Item 15. Exhibits and Financial Statement Schedules

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Item 15. Exhibits and Financial Statement Schedules

A. Documents Filed as Part of the Report

  1. Financial Statements (see Part II, Item 8. of this Annual Report on Form 10-K regarding financial statements)

  2. Financial Statement Schedules

Financial statement schedules required under SEC rules but not included in this Annual Report on Form 10-K are omitted because they are not applicable or the required information is contained in the consolidated financial statements or notes thereto.

  1. Exhibits:
Exhibit NumberExhibit DescriptionIncorporated by ReferenceFiled HerewithFurnished Herewith
FormExhibitFiling DateSEC File No.
2Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession
2.1 †Purchase and Sale Agreement, dated as of August 2, 2020, by and between MPC, the MPC subsidiaries party thereto and 7-Eleven, Inc.8-K2.18/3/2020001-35054
2.2Amendment to Purchase and Sale Agreement, dated as of October 16, 2020, by and among MPC, the MPC subsidiaries party thereto and 7-Eleven, Inc.10-K2.72/26/2021001-35054
2.3 †Amendment No. 2 to Purchase and Sale Agreement, dated as of May 14, 2021, by and among the Company, Sellers and Purchaser8-K2.35/14/2021001-35054
3Articles of Incorporation and Bylaws
3.1Restated Certificate of Incorporation of Marathon Petroleum Corporation, dated April 26, 20238-K3.24/27/2023001-35054
3.2Amended and Restated Bylaws of Marathon Petroleum Corporation, dated October 27, 202110-Q3.211/2/2021001-35054
4Instruments Defining the Rights of Security Holders, Including Indentures, and Description of Registrant’s Securities
Pursuant to Item 601(b)(4) of Regulation S-K, certain instruments with respect to long-term debt issues have been omitted where the amount of securities authorized under such instruments does not exceed 10 percent of the total consolidated assets of the Registrant. The Registrant hereby agrees to furnish a copy of any such instrument to the Securities and Exchange Commission upon its request.
4.1Indenture, dated as of February 1, 2011, between Marathon Petroleum Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee104.13/29/2011001-35054
4.2Indenture, dated February 12, 2015, between MPLX LP and The Bank of New York Mellon Trust Company, N.A., as Trustee8-K4.12/12/2015001-35714
4.3Description of Securities10-K4.32/23/2023001-35054
10Material Contracts
10.1Omnibus Agreement, dated as of October 31, 2012, among Marathon Petroleum Corporation, Marathon Petroleum Company LP, MPL Investment LLC, MPLX Operations LLC, MPLX Terminal and Storage LLC, MPLX Pipe Line Holdings LP, Marathon Pipe Line LLC, Ohio River Pipe Line LLC, MPLX LP and MPLX GP LLC8-K10.211/6/2012001-35054
10.2 *Marathon Petroleum Corporation Second Amended and Restated 2011 Incentive Compensation PlanS-34.312/7/2011333-175286
10.3 *Marathon Petroleum Corporation Policy for Recoupment of Annual Cash Bonus Amounts10-K10.102/29/2012001-35054
10.4 *Form of Marathon Petroleum Corporation 2011 Incentive Compensation Plan Supplemental Restricted Stock Unit Award Agreement – Non-Employee Director10-K10.222/29/2012001-35054

