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Marathon Petroleum Corporation (MPC) is a leading integrated downstream energy company operating one of North America's largest refining systems. This dedicated news hub provides investors and industry professionals with essential updates on MPC's operational developments, strategic initiatives, and market positioning.
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Marathon Petroleum (NYSE: MPC) named Maria A. Khoury as Executive Vice President and Chief Financial Officer, effective January 19, 2026. Khoury will succeed John J. Quaid, who will remain with the company for a period of transition.
Khoury joins from Danaher, where since 2021 she served as Vice President, Group CFO Biotechnology with finance oversight for Cytiva and Pall Life Sciences, including controllership, treasury, and tax. Her background includes financial leadership at GE Oil & Gas (2010–2017), GE Corporate/GE Capital (1999–2010), and earlier roles at Cargill. Khoury holds degrees from Universidad Catolica Andres Bello, London School of Economics (diploma), and an MBA from Thunderbird School of Global Management.
Marathon Petroleum (NYSE: MPC) named Maria A. Khoury as Executive Vice President and Chief Financial Officer, effective January 19, 2026. Khoury will succeed John J. Quaid, who will remain with the company for a period of transition.
Khoury joins from Danaher, where since 2021 she served as Vice President, Group CFO Biotechnology with finance oversight for Cytiva and Pall Life Sciences, including controllership, treasury, and tax. Her background includes financial leadership at GE Oil & Gas (2010–2017), GE Corporate/GE Capital (1999–2010), and earlier roles at Cargill. Khoury holds degrees from Universidad Catolica Andres Bello, London School of Economics (diploma), and an MBA from Thunderbird School of Global Management.
Marathon Petroleum (NYSE:MPC) announced that its board elected Maryann T. Mannen as chairman of the board, effective Jan. 1, 2026. Mannen will retain her current responsibilities as president and chief executive officer while serving as chairman.
She succeeds Michael J. Hennigan, who will retire as executive chairman and as a board member effective Jan. 1, 2026. John Surma will continue as independent lead director. The release summarizes Mannen’s internal progression: CEO since Aug. 2024, president since Jan. 2024, and EVP & CFO from Jan. 2021 to Jan. 2024.
Marathon Petroleum (NYSE: MPC) reported Q3 2025 net income of $1.4B ($4.51/diluted share) and adjusted net income $915M ($3.01/diluted share). Adjusted EBITDA was $3.2B, driven by Refining & Marketing and Midstream.
Key operational metrics: R&M adjusted EBITDA $1.76B and margin $17.60/barrel; Midstream adjusted EBITDA $1.71B. The company returned $926M of capital in Q3 (including $650M share repurchases) and announced a 10% quarterly dividend increase. MPLX raised its quarterly distribution 12.5%, leading to $2.8B of expected annual distributions to MPC.
Cash was $2.7B and available repurchase capacity was $5.4B; notable capital projects and pipeline FID timelines were disclosed.
Marathon Petroleum (NYSE: MPC) reported Q3 2025 net income of $1.4B ($4.51/diluted share) and adjusted net income $915M ($3.01/diluted share). Adjusted EBITDA was $3.2B, driven by Refining & Marketing and Midstream.
Key operational metrics: R&M adjusted EBITDA $1.76B and margin $17.60/barrel; Midstream adjusted EBITDA $1.71B. The company returned $926M of capital in Q3 (including $650M share repurchases) and announced a 10% quarterly dividend increase. MPLX raised its quarterly distribution 12.5%, leading to $2.8B of expected annual distributions to MPC.
Cash was $2.7B and available repurchase capacity was $5.4B; notable capital projects and pipeline FID timelines were disclosed.
MPLX (NYSE: MPLX) reported third-quarter 2025 results and raised its quarterly distribution by 12.5% for the second consecutive year to an annualized $4.31 per unit (Q3 distribution $1.0765).
Key metrics: Net income $1,545 million (Q3 2025) vs $1,037 million (Q3 2024); Adjusted EBITDA $1,766 million; Distributable cash flow $1,468 million; Net cash provided by operations $1,431 million; Leverage 3.7x. MPLX returned $1.1 billion of capital and repurchased $100 million of public common units in Q3.
Strategic moves: acquired a Delaware basin sour gas treating business for $2.4 billion, announced divestiture of Rockies gathering and processing assets for $1.0 billion, issued $4.5 billion unsecured notes, and outlined multiple Permian and Gulf Coast gas/NGL projects with multi-year in-service timelines.
Marathon Petroleum (NYSE: MPC) announced a quarterly common-stock dividend of $1.00 per share, an increase of approximately 10% from the prior dividend of $0.91 per share. The dividend is payable on Dec. 10, 2025 to shareholders of record at the close of business on Nov. 19, 2025.
Marathon Petroleum (NYSE: MPC) announced a quarterly common-stock dividend of $1.00 per share, an increase of approximately 10% from the prior dividend of $0.91 per share. The dividend is payable on Dec. 10, 2025 to shareholders of record at the close of business on Nov. 19, 2025.
Marathon Petroleum (NYSE:MPC) has scheduled its 2025 third-quarter financial results conference call for November 4, 2025, at 11 a.m. EST. The company will make the earnings release and related investor materials available on their website before the call.
Investors can access the conference call through MPC's website at www.marathonpetroleum.com. A replay of the webcast will remain accessible on the company's website for two weeks following the presentation.
MPLX LP (NYSE:MPLX) reported strong Q2 2025 financial results, highlighted by a $2.375 billion acquisition of Northwind Midstream to enhance its Permian natural gas operations. The company achieved net income of $1.048 billion and adjusted EBITDA of $1.69 billion, with net cash from operations of $1.736 billion.
Key financial metrics include distributable cash flow of $1.42 billion and a quarterly distribution of $0.9565 per unit with 1.5x coverage. The company maintains a solid leverage ratio of 3.1x and announced a new $1.0 billion unit repurchase authorization. Segment performance showed growth in Crude Oil and Products Logistics, while Natural Gas and NGL Services remained stable.
MPLX is advancing several strategic projects, including the Secretariat processing plant, BANGL Pipeline expansion, and new Gulf Coast fractionation facilities, positioning for continued growth through 2029.
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