- Kayne Anderson Energy Infrastructure Fund Announces Appointment of Michael J. Hennigan as New Independent Director
May 12, 2026
Kayne Anderson Energy Infrastructure Fund, Inc.
HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company” or “KYN”) announced today the appointment of Michael J. Hennigan as an independent director of the Company, effective immediately. Following the retirements of William R. Cordes and Barry R. Pearl earlier this year, the appointment of Mr. Hennigan brings the Company’s Board to six members, five of whom are independent.
Michael J. Hennigan is a highly accomplished energy executive, with several decades of leadership experience in the refining and midstream sectors. Mr. Hennigan most recently served as Executive Chairman of Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) until his retirement in December 2025, having previously served as Chief Executive Officer of MPC and Chairman, President and Chief Executive Officer of MPLX.
Mr. Hennigan joined MPLX in 2017 and has held senior leadership roles spanning refining, logistics and midstream operations. Prior to joining MPLX, Mr. Hennigan was President of Crude, NGL and Refined Products of the general partner of Energy Transfer Partners, L.P. Mr. Hennigan began his career at Sunoco, Inc., where he spent more than three decades in roles of increasing responsibility, ultimately serving as President and Chief Executive Officer of Sunoco Logistics.
Mr. Hennigan currently serves on the boards of The Cigna Group (NYSE: CI) and Nutrien Ltd. (NYSE: NTR). He holds a Bachelor of Science degree in chemical engineering from Drexel University in Philadelphia.
“We are very pleased to welcome Mike to KYN’s Board of Directors,” said Jim Baker, Chairman, President, and CEO. “Mike brings a wealth of knowledge from his long career in the energy industry and extensive experience in the midstream sector. His perspective leading one of the largest and most complex energy platforms in North America will be an invaluable resource to our Board. As the energy and power infrastructure landscape continues to evolve, we believe Mike’s insights will further enhance our ability to capitalize on opportunities and deliver long-term value for KYN’s stockholders,” concluded Mr. Baker.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.
Story Continues
The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.
Contact investor relations at 877-657-3863 or cef@kayneanderson.com.
View Comments
- Iran War Truce Fragile as US Rejects Tehran’s Latest Offer
May 12, 2026
(Bloomberg) -- US President Donald Trump is showing signs of frustration at a lack of progress in negotiations to end the 10-week war with Iran, as the Strait of Hormuz remains all but closed to vital energy supplies and oil prices continue to rise.
Most Read from Bloomberg
Ambani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in India Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Iran Makes New Offer on Uranium in Response to US, WSJ Says Nvidia’s CEO to Miss China Trip After Year of Travels With Trump
Trump told reporters on Monday that the response from Tehran to his latest offer was a “piece of garbage” and the ceasefire is on “life support.” But he fell short of threatening to resume military attacks, instead saying a diplomatic solution is “very possible.”
Iran’s capitulation is “just a question of time” and the US doesn’t have to rush, Trump told the Sid & Friends In The Morning radio show on Tuesday.
But Tehran has given no indication that it’s willing to back down or budge on its key demands, which include the end of the US Navy’s blockade of Iranian ports, sanctions relief and maintaining a degree of control over traffic through Hormuz, according to a person familiar with the matter.
Brent crude climbed 4% to trade above $108 a barrel on Tuesday, as the impasse prolongs the disruption of crude flows through the strait.
“The US and Iran remain too far apart for a deal,” Bloomberg Economics’ Dina Esfandiary and Becca Wasser said. “If neither side is willing to make concessions, then a lasting peace deal will remain elusive, sporadic increases in intensity and protracted war the most likely scenario.”
Trump is set to meet Chinese President Xi Jinping in Beijing on Thursday and is expected to address the country’s approach to Iran, according to a US official who briefed reporters ahead of the trip. As the buyer of the bulk of Iran’s crude, China is in a unique position to exert some diplomatic sway and the meeting may provide a test as to its willingness.
