Marathon Petroleum Corp
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 2026
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9. Equity
- Equity
On May 5, 2026, MPC announced that our board of directors approved a $5.0 billion share repurchase authorization and as of September 30, 2026, we had $3.12 billion remaining under this authorization. The share repurchase authorization has no expiration date.
Total share repurchases were as follows for the respective periods:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2026 | 2025 | 2026 | 2025 |
| Number of shares repurchased | 8 | 3 | 21 | 15 |
| Cash paid for shares repurchased(a) | $3,005 | $650 | $6,255 | $2,399 |
| Average cost per share(b) | $357.68 | $174.32 | $289.71 | $153.83 |
(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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