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Marathon Petroleum completes modified Dutch auction tender offer to purchase up to $4.0 billion of its outstanding Common Stock

June 2021

Client(s) Marathon Petroleum Corporation

Jones Day advised Marathon Petroleum Corp. (MPC) in its "modified Dutch auction" tender offer to purchase up to $4.0 billion of shares of its Common Stock at a price not greater than $63.00 and not less than $56.00 per share of Common Stock, to the tendering shareholder in cash. The offer is being made as part of MPC's announced $10.0 billion share repurchase program.

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