Marathon Petroleum Corp. Declares Quarterly Dividend
The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has announced an important decision regarding their quarterly dividend. The company has declared a dividend of $0.91 per share on its common stock. This financial commitment demonstrates the company’s ongoing dedication to its shareholders and reflects its strong performance in the energy market.
Dividend Payment Details
This declared dividend is set to be payable on June 10, 2025, and it targets shareholders who are on record as of May 21, 2025. Such timely payments indicate a healthy cash flow and a commitment to returning value to shareholders.
Understanding the Importance of Dividend Payments
Dividends play a crucial role in the investment strategies of many shareholders. Regular dividends can provide a steady income stream, particularly attractive to investors seeking stability. By declaring this dividend, Marathon Petroleum Corp. not only rewards its existing investors but also enhances its appeal to potential investors looking for companies with solid financial foundations.
About Marathon Petroleum Corporation
Marathon Petroleum Corp. is recognized as a leading, integrated, downstream energy company. It operates the largest refining system in the nation, making it a significant player in the energy sector. The company has a robust marketing system, featuring branded locations throughout the country, notably the Marathon brand retail outlets. Additionally, Marathon Petroleum holds a major stake in MPLX LP, which focuses on midstream operations, including the gathering, processing, and transportation of oil and natural gas products.
Company Strategy and Vision
Marathon Petroleum is not just about refining; it is also about innovation and sustainability. The company's leadership constantly seeks ways to enhance operational efficiency and reduce environmental impact, aligning its goals with the evolving landscape of energy consumption and regulatory expectations. By investing in modern technologies and processes, Marathon aims to remain a front-runner in the industry.
Contact Information for Investor Relations
For more information, investors can reach out to the Investor Relations team. The contacts include Kristina Kazarian, Vice President of Finance and Investor Relations, Brian Worthington, Senior Director, Investor Relations, Alyx Teschel, Director, Investor Relations, and John Zimmerly, Senior Analyst. They are available to assist shareholders and potential investors alike.
Media Contact
For media inquiries, Jamal Kheiry serves as the Communications Manager and can be contacted for further information regarding company updates and communications.
Frequently Asked Questions
What is the declared dividend by Marathon Petroleum Corp.?
The declared dividend is $0.91 per share on common stock.
When will the dividend be paid?
The dividend is scheduled to be paid on June 10, 2025.
What date do shareholders need to record their shares for the dividend?
Shareholders must be on record by May 21, 2025, to receive the dividend.
What does Marathon Petroleum Corp. specialize in?
Marathon Petroleum is a leading integrated energy company specializing in refining and marketing petroleum products.
How can investors get in touch with Marathon Petroleum's investor relations?
Investors can contact Kristina Kazarian or any members of the Investor Relations team for inquiries and more information.
