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Marathon Petroleum Corp (MPC.N)

MPC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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 Reports Q4 Earnings Per Share $4.09
Thursday, 1 Feb 2018 06:35am EST 

Feb 1 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $4.09.Q4 EARNINGS PER SHARE VIEW $1.06 -- THOMSON REUTERS I/B/E/S.INCREASED QUARTERLY DIVIDEND BY 15 PERCENT, TO $0.46 PER SHARE.2018 INVESTMENT PLAN, EXCLUDING MPLX, TOTALS ABOUT $1.6 BILLION.QTRLY TOTAL REVENUES AND OTHER INCOME OF $‍21,236​ MILLION VERSUS $17,284 MILLION.MARATHON PETROLEUM - 2018 CAPITAL INVESTMENT PLAN, WHICH INCLUDES APPROXIMATELY $2.2 BILLION OF ORGANIC GROWTH CAPITAL AND $190 MILLION OF MAINTENANCE CAPITAL.DUE TO TAX ACT, EARNINGS FOR FOURTH QUARTER AND FULL YEAR INCLUDE A TAX BENEFIT OF APPROXIMATELY $1.5 BILLION.QTRLY TOTAL REFINED PRODUCT SALES VOLUMES OF 2,024 MBPD VERSUS 1,810 MBPD LAST YEAR.2018 CAPITAL PLAN FOR REFINING AND MARKETING SEGMENT IS $950 MILLION.REFINING & MARKETING SEGMENT INCOME FROM OPERATIONS WAS $732 MILLION IN Q4 OF 2017 COMPARED WITH $166 MILLION IN Q4 OF 2016.Q4 REVENUE VIEW $20.99 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Marathon Petroleum Increases Dividend By 15 Pct To $0.46 Per Share
Monday, 29 Jan 2018 06:50am EST 

Jan 29 (Reuters) - Marathon Petroleum Corp ::INCREASES DIVIDEND BY 15 PERCENT TO $0.46 PER SHARE.  Full Article

Marathon Petroleum Says MPLX Lp Entered Into A Term Loan Providing For 364-Day $4.1 Bln Term Loan Facility​
Thursday, 4 Jan 2018 04:50pm EST 

Jan 4 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP SAYS ON JANUARY 2, MPLX LP ENTERED INTO A TERM LOAN PROVIDING FOR A 364-DAY $4.1 BILLION TERM LOAN FACILITY​ - SEC FILING.MARATHON PETROLEUM - ‍PROCEEDS FROM LOAN AGREEMENT BORROWING TO BE USED TO FUND CASH CONSIDERATION PAYABLE BY MPLX UNDER CONTRIBUTION AGREEMENT.  Full Article

REG-Marathon Petroleum And MPLX LP to Exchange MPC's General Partner Economic Interest
Friday, 15 Dec 2017 06:30am EST 

Dec 15 (Reuters) - Marathon Petroleum Corp ::REG-MARATHON PETROLEUM CORP. AND MPLX LP ANNOUNCE AGREEMENT TO EXCHANGE MPC'S GENERAL PARTNER ECONOMIC INTERESTS, INCLUDING IDRS, FOR MPLX COMMON UNITS.MARATHON PETROLEUM - TO EXCHANGE GP ECONOMIC INTERESTS IN MPLX FOR 275 MILLION NEWLY ISSUED MPLX UNITS VALUED AT ABOUT $10.1 BILLION.MARATHON PETROLEUM - EXCHANGE IS EXPECTED TO BE ACCRETIVE TO DISTRIBUTABLE CASH FLOW ATTRIBUTABLE TO COMMON UNITHOLDERS IN Q3 AND FOR FULL YEAR 2018.MARATHON PETROLEUM - UPON DEAL CLOSING, CO TO CONTINUE TO CONTROL MPLX THROUGH OWNERSHIP OF NON-ECONOMIC GP INTEREST IN MPLX.MARATHON PETROLEUM - UPON CLOSING, MPC TO CONTINUE TO CONTROL MPLX VIA OWNERSHIP OF NON-ECONOMIC GP INTEREST IN MPLX.MARATHON PETROLEUM - UPON CLOSING, MPC TO OWN APPROXIMATELY 64 PERCENT OF OUTSTANDING MPLX COMMON UNITS.MARATHON PETROLEUM​-TO WAIVE PORTION OF Q4 LP DISTRIBUTIONS ON NEW UNITS OVER WHAT WOULD HAVE BEEN DISTRIBUTABLE TO CO FOR GP INTERESTS ABSENT THE DEAL.  Full Article

U.S. sells 11 million barrels of oil from reserve to Exxon, five other firms

WASHINGTON Six companies, including ExxonMobil Corp, bought a total of 11 million barrels of oil from the U.S. Strategic Petroleum Reserve, a Department of Energy document showed on Friday, in a sale timed to take place ahead of U.S. sanctions on Iran that are expected to remove oil from the global market.