Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Marathon Petroleum Corporation    MPC

MARATHON PETROLEUM CORPORATION

(MPC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Marathon Petroleum : Delivers for Healthcare and Local Communities

share with twitter share with LinkedIn share with facebook
04/07/2020 | 12:08pm EDT
Marathon Petroleum Corporation Delivers for Healthcare and Local Communities Donates 575,000 N95 respirator masks to healthcare facilities; Marathon Petroleum Foundation, Inc., gives $1 million to American Red Cross Disaster Relief
Company Release - 4/7/202011:59 AMET

FINDLAY, Ohio, April 7, 2020 /PRNewswire/ -- Marathon Petroleum Corporation (MPC) has responded to the COVID-19 pandemic by donating personal protective equipment to healthcare providers and contributing $1 million to the American Red Cross through Marathon Petroleum Foundation, Inc.

To address the nationwide need, MPC donated more than 575,000 N95 respirator masks to 45 hospitals and other healthcare organizations in 20 states to help protect healthcare providers as they treat patients infected with COVID-19. The masks were from a supply MPC prepared years ago as part of its pandemic response plan.

In addition, the Marathon Petroleum Foundation's$1 million donation to the American Red Cross will help supply critical resources necessary to safely provide disaster relief and support to those in crisis during the COVID-19 pandemic and beyond.

'We are incredibly grateful for the selfless actions of doctors, nurses and other healthcare providers on the front lines of this pandemic, and we are grateful that we can make this contribution to their safety,' said MPC President and Chief Executive Officer Michael J. Hennigan. 'Likewise, the American Red Cross provides vital services in the communities where we do business and throughout the nation, and we are proud to be part of their efforts through this donation from the Marathon Petroleum Foundation.'

Trevor Riggen, senior vice president of Disaster Services at the American Red Cross, said the relief organization responds to more than 60,000 disasters a year, and will continue to help people in need. 'Thanks to partners like the Marathon Petroleum Foundation, the Red Cross can continue to provide food, shelter and care to people impacted by disasters nationwide,' he said. 'We are extremely grateful for their support during this public health crisis.'

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system with more than 3 million barrels per day of crude oil capacity across 16 refineries. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interests in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.

About Marathon Petroleum Foundation
Marathon Petroleum Foundation, Inc. is a philanthropic affiliate of Marathon Petroleum Corporation and its subsidiaries. The foundation strategically focuses its community investments on three core areas where it can make a positive, measurable impact: science, technology, engineering and math (STEM) education, public safety, and environmental conservation/sustainability. The Marathon Petroleum Foundation also provides limited support to community-based organizations to address local health, human and social service needs.

Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President, Investor Relations

Media Contacts:
Hamish Banks, Vice President, Corporate Communications (419) 421-2521
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312

View original content:http://www.prnewswire.com/news-releases/marathon-petroleum-corporation-delivers-for-healthcare-and-local-communities-301036829.html

SOURCE Marathon Petroleum Corporation

Disclaimer

Marathon Petroleum Corporation published this content on 07 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2020 16:07:00 UTC

share with twitter share with LinkedIn share with facebook
Latest news on MARATHON PETROLEUM CORPORA
07/02Energy Transfer digs in on North Dakota pipeline expansion despite oil slump,..
RE
06/25MARATHON PETROLEUM : Names Ehren D. Powell as Senior Vice President, Chief Digit..
PR
06/23NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/23NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/23NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/22NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/22NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/22NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/22NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06/22NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
More news
Financials (USD)
Sales 2020 85 671 M - -
Net income 2020 -10 394 M - -
Net Debt 2020 31 176 M - -
P/E ratio 2020 -2,28x
Yield 2020 6,39%
Capitalization 23 455 M 23 455 M -
EV / Sales 2019
EV / Sales 2020 0,64x
Nbr of Employees 60 910
Free-Float 65,7%
Chart MARATHON PETROLEUM CORPORATION
Duration : Period :
Marathon Petroleum Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MARATHON PETROLEUM CORPORA
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 47,41 $
Last Close Price 36,07 $
Spread / Highest target 85,7%
Spread / Average Target 31,4%
Spread / Lowest Target -27,9%
EPS Revisions
Managers
NameTitle
Michael J. Hennigan President, Chief Executive Officer & Director
John P. Surma Non-Executive Chairman
David R. Sauber SVP-Labor Relations, Operations & Health Services
Donald C. Templin Chief Financial Officer & Executive Vice President
Donald W. Wehrly Chief Information Officer & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MARATHON PETROLEUM CORPORATION-40.13%23 455
EXXON MOBIL CORPORATION-37.36%186 380
RELIANCE INDUSTRIES LTD16.27%149 435
BP PLC-33.58%78 653
CHINA PETROLEUM & CHEMICAL CORPORATION-29.21%65 163
PTT-11.36%35 846