MPC Q2 2022 net income $5.9B ($10.95/diluted); adjusted EBITDA $9.1B; new $5B buyback authorization

Marathon Petroleum Corp

2022-Q2 EPS reported $12.15 revenue$91,853,000,000

Adjusted net income $5.7B ($10.61/diluted) vs $437M ($0.67) in Q2 2021; revenue not explicitly provided.
Refining & Marketing segment adjusted EBITDA $7.8B (vs $751M) on margin $37.54/bbl and 100% capacity utilization.
Midstream segment adjusted EBITDA $1.5B (vs $1.3B); corporate expenses $170M.
Board approved incremental $5B share repurchase authorization; $12.1B of prior $15B program completed as of July 31.
Martinez renewable fuels project: first phase mechanical completion target year-end 2022; 730M gal/yr capacity by end of 2023.

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