Welcome to our dedicated page for Marathon Pete news (Ticker: MPC), a resource for investors and traders seeking the latest updates and insights on Marathon Pete stock.
Marathon Petroleum Corporation (MPC) generates frequent news as an integrated downstream and midstream energy company with large-scale refining, marketing, and midstream operations. Headquartered in Findlay, Ohio, MPC reports that it operates the nation’s largest refining system and maintains a marketing network that includes Marathon brand retail outlets across the United States. The company’s ownership of the general partner and majority limited partner interest in MPLX LP adds another layer of news related to midstream infrastructure and logistics.
News coverage for MPC commonly includes quarterly and full-year financial results, where the company discusses net income, adjusted net income, adjusted EBITDA, segment performance, refining margins, throughput, and operating costs. These releases often highlight the performance of the Refining & Marketing, Midstream, and Renewable Diesel segments, as well as capital returned to shareholders through dividends and share repurchases.
Investors following MPC news will also see announcements about dividend decisions, such as increases to the quarterly dividend, and updates on distributions from MPLX to Marathon Petroleum. Leadership and governance developments, including changes in the chairman of the board or the appointment of a new executive vice president and chief financial officer, are disclosed through press releases and related SEC filings.
Another key category of MPC news involves strategic and operational updates. These may describe capital spending plans at specific refineries, midstream growth projects pursued through MPLX, and the status of pipelines, gas processing plants, fractionation facilities, and export infrastructure connected to MPC’s refining and marketing activities. For a consolidated view of these developments, this news page brings together company-issued releases and market updates related to Marathon Petroleum Corporation (MPC).
Marathon Petroleum (NYSE: MPC) reported strong 2025 results with Q4 net income $1.5B ($5.12/sh) and adjusted Q4 net income $1.2B ($4.07/sh). Full‑year 2025 net income was $4.0B ($13.22/sh) and adjusted EBITDA totaled $11.96B. Refining utilization averaged 94–95% with margin capture ~105%. Cash from operations was $8.3B, enabling $4.5B of capital returns in 2025. 2026 standalone capex outlook is $1.5B; MPLX capex outlook is $2.7B with multiple Permian–Gulf Coast pipeline and processing projects scheduled 2026–2029.
MPLX (NYSE: MPLX) reported full-year 2025 net income attributable to MPLX of $4.9 billion and adjusted EBITDA of $7.0 billion. Fourth-quarter net income was $1,193 million, distributable cash flow was $5.8 billion for the year, and adjusted free cash flow was $1.0 billion. MPLX returned $4.4 billion to unitholders in 2025 and announced a 2026 organic growth capital plan of $2.4 billion, with total 2026 capital spending of $2.7 billion, focused on natural gas and NGL value chains.
Marathon Petroleum (NYSE: MPC) will hold its 2026 annual meeting of shareholders on April 29, 2026 at 10:00 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of March 3, 2026 are entitled to notice and to vote.
The proxy statement will provide details on how shareholders may access, participate in the virtual meeting, and vote.
Marathon Petroleum (NYSE: MPC) announced a quarterly dividend of $1.00 per common share. The dividend is payable March 10, 2026 to shareholders of record at the close of business on February 18, 2026.
Marathon Petroleum (NYSE: MPC) will report 2025 fourth-quarter and full-year financial results and host a conference call on Tuesday, February 3, 2026 at 11:00 a.m. EST.
Investors can listen via a live webcast at www.marathonpetroleum.com. The company will post the earnings release and investor materials online prior to the call, and a replay of the webcast will be available on the website for two weeks.
Marathon Petroleum (NYSE: MPC) will report 2025 fourth-quarter and full-year financial results and host a conference call on Tuesday, February 3, 2026 at 11:00 a.m. EST.
Investors can listen via a live webcast at www.marathonpetroleum.com. The company will post the earnings release and investor materials online prior to the call, and a replay of the webcast will be available on the website for two weeks.
Marathon Petroleum (NYSE: MPC) named Maria A. Khoury as Executive Vice President and Chief Financial Officer, effective January 19, 2026. Khoury will succeed John J. Quaid, who will remain with the company for a period of transition.
Khoury joins from Danaher, where since 2021 she served as Vice President, Group CFO Biotechnology with finance oversight for Cytiva and Pall Life Sciences, including controllership, treasury, and tax. Her background includes financial leadership at GE Oil & Gas (2010–2017), GE Corporate/GE Capital (1999–2010), and earlier roles at Cargill. Khoury holds degrees from Universidad Catolica Andres Bello, London School of Economics (diploma), and an MBA from Thunderbird School of Global Management.
Marathon Petroleum (NYSE: MPC) named Maria A. Khoury as Executive Vice President and Chief Financial Officer, effective January 19, 2026. Khoury will succeed John J. Quaid, who will remain with the company for a period of transition.
Khoury joins from Danaher, where since 2021 she served as Vice President, Group CFO Biotechnology with finance oversight for Cytiva and Pall Life Sciences, including controllership, treasury, and tax. Her background includes financial leadership at GE Oil & Gas (2010–2017), GE Corporate/GE Capital (1999–2010), and earlier roles at Cargill. Khoury holds degrees from Universidad Catolica Andres Bello, London School of Economics (diploma), and an MBA from Thunderbird School of Global Management.
Marathon Petroleum (NYSE:MPC) announced that its board elected Maryann T. Mannen as chairman of the board, effective Jan. 1, 2026. Mannen will retain her current responsibilities as president and chief executive officer while serving as chairman.
She succeeds Michael J. Hennigan, who will retire as executive chairman and as a board member effective Jan. 1, 2026. John Surma will continue as independent lead director. The release summarizes Mannen’s internal progression: CEO since Aug. 2024, president since Jan. 2024, and EVP & CFO from Jan. 2021 to Jan. 2024.
Marathon Petroleum (NYSE: MPC) reported Q3 2025 net income of $1.4B ($4.51/diluted share) and adjusted net income $915M ($3.01/diluted share). Adjusted EBITDA was $3.2B, driven by Refining & Marketing and Midstream.
Key operational metrics: R&M adjusted EBITDA $1.76B and margin $17.60/barrel; Midstream adjusted EBITDA $1.71B. The company returned $926M of capital in Q3 (including $650M share repurchases) and announced a 10% quarterly dividend increase. MPLX raised its quarterly distribution 12.5%, leading to $2.8B of expected annual distributions to MPC.
Cash was $2.7B and available repurchase capacity was $5.4B; notable capital projects and pipeline FID timelines were disclosed.
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