Marathon Petroleum Corp
For the period ended Mar 31, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
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8. Equity
- Equity
On November 5, 2024, MPC announced that our board of directors approved a $5.0 billion share repurchase authorization. As of March 31, 2026, $3.63 billion remained available for repurchase under the share repurchase authorization. The share repurchase authorization has no expiration date.
Total share repurchases were as follows for the respective periods:
| Three Months Ended March 31, | ||
|---|---|---|
| (In millions, except per share data) | 2026 | 2025 |
| Number of shares repurchased | 4 | 7 |
| Cash paid for shares repurchased | $750 | $1,057 |
| Average cost per share(a) | $213.45 | $147.87 |
(a)The average cost per share includes excise tax on share repurchases resulting from the Inflation Reduction Act of 2022, but the excise tax does not reduce the remaining share repurchase authorization.
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