Marathon Petroleum Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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28. Subsequent Event
- Subsequent Event
On February 12, 2026, MPLX issued $1.5 billion aggregate principal amount of senior notes in an underwritten public offering, consisting of $1.0 billion aggregate amount of 5.300 percent senior notes due April 2036 and $500 million aggregate principal amount of 6.100 percent senior notes due April 2056. MPLX intends to use the net proceeds from this offering to repay MPLX’s outstanding $1.5 billion aggregate principal amount of 1.750 percent senior notes due March 2026 at maturity. Pending final use, MPLX may invest the proceeds in short-term marketable securities or other investments.
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