Table of Contents

Exhibit NumberExhibit DescriptionIncorporated by ReferenceFiled HerewithFurnished Herewith
FormExhibitFiling DateSEC File No.
10.5 *Marathon Petroleum Corporation Amended and Restated Executive Change in Control Severance Benefits Plan10-K10.212/28/2018001-35054
10.6 *MPLX LP 2012 Incentive Compensation Plan MPC Non-Employee Director Phantom Unit Award Policy10-K10.322/28/2013001-35054
10.7 *First Amendment to the Marathon Petroleum Corporation Amended and Restated 2011 Incentive Compensation Plan10-Q10.18/3/2015001-35054
10.8 *MPLX LP Executive Change in Control Severance Benefits Plan10-Q10.410/30/2017001-35054
10.9 *MPLX LP 2018 Incentive Compensation Plan8-K10.13/5/2018001-35714
10.10 *Marathon Petroleum Corporation Deferred Compensation Plan for Non-Employee Directors, as amended and restated January 1, 201910-K10.752/28/2019001-35054
10.11 *MPLX LP 2018 Incentive Compensation Plan MPC Non-Employee Director Phantom Unit Award Policy10-K10.862/28/2019001-35054
10.12 *Amended and Restated Marathon Petroleum Corporation 2012 Incentive Compensation Plan10-K10.872/28/2019001-35054
10.13 *First Amendment to the Amended and Restated Marathon Petroleum Corporation 2012 Incentive Compensation Plan10-K10.842/28/2020001-35054
10.14 *Nonqualified Stock Option Award Agreement - Officer10-Q10.25/9/2019001-35054
10.15 *Form of 2020 Officer Stock Option Award Agreement10-Q10.35/7/2020001-35054
10.16 *Aircraft Time Sharing Agreement, dated as of December 29, 2020, by and between Marathon Petroleum Company LP and Michael J. Hennigan10-K10.672/26/2021001-35054
10.17 *Form of 2021 MPC Officer RSU Award Agreement10-K10.692/26/2021001-35054
10.18 *Form of 2021 MPC Performance Share Unit Award Agreement 2021 - 2023 Performance Cycle10-K10.702/26/2021001-35054
10.19 *Form of 2021 MPLX LP Phantom Unit Award Agreement - MPC Officer10-K10.712/26/2021001-35054
10.20 *Marathon Petroleum Executive Deferred Compensation Plan, effective January 1, 202110-K10.732/26/2021001-35054
10.21 *Marathon Petroleum Executive Deferred Compensation Plan Adoption Agreement, effective January 1, 202110-K10.742/26/2021001-35054
10.22 *Form of 2021 MPC Restricted Stock Unit Award – Broad-Based Employees10-K10.752/26/2021001-35054
10.23 *Form of 2021 MPC Performance Share Unit Award Agreement – 2021-2023 Performance Cycle – Broad-Based Employees10-K10.762/26/2021001-35054
10.24 *Marathon Petroleum Corporation 2021 Incentive Compensation Plan8-K10.15/4/2021001-35054
10.25 *Form of 2022 MPC Officer Performance Unit Award Agreement – 2022-2024 Performance Cycle10-K10.642/24/2022001-35054
10.26 *Form of 2022 MPC Officer RSU Award Agreement – 3-year Pro Rata Vesting10-Q10.55/3/2022001-35054

