Recent Updates — MPC

The board elected David E. Constable as a director effective March 1, 2027, increasing the board size to eleven members. Constable joins the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee. He brings over four decades of leadership experience in energy, chemicals, engineering, and construction, having previously served as CEO of Fluor Corporation and Sasol Ltd. Marathon Petroleum is a leading integrated downstream and midstream energy company that operates the nation's largest refining system.

Marathon Petroleum Corporation reported second-quarter 2026 financial results on August 4, 2026. Net income attributable to MPC was $5.1 billion, or $17.73 per diluted share, compared to $1.2 billion, or $3.96 per diluted share, in the prior-year period. Adjusted EBITDA reached $8.5 billion, up from $3.3 billion in Q2 2025. The company returned over $2.8 billion of capital to shareholders during the quarter and has $6.1 billion remaining under its share repurchase authorization. Marathon Petroleum operates as a leading integrated downstream and midstream energy company, operating the nation's largest refining system and owning a majority interest in MPLX LP.

Marathon Petroleum Corporation informed the board of the passing of director Abdulaziz F. Alkhayyal, who served on the board since 2016 and was a member of the Compensation and Organization Development Committee and the Sustainability and Public Policy Committee. Marathon Petroleum Corporation is an energy company that refines and markets products.