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 Corp (MPC) reported a fourth-quarter 2020 income of $192 million, or $0.29 per diluted share, including net pre-tax benefits of $851 million. An adjusted loss of $608 million, or ($0.94) per diluted share, was reported compared to a profit of $1 billion the previous year. The company plans to close its $21 billion sale of Speedway by Q1 2021, aiming to strengthen its balance sheet and return capital to shareholders. Capital expenditures for 2021 are projected at $1.4 billion, down $350 million from 2020, focusing on renewables and cost reductions.
Marathon Petroleum Corporation (NYSE: MPC) announced the appointment of Brian C. Davis as Executive Vice President and Chief Commercial Officer. In this significant role, Davis will oversee all commercial activities within MPC's integrated value chain, reporting directly to Michael J. Hennigan, President and CEO. With over 32 years of experience at Royal Dutch Shell, Davis brings substantial expertise in driving transformation and growth in the oil and gas sector, particularly in renewable and alternative energy strategies.
Marathon Petroleum Corp. (MPC) will hold its annual meeting of shareholders on April 28, 2021, at 10 a.m. EDT, via a virtual format accessible through this link. Shareholders of record as of March 2, 2021, can vote during the meeting. The company will provide additional details in its proxy statement on accessing the virtual meeting. Marathon Petroleum, headquartered in Findlay, Ohio, operates the largest refining system in the U.S. and has various energy and retail operations.
Marathon Petroleum Corp. (MPC) has declared a quarterly dividend of $0.58 per share on its common stock, set for payment on March 10, 2021. Shareholders on record by the close of business on February 17, 2021 will receive this dividend. Marathon Petroleum is a major player in the energy sector, operating the largest refining system in the U.S. and owning a significant retail presence through its Marathon brand and Speedway LLC.
Marathon Petroleum Corp. (MPC) has rescheduled its conference call with analysts to 11 a.m. EST on Feb. 2, 2021. During this call, executives will discuss the 2020 fourth-quarter and full-year financial results, set to be released earlier that day. Interested parties can access the call via MPC's website, where a replay will be available for two weeks post-event. Marathon Petroleum operates the largest refining system in the U.S. and has a significant presence in the retail convenience store sector through its subsidiary Speedway LLC.
Marathon Petroleum Corporation (NYSE: MPC) announced the appointment of Maryann T. Mannen as Executive Vice President and Chief Financial Officer, effective January 25, 2021. She succeeds retiring CFO Donald C. Templin. Mannen, previously CFO at TechnipFMC, brings extensive experience in financial leadership and capital management. Her appointment aims to enhance the company's financial position and support business transformation objectives, focusing on strict capital discipline and cost management. Marathon Petroleum operates the largest refining system in the U.S., with a significant marketing presence.
Summary not available.
Marathon Petroleum Corp. (NYSE: MPC) will hold a conference call on February 2, 2021, at 9:30 a.m. EST to discuss its 2020 fourth-quarter and full-year financial results, releasing them earlier that same day. Interested listeners can access the call via MPC’s website, where a replay will be available for two weeks. Marathon Petroleum operates the largest refining system in the U.S. and manages a robust marketing network, with brands including Marathon and Speedway LLC.
MPLX LP, a master limited partnership backed by Marathon Petroleum Corp., will host a conference call on February 2, 2021, at 11 a.m. EST to discuss its 2020 fourth-quarter and full-year financial results, which will be released that same day. The event will provide insights into company operations and will be accessible via MPLX's website, with a replay available for two weeks. MPLX operates midstream energy infrastructure, including pipelines, terminals, and processing facilities across key U.S. supply basins.
Marathon Petroleum Corporation (MPC) announced that Donald C. Templin, CFO and executive vice president, will retire in January 2021. Templin has been instrumental in MPC's growth since joining in 2011 and played a key role during the transition to the current CEO, Michael J. Hennigan. A search for a new CFO is ongoing. Templin has also served on the board of MPLX LP, MPC's master limited partnership. His retirement comes as the company operates the largest refining system in the U.S., with a marketing system including Marathon-branded retail locations.
FAQ
What is the current stock price of Marathon Pete (MPC)?
What is the market cap of Marathon Pete (MPC)?
