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Form 8-K · Current Report · Filed 2024-10-31

Marathon Petroleum Appoints New Director Jeffrey C. Campbell

On October 30, 2024, Marathon Petroleum Corporation announced the expansion of its Board of Directors to fifteen members and the appointment of Jeffrey C.

Filer
Marathon Petroleum Corp. MPC · NYSE
Filed
Accession
0001510295-24-000073
CIK
0001510295
Signal
Medium impactEnergy

Details

Campbell as a new director, effective November 11, 2024. Mr. Campbell will also serve on the Audit and Compensation and Organization Development Committees. As a non-employee director, he will receive compensation consistent with other non-employee directors, with an annual equity retainer of $185,000.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Board Member Appointed

Market reaction

Close before filing

$144.76

Next session

-1.1%

Since filing

+118.6%

Latest close

$316.47

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MPC reporting the same item, with the next session's move:

About Marathon Petroleum Corp.

Marathon Petroleum Corp. is a leading integrated downstream energy company within the United States. Its primary function is to refine crude oil and distribute petroleum products, playing a pivotal role in the energy sector. Marathon Petroleum operates one of the largest refining systems in the nation, with refineries strategically located across the country, providing widespread access to key markets. The company is known for producing a variety of petroleum products, including gasoline, diesel, aviation fuels, and petrochemicals, which are essential to various sectors such as transportation, industrial, and residential markets. Marathon Petrol's comprehensive logistics network, including pipelines, terminals, and marine fleets, supports its extensive distribution capabilities. Moreover, its retail operations through the Speedway brand further enhance its market presence. Marathon Petroleum Corp. is significant in the energy market, contributing to the stability and efficiency of fuel supply and consumption patterns, thus impacting both local and national economic landscapes.

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