Summary
Marathon Petroleum Corporation (MPC) announced in this 8-K filing, dated November 1, 2018, that it will temporarily suspend providing certain financial and statistical "Market Data" information on its Investor Relations website. This decision is driven by the company's ongoing efforts to revise the format of this data in light of its recent acquisition of Andeavor. Investors should note that this is a procedural change regarding the presentation of existing information, not an indication of new financial results or significant strategic shifts beyond the integration of Andeavor. The company has stated it will provide further notification once the provision of this market data is scheduled to resume. While the specific details of the revised format are not yet disclosed, the company's commitment to resuming the data provision suggests it remains a valuable tool for investors. The filing also clarifies that this information is being furnished and not formally "filed" under certain sections of the Securities Exchange Act, a standard disclosure to manage liability related to the provided information.
Key Highlights
- 1MPC is temporarily suspending the release of certain "Market Data" on its Investor Relations website.
- 2The suspension is due to planned revisions in the format of the data presentation.
- 3These revisions are necessitated by the recent acquisition of Andeavor.
- 4MPC will provide future notification regarding the resumption of market data provision.
- 5The company is not currently releasing any new financial results or operational updates beyond this disclosure.
- 6The information provided is furnished, not filed, under Section 18 of the Securities Exchange Act of 1934.