Marathon Petroleum Corp
For the period ended Jun 30, 2026. Filed Aug 4, 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.
Jun 30, 2026 · Filed Aug 4, 2026
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8. Equity
- Equity
On May 5, 2026, MPC announced that our board of directors approved a $5.0 billion share repurchase authorization in addition to the $5.0 billion share repurchase authorization announced on November 5, 2024. As of June 30, 2026, we had $6.13 billion remaining under the share repurchase authorizations. The share repurchase authorizations have no expiration date.
Total share repurchases were as follows for the respective periods:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Number of shares repurchased | 9 | 5 | 13 | 12 |
| Cash paid for shares repurchased(a) | $2,500 | $692 | $3,250 | $1,749 |
| Average cost per share(b) | $258.36 | $146.43 | $246.41 | $147.29 |
(a)2026 excludes $33 million paid in 2026 for excise tax on 2025 share repurchases. 2025 excludes $88 million paid in 2025 for excise tax on 2024 share repurchases.
(b)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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