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. This dividend will be payable on Sept. 10, 2020, to shareholders of record as of the close of business on Aug. 19, 2020. Marathon Petroleum, based in Findlay, Ohio, operates the largest refining system in the U.S., with over 3 million barrels per day of crude oil capacity across 16 refineries. The company also features a vast marketing system and owns significant interests in MPLX LP, enhancing its operational footprint in the energy sector.

Positive

• Declared a dividend of $0.58 per share, enhancing shareholder income.
• Strong operational capacity with over 3 million barrels per day crude oil refining capacity.

Negative

• None.

FINDLAY, Ohio, July 29, 2020 /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. 10, 2020, to shareholders of record as of the close of business Aug. 19, 2020.

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 with more than 3 million barrels per day of crude oil capacity across 16 refineries. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interests 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, Investor Relations
Taryn Erie, Manager, Investor Relations
Brian Worthington, Manager, Investor Relations

Media Contacts:
Hamish Banks, Vice President, Corporate Communications (419) 421-2521
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312

 

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SOURCE Marathon Petroleum Corporation

FAQ

When will Marathon Petroleum pay its next dividend?

Marathon Petroleum will pay its next dividend on Sept. 10, 2020.

What is the dividend amount declared by Marathon Petroleum?

The declared dividend amount is $0.58 per share.

What is the record date for the dividend payment by MPC?

The record date for the dividend payment is Aug. 19, 2020.

How does Marathon Petroleum's dividend impact shareholders?

The dividend of $0.58 per share provides direct income to shareholders.

What is Marathon Petroleum's refining capacity?

Marathon Petroleum operates the largest refining system in the U.S. with over 3 million barrels per day capacity.