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MARATHON PETROLEUM CORPORATION

(MPC)
  Report
Delayed Nyse  -  04:00:02 2023-01-27 pm EST
132.85 USD   -1.85%
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Marathon Petroleum's Garyville refinery announces nearly $2 million in recent community investments

11/22/2021 | 07:42am EST

Leaders from Marathon Petroleum's Garyville refinery announced a second round of community investment grants to support the ongoing relief and rebuilding efforts in St. John the Baptist Parish, home to the Garyville refinery.

Just days after Hurricane Ida caused wide-spread devastation across Southeast Louisiana, including in St. John the Baptist Parish, Marathon Petroleum provided a $1 million donation to support recovery efforts. To further Marathon Petroleum's commitment to the impacted areas, this week the company announced an additional $925,000 in local investments.

$450,000 for education initiatives that will benefit our community's youth

$275,000 to strengthen our coastal landscape and for updates to five parks across our community

$200,000 toward workforce development opportunities benefiting our community

Together, the nearly $2 million in recent investments (depicted in the following posters) will benefit these communities for years to come.

'We express our sincere appreciation to Marathon Petroleum for their generous donation during this challenging time,' said St. John the Baptist Parish President Jaclyn Hotard. 'We are grateful for the continued support of partners like Marathon, as we work together to recover and rebuild following Hurricane Ida.'

Marathon Petroleum's Vice President of Refining Michael Henschen made the announcement and addressed community members directly at the 23rd Annual St. John United Way Golf Classic, held Thursday, Nov. 18, at the Riverlands Golf and Country Club in LaPlace.

'We've shown what happens when everyone comes together for the betterment of our community,' said Henschen. 'We not only help each other endure challenges like Hurricane Ida, but we develop programs and initiatives that make our community stronger.'

Contact:

Tel: 419.422.2121

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 178 B - -
Net income 2022 13 971 M - -
Net Debt 2022 15 019 M - -
P/E ratio 2022 4,90x
Yield 2022 1,92%
Capitalization 62 262 M 62 262 M -
EV / Sales 2022 0,43x
EV / Sales 2023 0,55x
Nbr of Employees 17 700
Free-Float 47,2%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 132,85 $
Average target price 135,47 $
Spread / Average Target 1,97%
EPS Revisions
Managers and Directors
Michael J. Hennigan President, Chief Executive Officer & Director
Maryann T. Mannen Chief Financial Officer & Executive Vice President
John P. Surma Independent Chairman
Donald W. Wehrly Chief Information Officer & Vice President
David R. Sauber SVP-HR, Health & Administrative Services
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