The visit is taking place with Trump under economic and political strain, as high fuel prices threaten to hit Republicans in the November midterm elections. Trump said Monday he’ll seek a gasoline tax holiday to ease some of the burden on consumers, but it was unclear how much of the cut would be reflected at the pump. The measure would cost the country billions of dollars a month.
Defense Secretary Pete Hegseth was questioned by lawmakers on Tuesday over the growing costs of the Iran war, as part of a hearing on the administration’s unprecedented request for $1.5 trillion in defense spending for fiscal 2027. He refused to provide a breakdown of costs and offer any clarity on operational plans.
Story Continues
“We have a plan to escalate if necessary, we have a plan to retrograde if necessary, we have a plan to shift assets,” Hegseth said, saying he didn’t want to offer those details in a public setting.
Jules Hurst, the Pentagon’s acting comptroller, told lawmakers the estimated cost of the war is now closer to $29 billion, higher than his previously calculated $25 billion price tag — a figure questioned as unrealistically low.
Traffic through the Strait of Hormuz remains broadly halted, with sporadic attacks on tankers keeping shipowners wary of attempting to exit the Persian Gulf. Qatar is asking ships at its main liquefied natural gas export facility to turn off their transponders, according to people familiar with the matter, with one calling it a safety measure. A cargo ship was targeted by a drone in Qatari waters last week.
The United Arab Emirates retaliated against Iranian attacks on its territory earlier in the war, according to people familiar with the matter, coordinating with Israel as the two countries deepen security ties. The UAE, one of only a few Arab countries to formally recognize Israel, was targeted by Iran more than any other country in the region.
On Tuesday, Washington’s Ambassador to Israel, Mike Huckabee, said Israel had sent Iron Dome missile defense batteries to the UAE during the war, along with personnel to operate them.
Here’s more related to the war:
The spokesman for the Iranian parliament’s commission for national security and foreign policy said the country is considering the option of raising uranium enrichment to 90% if it’s attacked again, the semi-official Fars news agency reported. Any decision to enrich uranium to weapons-grade level would require approval from the Islamic Republic’s top leadership. The US said it’s releasing additional barrels of oil from its strategic reserves to help tame surging prices. The main natural gas plant supplying fuel in the UAE will only return to full capacity next year. The Habshan facility is operating at about 60% capacity and aims to reach 80% by the end of this year, Adnoc Gas Plc said. An oil supertanker that exited the gulf on Sunday hauling a cargo of Iraqi crude appears to have stopped shy of the US blockade line and turned back into the Gulf of Oman.
--With assistance from John Bowker.
(Updates with Trump comments in third paragraph, Hegseth in ninth.)
Most Read from Bloomberg Businessweek
Behind the Claude Frenzy That Ate Up All the Mac Minis The Tiny, Essential Building Blocks Powering the AI Boom A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom Trump Is Losing the Voters He Needs Most
©2026 Bloomberg L.P.
View Comments
- MPC Q1 Earnings Beat Estimates on Strong Refining Results
May 12, 2026
Marathon Petroleum Corporation MPC reported first-quarter 2026 adjusted earnings per share of $1.65, which beat the Zacks Consensus Estimate of 72 cents. Moreover, the bottom line increased significantly from the year-ago adjusted loss of 24 cents. The outperformance was driven by stronger-than-expected Refining & Marketing segment performance.
The Findlay, OH-based oil and gas refining and marketing company reported revenues of $34.6 billion, which beat the Zacks Consensus Estimate of $30.3 billion. Moreover, the top line increased 8.5% year over year, reflecting higher sales and other operating revenues, along with higher revenues from other income.
