secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001510295-22-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPC Q3 net income $4.5B ($9.06/diluted); raises dividend 30% to $0.75/share
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- Net income $4.5B vs $694M YoY; adjusted net income $3.9B ($7.81/diluted) vs $464M ($0.73) last year.
- Adjusted EBITDA $6.8B vs $2.4B YoY; R&M segment margin $30.21/barrel, utilization 98%.
- Completed $15B share repurchase commitment, repurchased ~30% of outstanding shares; ~$5B remaining under authorizations.
- Quarterly dividend increased ~30% to $0.75/share, payable Dec 12 to holders of record Nov 16.
- Martinez Renewables JV with Neste closed Sept 21; initial renewable capacity 260M gal/yr by year-end 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029522000075/0001510295-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029522000075/mpc-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001510295-22-000075

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