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Marathon Petroleum Corp (MPC) CEO Michael Hennigan on Q2 2022 Results - Earnings Call Transcript

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Marathon Petroleum Corp (NYSE:MPC) Q2 2022 Earnings Conference Call August 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

Raymond Brooks - EVP, Refining

Conference Call Participants

Doug Leggate - Bank of America Merrill Lynch

Neil Mehta - Goldman Sachs Group

Manav Gupta - Crédit Suisse

Jason Gabelman - Cowen and Company

Roger Read - Wells Fargo Securities

Theresa Chen - Barclays Bank

Paul Cheng - Scotiabank

John Royall - JPMorgan Chase & Co.

Connor Lynagh - Morgan Stanley

Operator

Welcome to the MPC Second Quarter 2022 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 Second Quarter 2022 Earnings Conference Call. The slides that accompany this call can be found on our website at marathonpetroleum.com, under the Investor tab.

Joining me on the call today 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, and factors that could cause actual results to differ are included there as well as in our SEC filings.

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

Michael Hennigan

Thanks, Kristina. Good morning, everyone. In the second quarter, our operational activity was driven by strong market demand for transportation fuels we manufacture. Demand remains resilient, largely driven by the removal of globally imposed mobility restrictions and the pent-up desire to travel.

Jet fuel demand continued its recovery, up

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Comments (2)

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So no dividend increase until they run out of money to spend, then they will reset the dividend ( whatever that means).
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