Marathon Petroleum Corp

Marathon Petroleum Corporation announced the passing of director Abdulaziz F. Alkhayyal on June 26, 2026. Mr. Alkhayyal had been a member of the company's Board of Directors since 2016, serving on both the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee. The company expressed its condolences to his family.

Marathon Petroleum reported a significant turnaround in its first quarter 2026 financial results, with net income attributable to MPC reaching $511 million, a substantial improvement from a loss in the prior year. Basic earnings per share also turned positive to $1.73. The company saw increased sales and other operating revenues, driven by strong performance in its Refining & Marketing and Renewable Diesel segments, while the Midstream segment experienced a slight decrease in adjusted EBITDA.

Marathon Petroleum Corp. reported a net income attributable to MPC of $511 million, or $1.73 per diluted share, for Q1 2026, a significant improvement from a net loss in Q1 2025. The company also announced an incremental $5 billion share repurchase authorization, reinforcing its commitment to capital return. Cash from operations was $1.1 billion, and adjusted EBITDA reached $2.8 billion. Strategic projects, including the Garyville jet project, are progressing, and MPLX's Permian growth strategy is expected to support distribution growth.