Marathon petroleum corp. reports first-quarter 2024 results

Findlay, ohio , april 30, 2024 /prnewswire/ -- first -quarter net income attributable to mpc of $937 million , or $2.58 per diluted share; adjusted ebitda of $3.3 billion net cash provided by operating activities of $1.5 billion; safely and successfully completed largest planned maintenance quarter in mpc history, including at four of its largest refineries advanced midstream growth strategy, with new processing plants in the marcellus and permian basins and acquisition of utica midstream assets; mplx distributed $550 million to mpc returned $2.5 billion of capital through $2.2 billion of share repurchases and $299 million of dividends announced additional $5 billion share repurchase authorization, further demonstrates commitment to return of capital, which has totaled $35 billion of total capital returned since may 2021 marathon petroleum corp. (nyse: mpc) today reported net income attributable to mpc of $937 million, or $2.58 per diluted share, for the first quarter of 2024. in the first quarter of 2024, the company recorded an $89 million charge resulting from the quarterly fair-value remeasurement of outstanding performance-based stock compensation.
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