marathon petroleum corp (MPC) Key Developments
Marathon Petroleum Corporation Announces Executive Changes
May 28 14
Michael G. Braddock, vice president and controller of Marathon Petroleum Corporation, has announced his intention to retire effective Oct. 1, 2014. Until his retirement, Mr. Braddock will continue as vice president and chief accounting officer of both MPC and MPLX LP. In conjunction with Mr. Braddock's pending retirement, MPC announced the appointment of John J. Quaid to the position of vice president and controller, effective June 23, 2014. Mr. Quaid was elected vice president and treasurer in August 2011, assuming executive responsibility for all of U.S. Steel's treasury functions, including cash and banking, credit and collections, corporate finance and corporate insurance. In January 2014, Mr. Quaid became vice president of Iron Ore, with responsibilities for all mining operations.
Hess Corporation, Hess Retail Holdings LLC, Marathon Petroleum Corporation, Speedway LLC - M&A Call
May 22 14
To discuss Marathon Petroleum Corporation's subsidiary, Speedway LLC's definitive agreement with Hess Corporation to acquire Hess Retail Holdings LLC
Marathon Petroleum Corporation Presents at NAPTP 2014 MLP Investor Conference, May-21-2014
May 21 14
Marathon Petroleum Corporation Presents at NAPTP 2014 MLP Investor Conference, May-21-2014 . Venue: Sawgrass Marriott Golf Resort & Spa, 1000 PGA TOUR Boulevard, Ponte Vedra Beach , FL 32082, United States.
Marathon Petroleum Corporation Presents at Morgan Stanley Refining Corporate Access Day, May-12-2014
May 4 14
Marathon Petroleum Corporation Presents at Morgan Stanley Refining Corporate Access Day, May-12-2014 . Venue: New York, New York, United States.
Marathon Petroleum Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 1 14
Marathon Petroleum reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported 2014 first-quarter net income attributable of $199 million or $0.67 per diluted share on total revenues and other income of $23,345 million compared with net income attributable of $725 million or $2.17 per diluted share on total revenues and other income of $23,345 million for the first quarter of 2013. First-quarter 2014 earnings included pretax pension settlement expenses of $64 million, which have historically been excluded in arriving at earnings adjusted for special items. Income from operations was $361 million against $1,156 million of prior year period. Income before income taxes was $315 million against $1,108 million of prior year period. Operating cash flow before changes in working capital was a $641 million source of cash.