WASHINGTON (dpa-AFX) - Marathon Petroleum Corp. (MPC) said the Board of
Directors has approved an incremental $5 billion share repurchase authorization.
With the addition of this authorization, the company currently has approximately
$8.8 billion available under share repurchase authorizations.

In the first quarter, the company returned approximately $2.5 billion of capital
to shareholders through $2.2 billion of share repurchases and $299 million of
dividends. Through April 26, the company repurchased an additional $0.8 billion
of company shares.

As of March 31, 2024, the company had $7.6 billion of cash, cash equivalents,
and short-term investments and $5 billion available on its bank revolving credit
facility.



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