1 First Quarter 2021 Earnings Conference Call May 4, 2021 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding Marathon Petroleum Corporation (MPC). These forward-looking statements relate to, among other things, expectations, estimates and projections concerning the business and operations, strategy and value creation plans of MPC. You can identify forward-looking statements by words such as "anticipate," "believe," "commit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35054 | Title of each class | Trading symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | ...

Marathon Petroleum Corporation (NYSE:MPC) Q4 2020 Earnings Conference Call February 2, 2021 11:00 AM ET Company Participants Kristina Kazarian - VP, IR Mike Hennigan - CEO Maryann Mannen - CFO Tim Griffith - President of Speedway Ray Brooks - SVP, Refining Brian Partee - SVP, Marketing Conference Call Participants Doug Terreson - Evercore ISI Neil Mehta - Goldman Sachs Doug Legate - Bank of America Roger Read - Wells Fargo Manav Gupta - Credit Suisse Paul Cheng - Scotiabank Benny Wong - Morgan Stanley Prash ...

Fourth Quarter 2020 Conference Call February 2, 2021 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding Marathon Petroleum Corporation (MPC). These forward-looking statements relate to, among other things, expectations, estimates and projections concerning the business and operations, strategy and value creation plans of MPC. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 199 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35054 Marathon Petroleum Corporation (Exact name of registrant as specified in its charter) Delaware 27-12 ...

Marathon Petroleum Corporation (NYSE:MPC) Q3 2020 Earnings Conference Call November 2, 2020 9:30 AM ET Company Participants Kristina Kazarian - VP, IR Mike Hennigan - CEO Don Templin - CFO Brian Partee - SVP, Marketing Ray Brooks - SVP, Refining Rick Hessling - SVP, Crude Oil Supply & Logistics Conference Call Participants Doug Legate - Bank of America Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Manav Gupta - Credit Suisse Benny Wong - Morgan Stanley Paul Cheng - Scotiabank Prashant Rao - Citi Group ...

Third Quarter 2020 Conference Call November 2, 2020 Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding Marathon Petroleum Corporation (MPC). These forward-looking statements relate to, among other things, expectations, estimates and projections concerning the business and operations, strategy and value creation plans of MPC. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 ...

Marathon Petroleum Corporation (NYSE:MPC) Q2 2020 Earnings Conference Call July 29, 2020 9:30 AM ET Company Participants Kristina Kazarian - Vice President, Investor Relations Mike Hennigan - CEO Don Templin - CFO Ray Brooks - Senior Vice President, Refining Tim Griffith - President, Speedway Brian Partee - Senior Vice President, Marketing Conference Call Participants Neil Mehta - Goldman Sachs Doug Legate - Bank of America Roger Read - Wells Fargo Paul Cheng - Scot Manav Gupta - Credit Suisse Benny Wong - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35054 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- ...

Speedway Sale & Strategy - Marathon Petroleum Corporation (MPC) executed a strategic priority by selling Speedway in a 100% cash transaction for $21 billion, unlocking significant value[6] - The company anticipates approximately $16.5 billion in after-tax cash proceeds from the Speedway sale, strengthening the balance sheet and enabling capital return to shareholders[6] - MPC has long-term fuel supply agreements up to 7.7 billion gallons per year with 7-Eleven as part of the Speedway sale[7] - MPC's strategy for continuing value creation focuses on strengthening the competitive position of assets, improving commercial performance, and lowering the cost structure[9] Second Quarter 2020 Financial Highlights - MPC reported an adjusted loss per share of $(1.33)[15] - The adjusted EBITDA was $653 million[16] - Cash from operations, excluding working capital, was $172 million[17] - Dividends were $378 million[18] Segment Performance - Midstream EBITDA was $1.199 billion in 2Q 2020, compared to $1.268 billion in 1Q 2020, a decrease of $69 million[21,78] - Retail EBITDA was $626 million in 2Q 2020, compared to $644 million in 1Q 2020, a decrease of $18 million[24,25] Fuel volumes were down approximately 25% from the first quarter due to COVID-19 demand destruction, and down approximately 36% year-over-year[23] - Refining & Marketing adjusted EBITDA was $(1.024) billion in 2Q 2020, compared to $154 million in 1Q 2020, a decrease of $1.178 billion[19,26] Cost Discipline & Liquidity - MPC guided 2Q R&M operating expenses to be approximately $300 million lower than 1Q20, and costs were further reduced by $64 million more than guidance[30] - The company has a strong liquidity position with $7.7 billion of available credit capacity as of June 30, 2020[35]