{"filings":[{"id":93295,"accession_number":"0001510295-26-000039","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MPC Q1 net income $511M ($1.73/sh) vs loss year ago; Board adds $5B buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $511M ($1.73/diluted EPS) vs net loss $(74M) ($(0.24)/sh) in Q1 2025; adjusted net income $487M ($1.65/sh).","Adjusted EBITDA $2.8B vs $2.0B; R&M segment EBITDA $1.4B ($5.37/barrel) vs $489M; crude throughput 2.9M bpd at 89% utilization.","Returned over $1.0B to shareholders; Board approved incremental $5B share repurchase authorization; $8.6B total available.","MPLX Permian growth strategy expected to support 12.5% annual distribution growth to MPC in 2026-27.","Capital projects progressing: Garyville jet online, El Paso FCC upgrade target 2Q26, Robinson jet target 3Q26."],"consensus_eps_estimate":null,"consensus_eps_actual":1.73,"consensus_revenue_estimate":null,"consensus_revenue_actual":34200000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93294,"accession_number":"0001510295-26-000033","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2026-05-01T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Marathon Petroleum shareholders reelect directors, reject board declassification and supermajority removal","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Maryann T. Mannen, Eileen P. Paterson, J. Michael Stice, John P. Surma elected board directors with >90% of votes cast.","Ratification of PricewaterhouseCoopers as independent auditor for 2026 passed with 254.4M votes for.","Advisory say-on-pay on named executive officer compensation approved with 202.1M votes for.","Board declassification amendment failed; received 206.1M votes for but required 80% of 294.5M outstanding shares.","Supermajority elimination amendment also failed, receiving 205.8M votes for, short of 80% threshold."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.35,"calibrated_materiality_score":0.15,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93293,"accession_number":"0001510295-26-000029","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2026-04-13T23:59:59+00:00","items":["1.01","1.02","2.02","2.03","9.01"],"status":"ready","headline":"Marathon Petroleum enters $5B revolver; MPLX $2.5B; no borrowings outstanding","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["MPC signed a $5.0B five-year unsecured revolver maturing April 2031, replacing the 2022 facility; no borrowings outstanding.","MPLX signed a $2.5B five-year unsecured revolver maturing April 2031, up from the prior $2.0B facility; no borrowings outstanding.","Preliminary cash as of Mar 31: MPC had $2.2B total ($1.5B at MPLX); MPLX standalone cash $1.5B.","MPC can upsize commitments by $1B and MPLX by $1B; both facilities include subfacilities for swing-line loans and letters of credit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104792,"accession_number":"0001510295-26-000003","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2026-02-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Marathon Petroleum Q4 net income $1.5B ($5.12 EPS) vs $371M YoY; adjusted EBITDA $3.5B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 net income $1.5B ($5.12 diluted EPS) vs $371M ($1.15) in Q4 2024.","Full-year 2025 cash from operations $8.3B; returned $4.5B capital to shareholders.","Refining & Marketing adjusted EBITDA $1.997B in Q4 2025 vs $559M; margin $18.65/bbl.","2026 capex: MPC standalone $1.5B, MPLX $2.7B; new projects at Garyville, El Paso, Secretariat II.","Q1 2026 outlook: throughput 2.74M bpd, turnaround costs $465M, corporate expense $240M."],"consensus_eps_estimate":null,"consensus_eps_actual":13.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":132699000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121075,"accession_number":"0001510295-25-000070","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Marathon Petroleum appoints Maria Khoury as CFO effective Jan 19, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Maria Khoury appointed EVP & CFO effective Jan 19, 2026, succeeding John Quaid.","Annual base salary $800k, target bonus 100% of base, LTI target $2.4M.","One-time RSU grant of $275k to compensate for forfeited equity at prior employer.","Khoury previously VP & Group CFO Biotechnology at Danaher; earlier roles at GE Oil & Gas.","John Quaid to remain in non-executive transition role after effective date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121074,"accession_number":"0001510295-25-000065","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"MPC CEO Maryann Mannen elected Chairman; Michael Hennigan retires as Executive Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Maryann T. Mannen (president and CEO) elected Chairman of the Board effective Jan 1, 2026, retaining CEO role.","Michael J. Hennigan retires as Executive Chairman and from the Board, effective Jan 1, 2026.","John Surma continues as independent lead director; Board size reduces to 11 directors.","Hennigan served as CEO from March 2020 to August 2024, then Executive Chairman."