secwatch.observer — SEC 8-K summary
======================================

Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001510295-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Petroleum Q4 net income $3.3B ($7.09 EPS); full-year cash $16.4B, returned $13.2B
--------------------------------------------------------------------------------

- Q4 net income $3.3B ($7.09 diluted EPS) vs $774M ($1.27) a year ago; adjusted net income $3.1B ($6.65).
- Full-year 2022 net income $14.5B ($28.12) vs $9.7B ($15.24) in 2021; adjusted net income $13.5B ($26.16).
- Returned $13.2B to shareholders: $11.9B share repurchases, $1.3B dividends. Board approved incremental $5B buyback authorization.
- 2023 capex outlook $1.3B; ~40% of growth capital for low carbon. Martinez Renewable Fuels Phase I on track for Q1 2023.
- R&M segment Q4 adjusted EBITDA $4.6B vs $1.5B; margin $28.82/barrel. Midstream segment EBITDA stable at $1.4B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000005/0001510295-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000005/mpc-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001510295-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer