Marathon Petroleum Corp. Announces Quarterly Dividend

Rhea-AI Summary

The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a quarterly dividend of $0.75 per share on its common stock. The dividend is set to be paid on June 12, 2023, to shareholders recorded as of the close of business on May 17, 2023.

Marathon Petroleum is a leading integrated downstream energy company with its headquarters in Findlay, Ohio. The firm operates the largest refining system in the U.S. and has a broad marketing system featuring branded retail outlets across the country. Additionally, MPC holds a majority stake in MPLX LP, which manages midstream assets.

Positive

• Dividend of $0.75 per share, indicating company confidence.
• Dividend payment scheduled for June 12, 2023, providing income for shareholders.

Negative

• None.

FINDLAY, Ohio, April 26, 2023 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.75 per share on common stock. The dividend is payable June 12, 2023, to shareholders of record as of the close of business May 17, 2023.

About 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, Finance and Investor Relations
Brian Worthington, Director, Investor Relations
Kenan Kinsey, Supervisor, Investor Relations

Media Contact: (419) 421-3577
Jamal Kheiry, Communications Manager

View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-quarterly-dividend-301808489.html

SOURCE Marathon Petroleum Corporation

FAQ

What is the dividend amount declared by Marathon Petroleum Corp for 2023?

Marathon Petroleum Corp has declared a dividend of $0.75 per share.

When will Marathon Petroleum Corp's dividend be paid?

The dividend will be paid on June 12, 2023.

What is the record date for the dividend payment of Marathon Petroleum Corp?

The record date for the dividend payment is May 17, 2023.

How frequently does Marathon Petroleum Corp pay dividends?

Marathon Petroleum Corp typically pays quarterly dividends.

What does the dividend declaration indicate about Marathon Petroleum Corp's financial health?

The dividend declaration reflects the company's confidence in its financial stability and operational performance.