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121073,"accession_number":"0001510295-25-000059","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MPC Q3 net income $1.4B, EPS $4.51; adjusted EBITDA $3.2B; dividend up 10%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.4B ($4.51 diluted EPS) vs $622M ($1.87) YoY; adjusted net income $915M ($3.01).","Adjusted EBITDA $3.2B vs $2.5B; Refining & Marketing segment contributed $1.8B, Midstream $1.7B.","Board approved 10% quarterly dividend increase; returned $926M to shareholders including $650M share repurchases.","MPLX 12.5% distribution increase expected to generate $2.8B annualized distributions to MPC.","Q4 guidance: refinery throughput ~2.9 mbpd, turnaround costs $420M, operating costs $5.80/bbl."],"consensus_eps_estimate":null,"consensus_eps_actual":8.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":100125000000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137696,"accession_number":"0001510295-25-000052","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MPC Q2 net income $1.2B ($3.96 EPS); adj. EBITDA $3.3B; MPLX to acquire Northwind for $2.375B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.2B ($3.96 diluted EPS) vs $1.5B ($4.33) YoY; adjusted EBITDA $3.3B vs $3.4B.","Refining & Marketing adj. EBITDA $1.89B ($6.79/bbl); utilization 97%, throughput 3.1M bpd.","MPLX to acquire Northwind Midstream for $2.375B; MPC sold ethanol JV interest for $425M.","Returned $1.0B to shareholders via $692M share repurchases and dividends.","Q3 outlook: crude throughput 2.73M bpd, turnaround costs $400M, operating cost $5.70/bbl."],"consensus_eps_estimate":null,"consensus_eps_actual":3.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":65316000000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155080,"accession_number":"0001510295-25-000038","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Marathon Petroleum posts Q1 net loss of $74M on planned maintenance; adjusted EBITDA falls 40% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $(74)M ($(0.24)/diluted share) vs net income $937M ($2.58) in Q1 2024.","Adjusted EBITDA $2.0B vs $3.3B YoY; impacted by $454M planned turnaround costs.","R&M segment EBITDA fell to $489M ($1.91/bbl) from $1,986M ($8.22/bbl) on lower crack spreads.","Midstream segment EBITDA up 8% to $1.72B; MPLX agreed to acquire BANGL for $715M.","Returned $1.3B to shareholders ($1.1B buybacks); $6.7B remaining under repurchase authorization."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":31517000000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155079,"accession_number":"0001510295-25-000035","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-05-02T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Marathon Petroleum 2025 annual meeting; declassification and supermajority repeal fail","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All four Class II directors elected with >197M votes each; 52.9M broker non-votes.","Auditor ratification and advisory say-on-pay approved (262M for, 3.1M against; 198M for, 14M against).","Board declassification amendment failed; 210.4M for (67.5% of outstanding) but required 80%.","Supermajority elimination amendment also failed; 210.1M for vs needed 80%.","Shareholder proposal for simple majority vote defeated: 102.8M for, 109.0M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.15,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155078,"accession_number":"0001510295-25-000032","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Marathon Petroleum EVP Refining Timothy Aydt to retire; Mike Henschen named successor","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Timothy J. Aydt, EVP Refining, to retire effective September 2, 2025 after over 40 years of service.","Mike Henschen appointed as EVP Refining, effective June 1, 2025.","Aydt will remain with Marathon Petroleum in a non-executive role from June 1 until his retirement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173595,"accession_number":"0001193125-25-023281","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-02-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Marathon Petroleum files underwriting agreement for debt offering; no terms disclosed","summary_kind":"llm","event_type":"debt","confidence":"low","bullets":["Filed under Item 8.01: Underwriting Agreement, Tenth Supplemental Indenture, and legal opinion.","No principal amount, interest rate, or maturity date provided in the filing.","Debt issuance will be made under existing S-3 shelf registration statement.","Lead underwriters: Wells Fargo, Citigroup, and MUFG Securities Americas."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173594,"accession_number":"0001510295-25-000005","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-02-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MPC Q4 net income $371M, down 75% YoY; full-year adj. EPS $9.51","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $371M ($1.15 diluted EPS) vs $1.5B ($3.84) YoY; adjusted net income $249M ($0.77).","Full-year net income $3.4B ($10.08 diluted) vs $9.7B ($23.63) in 2023; adjusted $3.3B ($9.51).","Refining & Marketing segment adj. EBITDA $559M vs $2.2B YoY, driven by lower market crack spreads.","Returned $10.2B to shareholders in 2024 via buybacks and dividends; $7.8B remaining authorization.","2025 standalone capex outlook $1.25B; MPLX capex $2.0B; new Gulf Coast fractionation complex announced."],"consensus_eps_estimate":null,"consensus_eps_actual":10.