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2017-01-27

Marathon Petroleum Corporation: Marathon Petroleum Corporation announces election of new director

FINDLAY, Ohio, Jan. 27, 2017 - Marathon Petroleum Corporation (NYSE: MPC)
today announced that J. Mike Stice has been elected to the company's board of
directors, to be effective Feb. 22, 2017.

Stice joins the MPC board with a career that spans more than 35 years in the
upstream and midstream gas businesses, including as chief executive officer
of Access Midstream Partners L.P., where he led one of the largest publicly
traded gathering and processing master limited partnerships (MLPs).

Stice began his career in 1981 with Conoco, working in a variety of positions
of increasing responsibility. He was named president of ConocoPhillips Qatar
in 2006. In 2008, he was named president and chief operating officer of
Chesapeake Midstream Development, L.P., a wholly owned subsidiary of
Chesapeake Energy Corporation (NYSE: CHK), and senior vice president of
natural gas projects for Chesapeake. In 2009, he was named chief executive
officer of Chesapeake Midstream Partners, L.P. Stice was designated a
director of Chesapeake Midstream Partners, which changed its name to Access
Midstream in 2012. Stice continued as chief executive officer until his
retirement in 2014, and remained on the board of directors until 2015.

Currently, Stice serves as Dean of the Mewbourne College of Earth&Energy at
the University of Oklahoma, a position he assumed in August 2015. He is a
member of the board of directors at U.S. Silica Holdings, Inc. (NYSE: SLCA)
and a former director on the MarkWest Energy Partners, L.P. board.

"Mike's extensive experience with MLPs and prior experience on the MarkWest
Energy board make him uniquely qualified to serve on our board as MPLX, our
own MLP, is poised for future growth," said Gary R. Heminger, chairman,
president and chief executive officer of MPC. "MPC and its shareholders will
be well-served by his broad experience in both the upstream and midstream gas
businesses. On behalf of the board, it's a pleasure to welcome Mike to our
ranks as we chart MPC's strategic path." The election of Stice increases the
size of MPC's board to 12 directors.

Stice holds a bachelor's degree in chemical engineering from the University of
Oklahoma, a master's degree in business from Stanford University, and a
doctorate in education from The George Washington University.

###

About Marathon Petroleum Corporation

MPC is the nation's third-largest refiner, with a crude oil refining capacity
of approximately 1.8 million barrels per calendar day in its seven-refinery
system. Marathon brand gasoline is sold through approximately 5,500
independently owned retail outlets across 19 states. In addition, Speedway
LLC, an MPC subsidiary, owns and operates the nation's second-largest
convenience store chain, with approximately 2,730 convenience stores in 21
states. MPC owns, leases or has ownership interests in approximately 8,400
miles of crude and light product pipelines and more than 5,600 miles of gas
gathering and natural gas liquids (NGL) pipelines. MPC also has ownership
interests in 54 gas processing plants, 13 NGL fractionation facilities and
two condensate stabilization facilities. Through subsidiaries, MPC owns the
general partner of MPLX LP, a midstream master limited partnership. MPC's
fully integrated system provides operational flexibility to move crude oil,
NGLs, feedstocks and petroleum-related products efficiently through the
company's distribution network and midstream service businesses in the
Midwest, Northeast, East Coast, Southeast and Gulf Coast regions.

Investor Relations Contacts:

Lisa D. Wilson (419) 421-2071
Doug Wendt (419) 421-2423
Denice Myers (419) 421-2965

Media Contacts:

Chuck Rice (419) 421-2521
Jamal Kheiry (419) 421-3312

MPC announces election of new director
http://hugin.info/147922/R/2074168/779736.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Marathon Petroleum Corporation via Globenewswire

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