Marathon Petroleum reports Q4 adjusted EPS $6.65, consensus $5.67

Reports Q4 revenue $40.09B, consensus $36.69B. "In 2022, we delivered on our strategic commitments," said president and CEO Michael Hennigan. "We operated our system at 96% utilization and executed commercially, resulting in $16.4 billion of net cash from operations. We returned nearly $12 billion through share repurchases during the year, bringing total repurchases to almost $17 billion since May 2021. In addition, back in November, we increased our quarterly dividend by 30%. Today, we announced a 2023 MPC standalone capital spending outlook of $1.3 billion, and with the incremental share repurchase authorization we now have $7.6 billion in remaining authorization."