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":138864000000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173593,"accession_number":"0001510295-25-000002","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2025-01-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Marathon Petroleum director Susan Tomasky to retire at 2025 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Susan Tomasky notified the Board of her retirement effective after the April 30, 2025 annual meeting.","Her decision was not due to any disagreement with the Company, management, or Board.","She will continue serving until the conclusion of the 2025 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190575,"accession_number":"0001510295-24-000078","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Marathon Petroleum Q3 net income $622M ($1.87/diluted), down 81% YoY; dividend raised 10%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $622M vs $3.3B YoY; adjusted EBITDA $2.5B vs $5.7B; refining margins fell to $14.35/bbl from $26.16/bbl.","Returned $3.0B to shareholders in Q3: $2.7B buybacks + $273M dividends; board approved additional $5B buyback authorization.","Quarterly dividend increased 10% to $0.91/share, payable Dec 10 to holders of record Nov 20; MPC expects $2.5B annual MPLX distributions.","Midstream segment adjusted EBITDA $1.6B (+6% YoY) driven by Permian/Marcellus growth; MPLX capacity expansions on track.","Q4 outlook: crude throughput ~2.65M bpd, refining costs $5.50/bbl, turnaround costs $285M; FY capex includes high-return refinery projects."],"consensus_eps_estimate":null,"consensus_eps_actual":8.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":105727000000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190574,"accession_number":"0001510295-24-000073","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Marathon Petroleum elects Jeffrey C. Campbell to board; expands board to 15","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board size increased to 15; Campbell's election effective Nov 11, 2024.","Campbell will serve on Audit Committee and Compensation and Organization Development Committee.","Non-employee director annual equity retainer raised to $185,000.","Campbell will receive same compensation as other non-employee directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":207071,"accession_number":"0001510295-24-000065","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Marathon Petroleum Q2 net income $1.5B, down from $2.2B YoY; adjusted EBITDA $3.4B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.5B ($4.33 diluted EPS); adjusted net income $1.4B ($4.12 EPS).","Adjusted EBITDA $3.4B vs $4.5B in Q2 2023; R&M segment fell to $2.0B from $3.2B.","Midstream segment adjusted EBITDA $1.6B, up 6% YoY on higher rates, volumes, and acquisitions.","Returned $3.2B to shareholders ($2.9B share repurchases, $290M dividends); $5.8B remaining under buyback authorizations.","Q3 2024 outlook: total throughput 2,845 mbpd, refining op cost $5.35/bbl, turnaround costs $330M."],"consensus_eps_estimate":null,"consensus_eps_actual":6.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":70620000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":207070,"accession_number":"0001510295-24-000069","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K/A","filed_at":"2024-08-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Marathon Petroleum sets CEO Mannen salary at $1.4M, LTI $12M annualized","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Maryann T. Mannen's base salary raised to $1,400,000; target bonus set at 165% of salary.","Annualized LTI target for Mannen is $12,000,000; received $2,917,000 one-time award for 2024.","Michael J. Hennigan's base salary reduced to $1,050,000 as Executive Chairman; 2024 LTI unchanged.","Hennigan's 2025 LTI target reduced to $8,880,000; changes effective August 1, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224390,"accession_number":"0001510295-24-000052","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-05-13T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Marathon Petroleum appoints Maryann Mannen as CEO, effective Aug 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Maryann Mannen, current President, becomes CEO and joins the Board on August 1, 2024, succeeding Michael Hennigan.","Michael Hennigan transitions from CEO to Executive Chairman; Board waives mandatory retirement policy for him.","John Surma elected Lead Director; Board expands to 14 members with Mannen's election to the Board.","Mannen's 2024 target LTI award is $5,000,000 with base salary $1,050,000; Hennigan's target LTI was $14,800,000."