Strong Cash Generation
In the third quarter, MPC delivered strong cash generation of $2.4 billion and a year-to-date operating cash flow of $6 billion, excluding changes in working capital.
Increased Shareholder Returns
MPC returned $3.2 billion to shareholders through the third quarter and announced a 10% increase in its dividend, reflecting confidence in the business outlook.
Strategic Portfolio Optimization
MPC completed several transactions, including selling its interest in an ethanol production joint venture and MPLX acquiring a Delaware Basin sour gas treating business, enhancing MPLX's growth profile.
Operational Efficiency Achievements
Refineries achieved a utilization rate of 95% with several hitting monthly throughput records, and the renewable diesel facilities operated at 86% utilization, reflecting improved operational reliability.