Marathon Petroleum Corporation reports news as an integrated downstream and midstream energy company with the nation's largest refining system, a U.S. marketing network that includes Marathon-branded retail outlets, and a majority ownership interest in MPLX LP.
Recurring updates cover Refining & Marketing results, Midstream performance, Renewable Diesel operations, refinery turnarounds and capital projects such as jet fuel and FCC upgrades. Company announcements also address quarterly dividends, share repurchase authorizations, capital returns, annual meeting timing, and MPLX gathering, processing, fractionation, transportation and logistics activity.
Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on November 1, 2022, at 11 a.m. ET to discuss its 2022 third-quarter financial results. Interested parties can access the call via the company's website, where a webcast replay will be available for two weeks. Financial information, including the earnings release and related materials, will be shared online ahead of the call. MPC is a major player in the downstream energy sector, operating the largest refining system in the U.S.
Marathon Petroleum Corp. (NYSE: MPC) reported a net income of $5.9 billion, or $10.95 per diluted share, for Q2 2022, a decrease from $8.5 billion in Q2 2021. Adjusted net income rose to $5.7 billion, compared to $437 million a year earlier. Adjusted EBITDA reached $9.1 billion, up from $2.2 billion in Q2 2021. The refining segment saw significant improvements with adjusted EBITDA of $7.8 billion, driven by stronger margins and throughput, while corporate expenses slightly decreased. The company continues its capital return program, having completed $12 billion of a planned $15 billion buyback.
Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.58 per share on common stock, payable on Sept. 12, 2022, to shareholders of record as of Aug. 17, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Marathon Petroleum is an integrated energy company operating the largest refining system in the U.S., with a strong presence through its branded retail outlets and significant midstream operations.
On July 12, 2022, Marathon Petroleum Corp. (MPC) expressed profound sorrow over the passing of long-serving board member Steve Davis. Chairman John Surma emphasized Davis's vibrant contribution and friendship, noting the significant loss to the organization. Davis had been a board member for nine years, bringing invaluable insights to the company's operations. Marathon Petroleum remains a key player in the energy sector, operating the largest refining system in the U.S. and owning a significant interest in MPLX LP, enhancing its market presence.
Marathon Petroleum Corp. (NYSE: MPC) will hold a conference call on August 2, 2022, at 11 a.m. EDT to discuss its second-quarter financial results for 2022. Interested stakeholders can listen live via MPC's website. A replay will be available for two weeks following the call. Financial documents, including the earnings release, will be accessible before the call. MPC is a major integrated downstream energy company, operating the largest refining system in the U.S. More details can be found at www.marathonpetroleum.com.
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Marathon Petroleum Corp. (MPC) reported a net income of $845 million, or $1.49 per diluted share, for Q1 2022, recovering from a net loss of $242 million in Q1 2021. Adjusted EBITDA reached $2.6 billion, with Refining and Marketing contributing $1.4 billion. Operating activities generated $2.5 billion in cash, aided by $0.6 billion in favorable working capital changes. MPC also announced a 15% reduction target for Scope 3 greenhouse gas emissions by 2030. Approximately $8 billion in shares have been repurchased to date, part of a $10 billion return of capital program.
Marathon Petroleum Corp. (NYSE: MPC) has declared a $0.58 per share dividend on common stock, payable on June 10, 2022. Shareholders on record as of May 18, 2022 will receive this dividend. Headquartered in Findlay, Ohio, Marathon is a leading downstream energy company with the largest refining system in the U.S. The company's marketing includes branded locations and a significant partnership in MPLX LP, which operates midstream assets.
Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on May 3, 2022, at 11 a.m. ET to discuss its 2022 first-quarter financial results. The call will be accessible via the company's website, and a replay will be available for two weeks post-event. Marathon Petroleum is a leading downstream energy company, operating the largest refining system in the U.S. It also holds a majority stake in MPLX LP, which offers midstream services. For more details, visit Marathon Petroleum's website.
Marathon Petroleum Corp. (NYSE: MPC) announced a 50/50 joint venture with Neste for its Martinez renewable fuels project, with Neste contributing $1 billion towards project development. MPC will manage the project, targeting a production capacity of 260 million gallons per year of renewable diesel by late 2022, increasing to 730 million gallons by the end of 2023. The partnership aims to provide low carbon intensity fuels in line with California's climate goals, leveraging both companies' expertise in renewable energy and operations.