Item 1.02 Termination of a Material Definitive Agreement.

On June 17, 2021, Marathon Petroleum Corporation (the "Company") provided notice to terminate, effective June 18, 2021, its $1.0 billion 364-day revolving credit agreement (the "September 2020 MPC 364-Day Credit Agreement"), dated as of September 23, 2020, by and among the Company, as borrower, the banks party thereto and JPMorgan Chase Bank, N.A. as administrative agent, which was scheduled to expire on September 27, 2021. There were no borrowings under the credit facility established under the September 2020 MPC 364-Day Credit Agreement, and the Company determined that the incremental borrowing capacity provided by the September 2020 MPC 364-Day Credit Agreement was no longer necessary.

The material terms and conditions of the September 2020 MPC 364-Day Credit Agreement were described in the Company's Current Report on Form 8-K filed on September 28, 2020 (the "Credit Agreement Form 8-K") which description is incorporated by reference herein. That description is also qualified by reference to the full text of the September 2020 MPC 364-Day Credit Agreement, which is filed as Exhibit 10.1 to the Credit Agreement Form 8-K.

Certain parties to the September 2020 364-Day Revolving Credit Agreement have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending or commercial banking services for the Company and its affiliates, for which they have received, and may in the future receive, customary compensation and reimbursement of expenses. Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.

The term of the unpaid advisory service of Donald C. Templin, former Executive Vice President and Chief Financial Officer, will conclude on August 1, 2021.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses