Highest-materiality recent filing
MPC Q2 net income $5.1B ($17.73/diluted EPS); adjusted EBITDA $8.5B vs $3.3B YoY
Refining & Marketing segment adjusted EBITDA $6.7B vs $1.9B YoY; margin $36.33/bbl vs $17.58/bbl.
Marathon Petroleum director Abdulaziz F. Alkhayyal passes away
Director Abdulaziz F. Alkhayyal passed away on June 26, 2026; served on board since 2016.
MPC Q1 net income $511M ($1.73/sh) vs loss year ago; Board adds $5B buyback
Net income $511M ($1.73/diluted EPS) vs net loss $(74M) ($(0.24)/sh) in Q1 2025; adjusted net income $487M ($1.65/sh).
Maryann T. Mannen, Eileen P. Paterson, J. Michael Stice, John P. Surma elected board directors with >90% of votes cast.
Marathon Petroleum enters $5B revolver; MPLX $2.5B; no borrowings outstanding
MPC signed a $5.0B five-year unsecured revolver maturing April 2031, replacing the 2022 facility; no borrowings outstanding.
Marathon Petroleum Q4 net income $1.5B ($5.12 EPS) vs $371M YoY; adjusted EBITDA $3.5B
Q4 2025 net income $1.5B ($5.12 diluted EPS) vs $371M ($1.15) in Q4 2024.
Marathon Petroleum appoints Maria Khoury as CFO effective Jan 19, 2026
Maria Khoury appointed EVP & CFO effective Jan 19, 2026, succeeding John Quaid.
MPC Q3 net income $1.4B, EPS $4.51; adjusted EBITDA $3.2B; dividend up 10%
Net income $1.4B ($4.51 diluted EPS) vs $622M ($1.87) YoY; adjusted net income $915M ($3.01).
MPC CEO Maryann Mannen elected Chairman; Michael Hennigan retires as Executive Chairman
Maryann T. Mannen (president and CEO) elected Chairman of the Board effective Jan 1, 2026, retaining CEO role.
MPC Q2 net income $1.2B ($3.96 EPS); adj. EBITDA $3.3B; MPLX to acquire Northwind for $2.375B
Net income $1.2B ($3.96 diluted EPS) vs $1.5B ($4.33) YoY; adjusted EBITDA $3.3B vs $3.4B.
Marathon Petroleum posts Q1 net loss of $74M on planned maintenance; adjusted EBITDA falls 40% YoY
Net loss $(74)M ($(0.24)/diluted share) vs net income $937M ($2.58) in Q1 2024.
Marathon Petroleum 2025 annual meeting; declassification and supermajority repeal fail
All four Class II directors elected with >197M votes each; 52.9M broker non-votes.
Marathon Petroleum EVP Refining Timothy Aydt to retire; Mike Henschen named successor
Timothy J. Aydt, EVP Refining, to retire effective September 2, 2025 after over 40 years of service.
Marathon Petroleum files underwriting agreement for debt offering; no terms disclosed
Filed under Item 8.01: Underwriting Agreement, Tenth Supplemental Indenture, and legal opinion.
MPC Q4 net income $371M, down 75% YoY; full-year adj. EPS $9.51
Q4 net income $371M ($1.15 diluted EPS) vs $1.5B ($3.84) YoY; adjusted net income $249M ($0.77).
Marathon Petroleum director Susan Tomasky to retire at 2025 annual meeting
Susan Tomasky notified the Board of her retirement effective after the April 30, 2025 annual meeting.
Marathon Petroleum Q3 net income $622M ($1.87/diluted), down 81% YoY; dividend raised 10%
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.
Marathon Petroleum elects Jeffrey C. Campbell to board; expands board to 15
Board size increased to 15; Campbell's election effective Nov 11, 2024.
Marathon Petroleum sets CEO Mannen salary at $1.4M, LTI $12M annualized
Maryann T. Mannen's base salary raised to $1,400,000; target bonus set at 165% of salary.
Marathon Petroleum Q2 net income $1.5B, down from $2.2B YoY; adjusted EBITDA $3.4B
Net income $1.5B ($4.33 diluted EPS); adjusted net income $1.4B ($4.12 EPS).