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Exhibit NumberExhibit DescriptionIncorporated by ReferenceFiled HerewithFurnished Herewith
FormExhibitFiling DateSEC File No.
10.27Revolving Credit Agreement, dated as of July 7, 2022, by and among Marathon Petroleum Corporation, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, each of JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, Barclays Bank PLC, BofA Securities, Inc., Citibank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., RBC Capital Markets, and TD Securities (USA) LLC, as joint lead arrangers and joint bookrunners, Wells Fargo Bank, National Association, as syndication agent, each of Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., Royal Bank of Canada and The Toronto-Dominion Bank, New York Branch, as documentation agents, and the other lenders and issuing banks that are parties thereto8-K10.17/12/2022001-35054
10.28Revolving Credit Agreement, dated as of July 7, 2022, by and among MPLX LP, as borrower, Wells Fargo Bank, National Association, as administrative agent, each of Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities, Inc., Citibank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., RBC Capital Markets and TD Securities (USA) LLC, as joint lead arrangers and joint bookrunners, JPMorgan Chase Bank, N.A., as syndication agent, each of Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., Royal Bank of Canada and The Toronto-Dominion Bank, New York Branch, as documentation agents, and the other lenders and issuing banks that are parties thereto8-K10.27/12/2022001-35054
10.29 *2023 Marathon Petroleum Annual Cash Bonus Program10-K10.472/23/2023001-35054
10.30 *Form of 2023 MPC Officer Performance Share Unit Award Agreement – 2023-2025 Performance Period10-K10.482/23/2023001-35054
10.31 *Form of 2023 MPC Officer RSU Award Agreement - 2021 Plan10-K10.492/23/2023001-35054
10.32 *Marathon Petroleum Thrift Plan, as amended and restated effective January 1, 202310-K10.502/23/2023001-35054
10.33 *Form of 2023 MPLX Phantom Unit Award Agreement10-K10.522/23/2023001-35054
10.34 *First Amendment to the Marathon Petroleum Thrift Plan10-Q10.35/2/2023001-35054
10.35 *Second Amendment to the Marathon Petroleum Thrift Plan10-Q10.18/1/2023001-35054
10.36 *Third Amendment to the Marathon Petroleum Thrift PlanX
10.37 *Fourth Amendment to the Marathon Petroleum Thrift PlanX
10.38 *MPLX 2012 Incentive Compensation Plan10-K10.263/25/2013001-35714
10.39 *Form of 2022 MPLX Phantom Unit Award Agreement10-Q10.15/3/2022001-35714
10.40 *First Amendment to the MPLX 2018 Incentive Compensation Plan10-K10.752/28/2020001-35714
10.41 *Form of MPC Officer Performance Unit Award Agreement – 2024-2026 Performance CycleX
10.42 *Form of 2024 MPC Officer RSU Award AgreementX
10.43 *2024 Marathon Petroleum Annual Cash Bonus ProgramX
10.44 *Marathon Petroleum Deferred Compensation Plan (as amended and restated effective December 31, 2023)X
10.45 *Marathon Petroleum Excess Benefit Plan (as amended and restated effective December 31, 2023)X
21.1List of SubsidiariesX

Table of Contents

Exhibit NumberExhibit DescriptionIncorporated by ReferenceFiled HerewithFurnished Herewith
FormExhibitFiling DateSEC File No.
23.1Consent of Independent Registered Public Accounting FirmX
24.1Power of Attorney of Directors and Officers of Marathon Petroleum CorporationX
31.1Certification of Chief Executive Officer pursuant to Rule 13(a)-14 and 15(d)-14 under the Securities Exchange Act of 1934.X
31.2Certification of Chief Financial Officer pursuant to Rule 13(a)-14 and 15(d)-14 under the Securities Exchange Act of 1934.X
32.1Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350.X
32.2Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350.X
97.1Marathon Petroleum Corporation Officer Compensation Clawback PolicyX
101.INSInline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded with the Inline XBRL document.X
101.SCHInline XBRL Taxonomy Extension Schema Document.X
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document.X
101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document.X
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document.X
101.LABInline XBRL Taxonomy Extension Label Linkbase Document.X
104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

† The exhibits and schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K and will be provided to the Securities and Exchange Commission upon request.

  • Indicates management contract or compensatory plan, contract or arrangement in which one or more directors or executive officers of the Registrant may be participants.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 28, 2024MARATHON PETROLEUM CORPORATION
By: /s/ Erin M. Brzezinski
Erin M. Brzezinski Vice President and Controller

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Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on February 28, 2024 on behalf of the registrant and in the capacities indicated.

SignatureTitle
/s/ Michael J. HenniganDirector and Chief Executive Officer (principal executive officer)
Michael J. Hennigan
/s/ John J. QuaidExecutive Vice President and Chief Financial Officer (principal financial officer)
John J. Quaid
/s/ Erin M. BrzezinskiVice President and Controller (principal accounting officer)
Erin M. Brzezinski
*Director
Abdulaziz F. Alkhayyal
*Director
Evan Bayh
*Director
Charles E. Bunch
*Director
Jonathan Z. Cohen
*Director
Edward G. Galante
*Director
Kim K.W. Rucker
*Director
Frank M. Semple
*Director
J. Michael Stice
*Chairman of the Board
John P. Surma
*Director
Susan Tomasky

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  • The undersigned, by signing his name hereto, does sign and execute this report pursuant to the Power of Attorney executed by the above-named directors and officers of the registrant, which is being filed herewith on behalf of such directors and officers.
By: /s/ Michael J. HenniganFebruary 28, 2024
Michael J. Hennigan Attorney-in-Fact

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