New Risk • Aug 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks High level of debt (95% net debt to equity). Share price has been volatile over the past 3 months (6.2% average weekly change). Significant insider selling over the past 3 months (€2.1m sold). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €305, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €320 per share. Upcoming Dividend • Aug 11
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 18 August 2026. Payment date: 10 September 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (4.5%). Buy Or Sell Opportunity • Aug 04
Now 21% undervalued Over the last 90 days, the stock has risen 28% to €271. The fair value is estimated to be €343, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to decline by 3.1% per annum. Earnings are also forecast to decline by 17% per annum over the same time period. Duyuru • Jun 29
Marathon Petroleum Corporation Announces Demise of Board Member Abdulaziz F. Alkhayya on June 26, 2026 Marathon Petroleum Corporation was informed of the passing of director Abdulaziz F. Alkhayyal on June 26, 2026. Mr. Alkhayyal had served as a member of the Company's board of directors since 2016. He was a member of the Board's Compensation and Organization Development Committee and its Sustainability and Public Policy Committee. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks High level of debt (128% net debt to equity). Share price has been volatile over the past 3 months (7.7% average weekly change). Duyuru • Jun 17
Marathon Petroleum Corporation to Report Q2, 2026 Results on Aug 04, 2026 Marathon Petroleum Corporation announced that they will report Q2, 2026 results on Aug 04, 2026 Duyuru • May 12
Marathon Petroleum Corporation Announces Kristina Kazarian to Become Treasurer, Effective May 25, 2026 Marathon Petroleum Corp. announced that Kristina Kazarian, who will become Treasurer. Appointments are effective May 25. Kazarian will report to Maria Khoury, executive vice president and chief financial officer. In addition to their MPC responsibilities, Kazarian will each serve in their new respective capacities for MPLX, the master limited partnership sponsored by MPC. Kazarian joined MPC in 2018 as vice president, Investor Relations and took on the additional responsibilities of Finance in 2023. Prior to MPC, she spent over a decade in energy roles at Fidelity and leading equity research teams at Deutsche Bank and Credit Suisse. Duyuru • May 02
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on June 10, 2026 The board of directors of Marathon Petroleum Corp. has declared a dividend of $1.00 per share on common stock. The dividend is payable June 10, 2026, to shareholders of record as of the close of business May 20, 2026. Duyuru • Mar 24
Marathon Petroleum Corporation to Report Q1, 2026 Results on May 05, 2026 Marathon Petroleum Corporation announced that they will report Q1, 2026 results on May 05, 2026 Recent Insider Transactions • Mar 18
Chief Commercial Officer recently sold €559k worth of stock On the 12th of March, Rick Hessling sold around 3k shares on-market at roughly €196 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €902k. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Recent Insider Transactions • Feb 20
Insider recently sold €902k worth of stock On the 12th of February, Michael Henschen sold around 5k shares on-market at roughly €170 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €531k more than they bought in the last 12 months. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (132% net debt to equity). Share price has been volatile over the past 3 months (5.6% average weekly change). Recent Insider Transactions • Feb 15
Insider recently sold €902k worth of stock On the 12th of February, Michael Henschen sold around 5k shares on-market at roughly €170 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €531k more than they bought in the last 12 months. Declared Dividend • Feb 05
Dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 17th February 2026 Payment date: 10th March 2026 Dividend yield will be 1.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 04
Full year 2025 earnings released: EPS: US$13.27 (vs US$10.12 in FY 2024) Full year 2025 results: EPS: US$13.27 (up from US$10.12 in FY 2024). Revenue: US$133.4b (down 4.2% from FY 2024). Net income: US$4.05b (up 18% from FY 2024). Profit margin: 3.0% (up from 2.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • Feb 02
Marathon Petroleum Corporation, Annual General Meeting, Apr 29, 2026 Marathon Petroleum Corporation, Annual General Meeting, Apr 29, 2026. Duyuru • Jan 31
Marathon Petroleum Corporation Announces Quarterly Dividend, Payable on March 10, 2026 The board of directors of Marathon Petroleum Corp. has declared a dividend of $1.00 per share on common stock. The dividend is payable March 10, 2026, to shareholders of record as of the close of business February 18, 2026. Duyuru • Jan 06
Marathon Petroleum Corporation to Report Q4, 2025 Results on Feb 03, 2026 Marathon Petroleum Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026 Duyuru • Dec 18