Marathon Petroleum appoints Maryann Mannen as CEO, effective Aug 1, 2024
Maryann Mannen, current President, becomes CEO and joins the Board on August 1, 2024, succeeding Michael Hennigan.
Marathon Petroleum Q1 net income $937M ($2.58 EPS), down 65% YoY; adds $5B buyback
Net income $937M ($2.58 diluted EPS) vs $2.7B ($6.09) in Q1 2023; adjusted EBITDA $3.3B vs $5.2B.
Shareholders approved amendment to Restated Certificate of Incorporation to limit officer liability for breaches of fiduciary duty of care under DGCL.
MPC expands board to 13, elects Drake and Ellison-Taylor as directors effective March 1, 2024
Board increased from 12 to 13 members, effective March 1, 2024.
MPC Q4 net income falls to $1.5B from $3.3B YoY; full-year net cash ops $14.1B
Q4 net income $1.5B ($3.84 diluted EPS) vs $3.3B ($7.09) in Q4 2022; adjusted EPS $3.98.
Marathon Petroleum appoints Erin Brzezinski as VP and Controller, principal accounting officer
Effective Jan 8, 2024, Erin M. Brzezinski appointed VP & Controller, succeeding C. Kristopher Hagedorn.
Marathon Petroleum names Maryann Mannen President, John Quaid CFO effective Jan 1, 2024
Maryann T. Mannen promoted from EVP/CFO to President of MPC, effective Jan 1, 2024.
MPC Q3 net income $3.3B ($8.28/diluted); raises dividend 10%; adds $5B buyback
Net income $3.3B, $8.28/diluted; adjusted $3.2B, $8.14/adjusted diluted.
Marathon Petroleum GC Suzanne Gagle to retire; Molly R. Benson appointed Chief Legal Officer
Suzanne Gagle, General Counsel & SVP Government Affairs, to retire after 30+ years, effective Jan 5, 2024.
Marathon Petroleum Q2 net income $2.2B, adj. EBITDA $4.5B; returned $3.4B
Net income attributable to MPC of $2.2B ($5.32 diluted EPS) vs $5.9B ($10.95) in Q2 2022.
Director Toni Townes-Whitley resigns from Marathon Petroleum board effective June 30
Toni Townes-Whitley notified MPC board of resignation effective June 30, 2023.
MPC Q1 2023 net income $2.7B ($6.09 EPS) vs $845M YoY; adj. EBITDA $5.2B; adds $5B buyback auth.
Net income $2.7B ($6.09 diluted EPS) vs $845M ($1.49) YoY; adjusted EBITDA $5.2B vs $2.6B.
Shareholders approved increasing max board size from 12 to 15; Certificate of Amendment filed.
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).
Marathon Petroleum elects Toni Townes-Whitley to board effective March 1, 2023
Board size increased from 11 to 12; Townes-Whitley elected as director.
MPC Q3 net income $4.5B ($9.06/diluted); raises dividend 30% to $0.75/share
Net income $4.5B vs $694M YoY; adjusted net income $3.9B ($7.81/diluted) vs $464M ($0.73) last year.
Marathon Petroleum CEO Michael Hennigan reports no sign of cancer after treatment
CEO Michael Hennigan completed seven-week radiation and chemotherapy for throat cancer diagnosed in April 2022.
Marathon Petroleum appoints Timothy Aydt as EVP Refining; Brooks retirement extended to Sep 23
Timothy J. Aydt appointed Executive Vice President, Refining, effective September 1, 2022.
MPC Q2 2022 net income $5.9B ($10.95/diluted); adjusted EBITDA $9.1B; new $5B buyback authorization
Adjusted net income $5.7B ($10.61/diluted) vs $437M ($0.67) in Q2 2021; revenue not explicitly provided.
Marathon Petroleum board member Steven A. Davis passes away after nine-year tenure
Steven A. Davis, a Marathon Petroleum board member since 2013, died on July 10, 2022.
MPC and MPLX enter new $5B and $2B revolvers; MPLX facility cut by $1.5B
MPC entered $5.0B unsecured revolver due July 2027, replacing prior $5.0B 2018 facility.
