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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%)
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Latest Key Developments (Source: Significant Developments)

Marathon Petroleum Corp Sees Q4 Total Crude Throughput 2,775 Mbpd
Tuesday, 4 Dec 2018 08:03am EST 

Dec 4 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP SEES Q4 TOTAL CRUDE THROUGHPUT 2,775 MBPD.MARATHON PETROLEUM - RELATING TO ANDEAVOR DEAL, INCREASING SYNERGY ESTIMATES TO $1,400 MILLION FROM $1,000 MILLION.MARATHON PETROLEUM CORP SEES 2019 NET INCOME OF $2.2 BILLION, 2020 NET INCOME OF $2.5 BILLION FOR MPLX.MARATHON PETROLEUM CORP SEES 2019 NET EARNINGS OF $0.8 BILLION, 2020 NET EARNINGS OF $0.8 BILLION FOR ANDX.MARATHON PETROLEUM - NET WORLDWIDE REFINING CAPACITY GROWTH APPEARS RELATIVELY BALANCED WITH NEW CAPACITY IN ASIA , MIDDLE EAST.MARATHON PETROLEUM - RISE IN OIL PRICES THIS YEAR SLOWED GLOBAL GASOLINE DEMAND GROWTH; EXPECT THIS TO NORMALIZE IN LATER PART OF 2019.  Full Article

Sempra Energy Subsidiary Ienova Signs Long-Term Contract For Refined Fuels Terminal In Sinaloa, Mexico
Tuesday, 23 Oct 2018 05:00pm EDT 

Oct 23 (Reuters) - Sempra Energy ::SEMPRA ENERGY SUBSIDIARY IENOVA SIGNS LONG-TERM CONTRACT FOR REFINED FUELS TERMINAL IN SINALOA, MEXICO.SEMPRA ENERGY - MEXICAN SUBSIDIARY, INFRAESTRUCTURA ENERGÉTICA NOVA, S.A.B. DE C.V. SIGNED CONTRACT WITH UNIT OF MARATHON PETROLEUM CORPORATION.SEMPRA ENERGY - COMMERCIAL OPERATIONS OF ABOUT $150-MILLION MARINE TERMINAL ARE EXPECTED TO COMMENCE IN LATE 2020.SEMPRA ENERGY - LONG-TERM CONTRACT FOR ABOUT 50 PERCENT OF 1-MILLION-BARREL INITIAL CAPACITY OF TOPOLOBAMPO REFINED FUELS MARINE TERMINAL IN SINALOA, MEXICO.SEMPRA ENERGY - UNDER AGREEMENT, MPC'S UNIT WILL HAVE STORAGE CAPACITY OF 500,000 BARRELS OF REFINED FUELS.  Full Article

Marathon Petroleum - Entered Second Amendment To Agreement & Plan Of Merger By & Among Andeavor And Others - SEC Filing
Tuesday, 18 Sep 2018 05:22pm EDT 

Sept 18 (Reuters) - Andeavor ::MARATHON PETROLEUM - ENTERED SECOND AMENDMENT TO AGREEMENT & PLAN OF MERGER BY & AMONG ANDEAVOR AND OTHERS - SEC FILING.  Full Article

Third Point LLC Ups Share Stake In Marathon Petroleum and Adobe Systems
Friday, 10 Aug 2018 04:42pm EDT 

Aug 10 (Reuters) - Third Point LLC::THIRD POINT LLC UPS SHARE STAKE IN MARATHON PETROLEUM CORP BY 55.0 PERCENT TO 3.1 MILLION SHARES - SEC FILING.THIRD POINT LLC UPS SHARE STAKE IN ADOBE SYSTEMS INC TO 700,000 SHARES FROM 400,000 SHARES.THIRD POINT LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2018.  Full Article

Marathon Petroleum Announces Additional Executives Leading Combined Co
Friday, 10 Aug 2018 02:00pm EDT 

Aug 10 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. ANNOUNCES ADDITIONAL EXECUTIVES LEADING COMBINED COMPANY AFTER CLOSING ANDEAVOR TRANSACTION.MARATHON PETROLEUM CORP - RAYMOND BROOKS WILL BE EXECUTIVE VICE PRESIDENT OF REFINING.  Full Article

Marathon, Andeavor Don't Expect Divestitures For Deal Approval - Conf Call
Monday, 30 Apr 2018 09:49am EDT 

