Marathon Petroleum reports sharp second-quarter profit increase and $2.8 billion capital return

Marathon Petroleum reported second-quarter 2026 net income attributable to MPC of $5.1 billion, or $17.73 per diluted share, compared with $1.2 billion, or $3.96 per share, a year earlier; adjusted EBITDA rose to $8.5 billion from $3.3 billion. The company returned more than $2.8 billion to shareholders, had $7.8 billion in cash and no borrowings on its $5 billion revolving facility as of June 30, and raised MPLX’s 2026 growth capital outlook by $500 million to $2.9 billion.