Marathon Petroleum Q1 net income $845M ($1.49/sh) vs loss; JV with Neste, $8B buyback
Net income $845M ($1.49 diluted EPS) vs net loss $242M in Q1 2021.
Marathon Petroleum shareholders approve forum change; declassification, supermajority fail
Elected Class II directors Bayh, Bunch, Galante, Rucker; each received >326M votes for.
MPC CEO Michael Hennigan diagnosed with throat cancer, expects to continue as CEO during treatment
Michael J. Hennigan discovered a tumor in his throat via a health exam; cancer is limited to throat and nearby lymph nodes.
Marathon Petroleum EVP Refining Brooks to retire Sept. 9, 2022
Raymond L. Brooks, Executive Vice President of Refining, notified his retirement effective September 9, 2022.
MPC reports Q4 net income $774M, adjusted EPS $1.30; boosts buyback by $5B
Q4 2021 net income $774M ($1.27 diluted EPS) vs $285M ($0.44) in Q4 2020; adjusted net income $794M ($1.30).
Marathon Petroleum EVP & CCO Brian C. Davis departs effective Jan 10, 2022
Brian C. Davis, Executive Vice President and Chief Commercial Officer, left Marathon Petroleum effective January 10, 2022.
Marathon Petroleum Q3 net income $694M ($1.09 EPS) vs. loss a year ago; initiates debt redemption
Reported net income of $694M ($1.09 diluted EPS) vs. net loss of $886M ($1.36 loss) in Q3 2020.
Marathon Petroleum Q2 adj EPS $0.67 vs -$1.33 YoY; sold Speedway, to repurchase $9B in shares
Net income $8.5B ($13.00 diluted EPS) includes $11.6B pre-tax gain on Speedway sale; adjusted net income $437M ($0.67).
Marathon Petroleum appoints C. Kristopher Hagedorn as SVP and Controller, effective Sept 1, 2021
Hagedorn, formerly VP and Controller at MPLX, will succeed John J. Quaid as principal accounting officer.
Timothy J. Aydt, Executive Vice President, Refining, of Marathon Petroleum Corporation (the “Company”), notified the Company of his intention to retire from the Company, following over 40 years of service, effective September 2, 2025.
The Company has announced that Mike Henschen will succeed Mr. Aydt as Executive Vice President, Refining, effective June 1, 2025.
On January 20, 2025, Susan Tomasky notified the Board of Directors (the "Board") of Marathon Petroleum Corporation (the “Company”) of her decision to retire from the Board effective upon the conclusion of the Company's 2025 annual meeting of shareholders, to be held April 30, 2025.
On October 30, 2024, the Board of Directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) increased the size of the Board to fifteen members and elected Jeffrey C. Campbell as a director of the Company, with such increase in the size of the Board and election effective as of November 11, 2024.
current Chairman of the Board John P. Surma has been elected Lead Director.
effective August 1, 2024, has been appointed as the President and Chief Executive Officer of MPLX.
the Board increased the size of the Board to fourteen members and elected Ms. Mannen as a director of the Company, with such increase and election effective August 1, 2024.
On May 11, 2024, the board of directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) appointed Maryann T. Mannen as Chief Executive Officer of the Company, effective August 1, 2024.
On January 26, 2024, the Board of Directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) increased the size of the Board to thirteen members and elected Ms. Eileen P. Drake and Ms. Kimberly N. Ellison-Taylor as directors of the Company, with such increase in the size of the Board and elections effective as of March 1, 2024.
On January 26, 2024, the Board of Directors (the “Board”) of Marathon Petroleum Corporation (the “Company”) increased the size of the Board to thirteen members and elected Ms. Eileen P. Drake and Ms. Kimberly N. Ellison-Taylor as directors of the Company, with such increase in the size of the Board and elections effective as of March 1, 2024.
Ms. Brzezinski is succeeding C. Kristopher Hagedorn, who ceased to serve as Senior Vice President and Controller of the Company effective January 8, 2024.
Effective January 8, 2024, Marathon Petroleum Corporation (the "Company") appointed Erin M. Brzezinski as Vice President and Controller.
Max materiality 0.90 · Median 0.60 · Most common event earnings