April 30 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP PLANS TO LEVERAGE SPEEDWAY'S RETAIL PRESENCE ACROSS THE COUNTRY TO HELP PROFITABILITY - CONF CALL.MARATHON PETROLEUM - EXPANDED PERMIAN PRESENCE PROVIDES FOR FUTURE GROWTH OPPORTUNITIES - CONF CALL.MARATHON PETROLEUM - COMBINED COMPANY WELL POSITIONED FOR CRUDE PRICE DIFFERENTIALS, SULPHUR REGULATIONS - CONF CALL. MARATHON PETROLEUM CEO - "WE WON'T BE STOPPING ANYTHING THAT WE ACCOMPLISHED" DUE TO MERGER- CONF CALL.MARATHON PETROLEUM - MLPS WON'T COME TOGETHER FOR SOME TIME, THAT'S A DAY 2 ISSUE - CONF CALL.ANDEAVOR <<>> CEO SAYS PROCESS FOR DEAL APPROVAL SHOULDN'T BE UNUSUAL- CONF CALL.ANDEAVOR CEO - WE DO NOT SEE ANYTHING TODAY THAT DOESN'T FIT IN THE COMPANY - CONF CALL.ANDEAVOR CEO - WILL HELP THE COMPANY MOVE FORWARD IN TECHNOLOGY- CONF CALL.MARATHON PETROLEUM - LOOKING AT OTHER OPPORTUNITIES TO TRANSFER CRUDE INTO THE GALVESTONE AREA - CONF CALL.ANDEAVOR - ANDEAVOR'S RETAIL BUSINESS GETS STRENGTH FROM SPEEDWAY BUSINESS - CONF CALL.  Full Article

Marathon Petroleum Says If Deal Is Terminated Andeavor Pay Co A Termination Fee Of $600 Mln In Cash
Monday, 30 Apr 2018 06:36am EDT 

April 30 (Reuters) - Andeavor ::MARATHON PETROLEUM SAYS IF DEAL IS TERMINATED UNDER CERTAIN CONDITIONS, ANDEAVOR WILL BE OBLIGATED TO PAY CO A TERMINATION FEE OF $600 MILLION IN CASH.MARATHON PETROLEUM SAYS IF DEAL TERMINATED UNDER CERTAIN CONDITIONS, CO TO PAY ANDEAVOR A REVERSE TERMINATION FEE OF $800 MILLION IN CASH .  Full Article

MPLX Qtrly Distribution Increase To $0.6175 Per Common Unit, 14 Pct Increase Over Q1 Of 2017
Monday, 30 Apr 2018 06:35am EDT 

April 30 (Reuters) - MPLX LP ::REPORTS RECORD FIRST-QUARTER 2018 FINANCIAL RESULTS.QUARTERLY DISTRIBUTION INCREASE TO $0.6175 PER COMMON UNIT, A 14 PERCENT INCREASE OVER Q1 OF 2017.AFFIRMED 2018 DISTRIBUTION GROWTH GUIDANCE OF 10 PERCENT AND EXECUTION OF SELF-FUNDING PLAN.QTRLY TOTAL REVENUES AND OTHER INCOME $1,420 MILLION VERSUS $886 MILLION.Q1 REVENUE VIEW $1.11 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY NET INCOME ATTRIBUTABLE TO MPLX LP PER LIMITED PARTNER UNIT $ 0.61.  Full Article

Marathon Petroleum Corp Reports Q1 Earnings Per Share $0.08
Monday, 30 Apr 2018 06:30am EDT 

April 30 (Reuters) - Marathon Petroleum Corp ::Marathon Petroleum Corp. REPORTS FIRST-QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.08.Q1 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES AND OTHER INCOME $18,984 MILLION VERSUS $16,393 MILLION.  Full Article

Marathon Petroleum To Buy Andeavor For More Than $20 Bln - WSJ
Sunday, 29 Apr 2018 10:22pm EDT 

April 29 (Reuters) - :MARATHON PETROLEUM TO BUY ANDEAVOR FOR MORE THAN $20 BILLION - WSJ, CITING SOURCES.MARATHON PETROLEUM-ANDEAVOR DEAL VALUES ANDEAVOR AT ABOUT $150 A SHARE IN STOCK AND CASH - WSJ.  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.