FINDLAY, Ohio, Feb. 1, 2016 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.32 per share on common stock. The dividend is payable March 10, 2016, to shareholders of record as of the close of business Feb. 17, 2016.
On Feb. 3, MPC will provide an update on its 2015 fourth-quarter and full-year results through an earnings release, to be followed by a conference call scheduled for 10 a.m. EST that day. Interested investors can listen to the conference call by dialing 1-800-446-1671 (confirmation #41539370) or by visiting MPC's website at http://www.marathonpetroleum.com and clicking on the "2015 Fourth-Quarter Financial Results" link.
About Marathon Petroleum Corporation
MPC is the nation's fourth-largest refiner, with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through approximately 5,600 independently owned retail outlets across 19 states. In addition, Speedway LLC, an MPC subsidiary, owns and operates the nation's second-largest convenience store chain, with approximately 2,760 convenience stores in 22 states. MPC owns, leases or has ownership interests in approximately 8,300 miles of crude and light product pipelines and 5,000 miles of gas gathering and natural gas liquids (NGL) pipelines. MPC also has ownership interests in more than 50 gas processing plants, more than 10 NGL fractionation facilities and a condensate stabilization facility. Through subsidiaries, MPC owns the general partner of MPLX LP, a midstream master limited partnership. MPC's fully integrated system provides operational flexibility to move crude oil, NGLs, feedstocks and petroleum-related products efficiently through the company's distribution network and midstream service businesses in the Midwest, Northeast, Southeast and Gulf Coast regions. For additional information about the company, please visit our website at http://www.marathonpetroleum.com.
Investor Relations Contacts:
Lisa Wilson (419) 421-2071
Teresa Homan (419) 421-2965
Chuck Rice (419) 421-2521
Jamal Kheiry (419) 421-3312
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Marathon Petroleum Corporation via Globenewswire
Source: Thomson Reuters ONE
(February 1, 2016 - 6:45 AM EST)
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