1、2022ANNUAL REPORTTABLE OF CONTENTSPRESIDENT AND CEO LETTER 1OPERATIONS OVERVIEW 4CORE VALUES 6FINANCIAL HIGHLIGHTS 7SUSTAINABILITY 8BOARD OF DIRECTORS 12LEADERSHIP TEAM 13On the cover:Industrial Hygienist Kristen Brickner working to protect the health and safety of our peopleFROM THE PRESIDENT AND C

2、EOFellow Shareholders,Throughout a highly volatile year in global energy markets,Marathon Petroleum Corporation(MPC)demonstrated significant progress on our three strategic pillars,and we delivered on our commitments to performance,optimization and value creation.Executing on our operating,commercia

3、l and financial objectives,combined with a strong macro-economic environment,led to superior total shareholder returns in 2022 of 87%.At the same time,we continued to deepen our environmental,social and governance(ESG)efforts to drive long-term benefits for our business and stakeholders.In 2022,we l

4、everaged structural improvements we made in our commercial and operational execution to meet robust customer demand and capture strong margin opportunities.Our commitment to safe,reliable and environmentally sound operations enabled us to run our refining system at 96%utilization for the year,which

5、included operating at full utilization in the second quarter,when demand for the transportation fuels we manufacture was highest.MPC generated$16.4 billion of cash from operations in 2022.We returned nearly$12 billion to shareholders through share repurchases during the year,bringing total repurchas

6、es between May 2021 and the end of 2022 to almost$17 billion.Demonstrating our commitment to a secure,competitive and growing dividend,in November,we increased MPCs quarterly dividend by 30%.Challenging ourselves to lead in sustainable energy,we made significant progress on our Martinez Renewables f