Marathon Petroleum Corp (MPC) CEO Michael Hennigan on Q4 2021 Results - Earnings Call Transcript

Marathon Petroleum Corp (NYSE:MPC) Q4 2021 Earnings Conference Call February 2, 2022 11:00 AM ET

Company Participants

Kristina Kazarian - VP, IR
Michael Hennigan - President, CEO & Director
Maryann Mannen - EVP & CFO
Rick Hessling - SVP, Global Feedstocks
Brian Partee - SVP, Global Clean Products
Raymond Brooks - EVP, Refining

Conference Call Participants

Doug Leggate - Bank of America Merrill Lynch
Prashant Rao - Citigroup
Neil Mehta - Goldman Sachs Group
Roger Read - Wells Fargo Securities
Manav Gupta - Crédit Suisse
Philip Gresh - JPMorgan Chase & Co.
Paul Cheng - Scotiabank

Operator

Welcome to the MPC Fourth Quarter 2021 Earnings Call. My name is Sheila, and I will be your operator for today's call. [Operator Instructions]. Please note that this conference is being recorded. I will now turn the call over to Kristina Kazarian. Kristina, you may begin.

Kristina Kazarian

Welcome to Marathon Petroleum Corporation's Fourth Quarter 2021 Earnings Conference Call. The slides that accompany this call can be found on our website at marathonpetroleum.com under the Investors tab. Joining me today on the call are Mike Hennigan, CEO; Maryann Mannen, CFO; and other members of the executive team.

We invite you to read the safe harbor statements on Slide 2. We will be making forward-looking statements today. Actual results may differ. Factors that could cause actual results to differ are included there as well as in our filings with the SEC. References to MPC capital spending during the prepared remarks today reflects stand-alone MPC capital, excluding MPLX.

And with that, I'll turn the call over to Mike.

Michael Hennigan

Thanks, Kristina, and good morning, and thanks for joining our call.

Before we get into our results for the quarter, I wanted to provide a brief update on the macro environment. During the fourth quarter, despite the widespread