secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001510295-23-000076
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPC Q3 net income $3.3B ($8.28/diluted); raises dividend 10%; adds $5B buyback
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- Net income $3.3B, $8.28/diluted; adjusted $3.2B, $8.14/adjusted diluted.
- Adjusted EBITDA $5.7B; net cash from operations $5.0B.
- Returned $3.1B to shareholders: $2.8B buybacks, $297M dividends.
- Dividend raised 10% to $0.825/share; Board approved $5B additional buyback authorization.
- R&M segment adjusted EBITDA $4.4B vs $5.5B YoY on lower crack spreads; Midstream flat at $1.5B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000076/0001510295-23-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029523000076/mpc-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001510295-23-000076

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