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MARATHON PETROLEUM CORPORATION

(MPC)
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Marathon Petroleum : Motor City Classic exceeds fundraising goal for Detroit nonprofit

10/12/2021 | 11:06am EST

Marathon Petroleum'sDetroit refinery raised nearly $155,000 at its 9th annual Motor City Classic golf tournament, benefiting

Southwest Solutions. The organization helps families, individuals and veterans in southwest Detroit improve their quality of life through a variety of services and programs.

'It was important for us to partner with an organization that would benefit our neighbors and friends in the community in which we operate,' said Dave Leaver, Detroit refinery General Manager. 'Southwest Solutions and the team they have assembled impressed us with their organization, breadth of services, and focus on helping improve the lives of those in Detroit. The donation to Southwest Solutions will help move our Detroit community forward.'

More than 300 people, including 65 golf teams (foursomes), business partners and volunteers, participated at Chandler Park Golf Course in Detroit in September. Leaver presented a check for $154,500 to Southwest Solutions' President and CEO Sean de Four after the event, which exceeded its fundraising goal by more than $50,000.

'We feel incredibly privileged and grateful to be the beneficiary of your generosity and want to express our deepest gratitude to Marathon and its business partners for supporting our vital work in the community,' said de Four. 'Each year, we serve over 13,500 families and individuals through programs that improve health, prevent homelessness, provide housing and employment opportunities, as well as supporting a range of other critical needs. Our work extends across the city, and the metro area, but our heart and home are still based where our organization began over 50 years ago - in southwest Detroit.'

Contact:

Media

Corporate Communications

539 South Main Street

Findlay, OH 45840

Phone: 419.422.2121

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 111 B - -
Net income 2021 9 348 M - -
Net Debt 2021 15 136 M - -
P/E ratio 2021 4,40x
Yield 2021 3,71%
Capitalization 38 985 M 38 985 M -
EV / Sales 2021 0,49x
EV / Sales 2022 0,54x
Nbr of Employees 57 900
Free-Float 61,4%
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Mean consensus BUY
Number of Analysts 18
Last Close Price 63,33 $
Average target price 74,50 $
Spread / Average Target 17,6%
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Managers and Directors
Michael J. Hennigan President, Chief Executive Officer & Director
Maryann T. Mannen Chief Financial Officer & Executive Vice President
John P. Surma Non-Executive Chairman
Donald W. Wehrly Chief Information Officer & Vice President
David R. Sauber SVP-Labor Relations, Operations & Health Services
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