Marathon Petroleum Corporation Announces Executive Changes Marathon Petroleum Corp. announced that Maria A. Khoury will join the company as Executive Vice President, effective January 19, 2026. Khoury will succeed John J. Quaid, who will remain with the company for a period of transition. Since 2021, Khoury has served as Vice President, Group CFO Biotechnology for Danaher, a global science and technology innovator, where she has finance responsibility for Cytiva (formerly GE Healthcare Biopharma) and Pall Life Sciences, including oversight of the controllership, treasury, and tax functions. From 2017-2020, Khoury served as Vice President, Finance and IT for GE Healthcare Life Sciences, based in the United Kingdom. Prior to her focus on life sciences, Khoury served in financial leadership positions for GE Oil & Gas in the United States and Italy from 2010 to 2017, including as CFO of GE's Drilling and Surface division. From 1999 to 2010, she held global positions of increasing responsibility in financial planning and analysis and treasury for GE Corporate and GE Capital Treasury. Before joining GE in 1999, Khoury spent five years with Cargill Inc., where she began her finance career. Khoury holds a bachelor's degree in economics from Universidad Catolica Andres Bello in Venezuela, a diploma in international business strategy from the London School of Economics, and a Master of Business Administration degree in international finance from the Thunderbird School of Global Management at Arizona State University. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: US$4.52 (vs US$1.88 in 3Q 2024) Third quarter 2025 results: EPS: US$4.52 (up from US$1.88 in 3Q 2024). Revenue: US$34.9b (flat on 3Q 2024). Net income: US$1.37b (up 120% from 3Q 2024). Profit margin: 3.9% (up from 1.8% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Duyuru • Nov 04
Marathon Petroleum Corporation Announces Board Changes, Effective January 1, 2026 Marathon Petroleum Corporation announced that the board of directors of MPC has elected Maryann T. Mannen, president and chief executive officer and member of the board of directors, as chairman of the board, effective Jan. 1, 2026. Mannen will assume the role of chairman of the board in addition to her current responsibilities. Mannen will succeed Michael J. Hennigan, who has elected to retire as executive chairman and as a member of the board of directors, also effective Jan. 1, 2026. John Surma will continue to serve as independent lead director of the board. Mr. Hennigan led MPC as CEO beginning in March 2020 and transitioned from CEO to executive chairman in August 2024. Ms. Mannen has served as CEO since August 2024, after previously serving as president from January 2024, and as executive vice president and chief financial officer between January 2021 and January 2024. Declared Dividend • Nov 03
Dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 18th November 2025 Payment date: 10th December 2025 Dividend yield will be 1.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Oct 30
Marathon Petroleum Corporation Increases Quarterly Dividend, Payable on December 10, 2025 The board of directors of Marathon Petroleum Corp. has declared a dividend of $1.00 per share on common stock, an increase of approximately 10% over its previous dividend of $0.91 per share. The dividend is payable December 10, 2025, to shareholders of record as of the close of business November 19, 2025. Duyuru • Sep 10
Marathon Petroleum Corporation to Report Q3, 2025 Results on Nov 04, 2025 Marathon Petroleum Corporation announced that they will report Q3, 2025 results on Nov 04, 2025 Duyuru • Aug 06
The Andersons, Inc. (NasdaqGS:ANDE) acquired remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) for approximately $430 million. The Andersons, Inc. (NasdaqGS:ANDE) acquired remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) for approximately $430 million on July 31, 2025. Consideration consists of a net purchase price of $385 million and $40 million of working capital. The transaction was funded with cash on hand and debt from existing credit facilities. Goldman Sachs & Co. LLC served as financial advisor to The Andersons, Inc.
The Andersons, Inc. (NasdaqGS:ANDE) completed the acquisition of remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) on July 31, 2025. Duyuru • Jul 31
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on September 10, 2025 The board of directors of Marathon Petroleum Corp. declared a dividend of $0.91 per share on common stock. The dividend is payable September 10, 2025, to shareholders of record as of the close of business Aug. 20, 2025. Duyuru • Jun 06
Marathon Petroleum Corporation to Report Q2, 2025 Results on Aug 05, 2025 Marathon Petroleum Corporation announced that they will report Q2, 2025 results on Aug 05, 2025 Duyuru • May 02
Marathon Petroleum Corporation Announces Executive Changes On April 28, 2025, Timothy J. Aydt, Executive Vice President, Refining, of Marathon Petroleum Corporation notified the Company of his intention to retire from the Company, following over 40 years of service, effective September 2, 2025. The Company has announced that Mike Henschen will succeed Mr. Aydt as Executive Vice President, Refining, effective June 1, 2025. Mr. Aydt will continue with the Company in a non-executive officer role to assist with the transition and other key initiatives from June 1, 2025, until his retirement. Duyuru • May 01
Marathon Petroleum Corp. Announces Quarterly Dividend, Payable on June 10, 2025 The board of directors of Marathon Petroleum Corp. has declared a dividend of $0.91 per share on common stock. The dividend is payable June 10, 2025, to shareholders of record as of the close of business May 21, 2025. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €110, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 45% over the past three years. Duyuru • Jan 27
Marathon Petroleum Corporation, Annual General Meeting, Apr 30, 2025 Marathon Petroleum Corporation, Annual General Meeting, Apr 30, 2025. 
