Marathon Petroleum Corp. to donate $1 million for Texas storm recovery
September 01 2017 - 4:34PM
YASTEST
FINDLAY, Ohio, Sept. 1, 2017 - Marathon Petroleum
Corp. (NYSE: MPC) will donate $1 million to charitable
organizations and municipalities in the Galveston County and Corpus
Christi, Texas, areas to assist with recovery from Hurricane
Harvey, and will donate up to an additional $100,000 to match
donations from its employees.
"We have been a part of this region for more than 50 years, and we
are committed to helping our friends and neighbors recover from
this devastating storm," said MPC Chairman and CEO Gary R.
Heminger. "For decades we have been proud to support the cities and
agencies that strengthen our communities, and we are grateful for
their dedication as we all pull together to assist those in
need."
The $1 million MPC donation will be divided among the following
entities:
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About Marathon Petroleum Corporation
MPC is the nation's third-largest refiner,
with a crude oil refining capacity of approximately 1.8 million
barrels per calendar day in its seven-refinery system. Marathon
brand gasoline is sold through approximately 5,600 independently
owned retail outlets across 19 states. In addition, Speedway LLC,
an MPC subsidiary, owns and operates the nation's second-largest
convenience store chain, with approximately 2,730 convenience
stores in 21 states. MPC owns, leases or has ownership interests in
approximately 10,800 miles of crude and light product pipelines.
Through subsidiaries, MPC owns the general partner of MPLX LP, a
midstream master limited partnership. Through MPLX, MPC has
ownership interests in gathering and processing facilities with
approximately 5.6 billion cubic feet per day of gathering capacity,
7.8 billion cubic feet per day of natural gas processing capacity
and 570,000 barrels per day of fractionation capacity. MPC's fully
integrated system provides operational flexibility to move crude
oil, NGLs, feedstocks and petroleum-related products efficiently
through the company's distribution network and midstream service
businesses in the Midwest, Northeast, East Coast, Southeast and
Gulf Coast regions.
Investor Relations Contacts:
Lisa Wilson (419) 421-2071
Denice Myers (419) 421-2965
Doug Wendt (419) 421-2423
Media Contacts:
Chuck Rice
(419) 421-2521
Jamal Kheiry (419) 421-3312
MPC Harvey Recovery
Donation
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Marathon Petroleum Corporation via
Globenewswire
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