Marathon Petroleum (MPC) Tops Q4 EPS by 71c
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Marathon Petroleum Corp. Reports Fourth-Quarter 2021 Results
February 2, 2022 6:11 AM ESTFINDLAY, Ohio, Feb. 2, 2022 /PRNewswire/ --
Reported fourth-quarter net income of $774 million, or $1.27 per diluted share; reported adjusted net income of $794 million, or $1.30 per diluted share Returned approximately $3 billion of capital through share repurchases since Oct 31; completed approximately 55% of $10 billion repurchase program through Jan 31; announced an incremental $5 billion repurchase authorization Announced 2022 MPC standalone capital spending outlook of $1.7 billion; approximately 50% of growth capital for Martinez refinery conversion Martinez renewable fuels project total cost of $1.2 billion; approximately $300 million spent to date, $700 million for 2022, and $200 million for... More