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 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. (MPC) will hold a conference call on May 4, 2021, at 11 a.m. EDT to discuss its 2021 first-quarter financial results, which will be released that morning. The call will also provide updates on company operations. Interested listeners can access the conference call through the MPC website, where a replay will be available for two weeks. Prior financial information and earnings materials will be posted online ahead of the call.
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.
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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 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.