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224389,"accession_number":"0001510295-24-000045","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Marathon Petroleum Q1 net income $937M ($2.58 EPS), down 65% YoY; adds $5B buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $937M ($2.58 diluted EPS) vs $2.7B ($6.09) in Q1 2023; adjusted EBITDA $3.3B vs $5.2B.","Returned $2.5B to shareholders: $2.2B buybacks + $299M dividends; Board approved additional $5B repurchase authorization (total ~$8.8B available).","R&M segment adj EBITDA $1.9B ($7.73/bbl), down from $3.9B ($15.09/bbl) as planned turnarounds cut utilization to 82%.","Midstream segment adj EBITDA $1.6B, up from $1.5B; MPLX acquired Utica midstream assets for $625M and advanced Permian/Marcellus plants.","Q2 2024 outlook: R&M throughput ~2.97M bpd, turnaround costs $200M, operating costs $4.95/bbl, corporate expense $200M."],"consensus_eps_estimate":null,"consensus_eps_actual":2.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":32706000000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224388,"accession_number":"0001510295-24-000041","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-04-26T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"MPC shareholders approve officer exculpation, reject board declassification and supermajority removal","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved amendment to Restated Certificate of Incorporation to limit officer liability for breaches of fiduciary duty of care under DGCL.","Proposals to declassify the Board of Directors and eliminate supermajority provisions failed, each requiring 80% affirmative vote but receiving less than 80%.","Class I directors (Alkhayyal, Cohen, Hennigan, Semple) elected; say-on-pay approved on advisory basis with future votes every one year.","Ratification of PricewaterhouseCoopers as independent auditor for 2024 passed with overwhelming support.","Shareholder proposal for simple majority vote on all matters was not approved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243706,"accession_number":"0001510295-24-000008","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-01-31T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"MPC expands board to 13, elects Drake and Ellison-Taylor as directors effective March 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased from 12 to 13 members, effective March 1, 2024.","Eileen P. Drake appointed to Compensation and Organization Development Committee and Sustainability and Public Policy Committee.","Kimberly N. Ellison-Taylor appointed to Audit Committee and Corporate Governance and Nominating Committee.","New directors will receive standard non-employee director compensation as previously disclosed.","No departures reported; both elections are effective March 1, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243705,"accession_number":"0001510295-24-000005","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-01-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MPC Q4 net income falls to $1.5B from $3.3B YoY; full-year net cash ops $14.1B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $1.5B ($3.84 diluted EPS) vs $3.3B ($7.09) in Q4 2022; adjusted EPS $3.98.","Full-year 2023 net income $9.7B ($23.63 diluted EPS) vs $14.5B ($28.12) in 2022.","Net cash from operations $14.1B; returned $12.8B to shareholders via buybacks and dividends.","R&M segment adjusted EBITDA $2.2B in Q4 vs $4.6B YoY, driven by lower crack spreads.","2024 MPC standalone capex outlook $1.25B; MPLX capex $1.1B."],"consensus_eps_estimate":null,"consensus_eps_actual":23.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":148379000000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243704,"accession_number":"0001510295-24-000002","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2024-01-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Marathon Petroleum appoints Erin Brzezinski as VP and Controller, principal accounting officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Effective Jan 8, 2024, Erin M. Brzezinski appointed VP & Controller, succeeding C. Kristopher Hagedorn.","Hagedorn moved to MPLX GP LLC as EVP and CFO of MPLX LP, effective Jan 1, 2024.","Brzezinski previously served as Assistant Controller, Technical Accounting since Aug 2021; prior: PwC and MPLX.","She will receive base salary, participate in annual cash bonus and long-term incentive programs.","No family relationships or arrangements with other persons in connection with appointment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":261103,"accession_number":"0001510295-23-000080","cik":1510295,"company_name":"Marathon Petroleum Corp","ticker":"MPC","form_type":"8-K","filed_at":"2023-12-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Marathon Petroleum names Maryann Mannen President, John Quaid CFO effective Jan 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Maryann T. Mannen promoted from EVP/CFO to President of MPC, effective Jan 1, 2024.","Current CEO Michael J. Hennigan ceases as President but remains CEO and chairman of MPLX GP.","John J. Quaid appointed EVP and CFO of MPC, succeeding Mannen, effective Jan 1, 2024.","Mannen's annual base salary set at $1,000,000; Quaid's at $635,000, with bonus and LTI targets.","C. Kristopher Hagedorn becomes EVP/CFO of MPLX, continues as MPC Sr. VP/Controller temporarily."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":73804496547.10965,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}