar 2019 12:52pm EDT 

March 14 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM SAYS CEO GARY HEMINGER'S FY 2018 TOTAL COMPENSATION WAS $19.8 MILLION VERSUS $19.7 MILLION IN FY 2017 - SEC FILING.MARATHON PETROLEUM CORP - TIMOTHY GRIFFITH, SENIOR VP AND CFO'S 2018 TOTAL COMPENSATION WAS $4.5 MILLION VERSUS $4.4 MILLION IN 2017.MARATHON PETROLEUM CORP - PRESIDENT OF REFINING, MARKETING AND SUPPLY DONALD TEMPLIN'S 2018 TOTAL COMPENSATION WAS $6.4 MILLION VERSUS $5.9 MILLION IN 2017.  Full Article

Marathon Petroleum Expects Crude Oil Throughput Of 2.8 Mln Bpd In Q1- Conf Call
Thursday, 7 Feb 2019 10:08am EST 

Feb 7 (Reuters) - Marathon Petroleum Corp ::EXPECTS CRUDE OIL THROUGHPUT OF 2.8 MILLION BARRELS IN Q1 -CONF CALL."STEPPED AWAY FROM VENEZUELA BARRELS QUITE A WHILE AGO" - EXEC ON CONF CALL.SAYS RUNNING REFINERIES AT 50 PERCENT HEAVY CRUDE AND 50 PERCENT SWEET CRUDE - EXEC ON CONF CALL.SAYS NOT EXPOSED TO VENEZUELA ONE BIT, SEES REPLACEMENT BARRELS BEING ARABIAN GULF BARRELS AND LATIN AMERICAN BARRELS - CONF CALL.  Full Article

Andeavor Logistics LP Reports Fourth-Quarter And Full-Year 2018 Results
Thursday, 7 Feb 2019 07:03am EST 

Feb 7 (Reuters) - Andeavor Logistics LP ::ANDEAVOR LOGISTICS LP REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 RESULTS.ANDEAVOR LOGISTICS LP QTRLY TOTAL REVENUES $623 MILLION VERSUS $1,114 MILLION.ANDEAVOR LOGISTICS LP - QTRLY NET EARNINGS PER LIMITED PARTNER UNIT $0.66.ANDEAVOR LOGISTICS LP - QTRLY CASH DISTRIBUTIONS PAID PER UNIT $ 1.0300.ANDEAVOR LOGISTICS LP - PLANS TO INVEST ABOUT $0.6 BILLION IN ORGANIC GROWTH IN BOTH 2019 AND 2020.ANDEAVOR LOGISTICS LP - REITERATED ITS PLAN TO MAINTAIN LEVERAGE LEVELS BELOW 4.0X, ISSUE NO EQUITY.ANDEAVOR LOGISTICS LP- EXPECTED TO GENERATE $0.8 BILLION AND $0.8 BILLION OF NET EARNINGS IN 2019 AND 2020, AND $1.4 BILLION AND $1.6 BILLION OF ANNUAL EBITDA, RESPECTIVELY.ANDEAVOR LOGISTICS LP - PLANS TO INVEST APPROXIMATELY $0.6 BILLION IN ORGANIC GROWTH IN BOTH 2019 AND 2020.  Full Article

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

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U.S. Renewable Fuel Standard is not working: Marathon CEO

HOUSTON The U.S. Renewable Fuel Standard (RFS) laws are not working and there is an "opportunity for a reset" of the standard in Washington, Marathon Petroleum Corp Chief Executive Gary Heminger said on Tuesday.