Item 2.02 Results of Operations and Financial Condition.

On November 2, 2020, Marathon Petroleum Corporation ("MPC" or the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2020. Subsequent to the release of preliminary earnings, and in conjunction with the preparation of its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020 (the "Form 10-Q"), the Company refined its estimate of the expected benefit from the tax loss carryback provided under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). As a result, the Company recorded an incremental benefit for income taxes on continuing operations of $132 million in the third quarter of 2020. This revision also increased the income tax receivable related to this estimated benefit, which is reported on the Company's balance sheet in Other Current Assets, by the same amount as of September 30, 2020. This estimated benefit is subject to change based on actual results for the fourth quarter of 2020. Refer to the below table for a summary of the revisions to the results to be reported in the Form 10-Q.


                                         Three Months Ended September 30, 2020
                                            Revised              Preliminary
Benefit for income taxes on
continuing operations                         $436                  $304
Net loss attributable to MPC                 $(886)               $(1,018)
Net loss per share                          $(1.36)                $(1.57)



These revisions had no effect on segment operating results, income from
discontinued operations, adjusted earnings or cash flows as previously reported
by the Company.
A revised earnings release, earnings call presentation and Investor Relations
Packet reflecting these revisions will be published on the Investors page of the
MPC website at https://www.marathonpetroleum.com.
Information in this Item 2.02 shall not be deemed "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise incorporated by reference into any filing pursuant to the
Securities Act of 1933, as amended, or the Exchange Act except as otherwise
expressly stated in such a filing.

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