Marathon Petroleum's GAAP net income for 3 months of 2022 was $1.172 billion, up 18.3 times from $0.064 billion in the previous year. Revenue rose 67.7% to $38.384 billion from $22.882 billion a year earlier.

The Marathon Petroleum Board of Directors announced a quarterly dividend of $0.58 per share. The last day to buy securities to receive the dividend is May 16, 2022. The annual dividend yield may reach 3.26%.

Marathon Petroleum and Neste will form a joint venture to build a renewable diesel fuel plant. The production capacity will be 730 million gallons per year. Investment in the project is estimated at $1.2 billion. The plant is scheduled to start up in the 2nd half of 2022 and reach full capacity by the end of 2023. The partners will each own 50% of the joint...

Marathon Petroleum's GAAP net income for 2021 was $11.001 billion, compared to a loss of $9.977 billion in the previous year. Revenue increased 75.2% to $120.93 billion from $69.032 billion a year earlier.