Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.58 per share on common stock, payable on Sept. 12, 2022, to shareholders of record as of Aug. 17, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Marathon Petroleum is an integrated energy company operating the largest refining system in the U.S., with a strong presence through its branded retail outlets and significant midstream operations.

Positive

• Quarterly dividend of $0.58 per share reflects company confidence in continued profitability.
• Dividend payable on September 12, 2022, to shareholders, providing immediate value.

Negative

• None.

FINDLAY, Ohio, July 27, 2022 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable Sept. 12, 2022, to shareholders of record as of the close of business Aug. 17, 2022.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.

Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President
Brian Worthington, Manager
Kenan Kinsey, Analyst

Media Contact: (419) 421-3312
Jamal Kheiry, Communications Manager

View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-301594734.html

SOURCE Marathon Petroleum Corporation

FAQ

What is the amount of the dividend declared by Marathon Petroleum on July 27, 2022?

Marathon Petroleum declared a dividend of $0.58 per share on July 27, 2022.

When will the dividend be paid to shareholders?

The dividend will be paid on September 12, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is August 17, 2022.

How often does Marathon Petroleum pay dividends?

Marathon Petroleum typically pays dividends quarterly.

What is Marathon Petroleum's stock symbol?

Marathon Petroleum's stock symbol is MPC.