Marathon Petroleum Schedules April 29 Virtual Shareholder Meeting with March 3 Record Date

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Marathon Petroleum announced its annual shareholders meeting will be held April 29, 2026 at 10 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of March 3, 2026 are entitled to vote, and the company will issue a proxy statement detailing participation instructions.

1. Annual Meeting Details

Marathon Petroleum Corp. has scheduled its 2026 annual meeting of shareholders for April 29, 2026 at 10 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of the March 3, 2026 record date will receive notice and voting materials. The company’s proxy statement will outline the process for registration, submitting questions, and casting votes electronically, ensuring broad participation despite the remote format.

2. Leading Integrated Refining and Midstream Operations

Headquartered in Findlay, Ohio, Marathon Petroleum operates the nation’s largest refining system with approximately 3.1 million barrels per day of throughput capacity across its six refinery complexes. Its downstream marketing network includes over 8,500 branded retail outlets under the Marathon and Speedway names. Through its majority ownership of MPLX LP, Marathon controls midstream assets comprising roughly 17,800 miles of crude oil and natural gas pipelines, 24 natural gas processing plants and fractionators, and extensive gathering and storage infrastructure, underpinning a stable fee-based revenue stream.

3. Dividend Growth Proposition

Motley Fool analysts have highlighted Marathon Petroleum as a superior alternative to other high-yield stocks, citing its record of nine consecutive years of dividend increases at a compounded annual growth rate near 12%. With a current dividend yield in the upper 3% range and a conservative balance sheet ratio of net debt to adjusted EBITDA below 2.5x, MPC offers both income and capital preservation relative to peers facing heavier capital expenditure demands.

4. Investor Engagement and Governance

Marathon Petroleum maintains active investor relations led by Vice President Kristina Kazarian and Senior Director Brian Worthington. The company’s governance structure features an independent board with a majority of non-executive directors and incorporates sustainability metrics into executive compensation. MPC’s transparent disclosure practices and regular outreach, including quarterly earnings calls and investor days, support robust dialogue on strategy execution and capital allocation priorities.

Sources

FPZ