Marathon Petroleum Corporation Price, Consensus and EPS SurpriseMarathon Petroleum Corporation Price, Consensus and EPS Surprise
Marathon Petroleum Corporation price-consensus-eps-surprise-chart | Marathon Petroleum Corporation Quote
The company distributed approximately $1 billion to its shareholders during the first quarter and ended the quarter with $3.6 billion of capacity remaining under its share repurchase authorizations as of March 31, 2026.
MPC also announced an incremental $5 billion share repurchase authorization. With the addition of this new authorization, the company will have $8.6 billion available under its share repurchase authorizations as of March 31, 2026.
Inside Marathon Petroleum’s Q1 Segments
Refining & Marketing: The Refining & Marketing segment reported adjusted EBITDA of $1.4 billion, up approximately 181.6% from the year-ago figure of $489 million, and the figure surpassed the consensus estimate by 51%.
The refining margin improved to $17.74 per barrel from $13.38 in the prior-year quarter, primarily reflecting stronger crack spreads. Moreover, the figure beat the consensus estimate by 10.3%. Refining capacity utilization for the quarter was 89%, in line with the year-ago period.
Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets.
The segment reported adjusted EBITDA of $1.6 billion, down from the year-ago figure of $1.7 billion. The figure also missed the consensus estimate by 2.7%.
MPC’s Financial Analysis
Marathon Petroleum reported expenses of $33.2 billion in the first quarter of 2026, up from $31.2 billion reported in the year-ago quarter.
In the reported quarter, Marathon Petroleum spent $1.2 billion on capital programs (26% on Refining & Marketing and 71% on the Midstream segment) compared with $776 million in the year-ago period.
Story Continues
As of March 31, 2026, this Zacks Rank #1 (Strong Buy) company had cash and cash equivalents of $2.1 billion and total debt, including that of MPLX, of $32.8 billion, with a debt-to-capitalization of 58.3%.
You can see the complete list of today’s Zacks #1 Rank stocks here.
MPC’s Q2 & 2026 Guidance
In the second quarter of 2026, Marathon Petroleum expects solid operating performance, supported by refinery throughput of nearly 3 million barrels per day, including 2.8 million bpd of crude oil refined. The company projects refining operating costs of approximately $5.65 per barrel, while distribution expenses are expected to total around $1.63 billion. Planned turnaround costs are forecast at $300 million, and depreciation and amortization expense for the Refining & Marketing segment is expected to be about $390 million, while corporate costs are projected at roughly $240 million, including $30 million of depreciation and amortization. Overall, the outlook reflects continued strong utilization levels and a more normalized maintenance schedule heading into the quarter.
Marathon Petroleum expects 2026 capital spending, excluding MPLX, to total nearly $1.5 billion. Around 65% of the planned expenditure is directed toward value-enhancing projects, while the remaining 35% is allocated to sustaining operations. The company’s investment plan includes several high-return initiatives across its Galveston Bay, Robinson, El Paso and Garyville refineries. During the first quarter of 2026, MPC successfully commissioned the Garyville jet flexibility project, where upgrades to the hydrocracker fractionator now enable the conversion of existing products into higher-value jet fuel. This enhancement positions the company to capitalize on rising domestic and international jet fuel demand. Alongside these long-term strategic investments, MPC is also pursuing shorter-cycle projects aimed at improving margins and lowering operating costs.
Important Earnings at a Glance
While we have discussed MPC’s first-quarter results in detail, let us take a look at three other key reports in this space.
Northern Oil and Gas, Inc. NOG reported first-quarter 2026 adjusted earnings per share of 74 cents, which beat the Zacks Consensus Estimate of 71 cents. The outperformance reflects strong production. However, the bottom line declined from the year-ago adjusted profit of $1.33 due to weaker natural gas prices and a 77% increase in operating expenses.
The Minnetonka, MN-based oil and gas exploration and production company reported oil and gas sales of $539.9 million, beating the Zacks Consensus Estimate of $511 million, supported by higher crude oil realizations. However, the top line decreased from the year-ago figure of $576.9 million. The year-over-year decline was mainly due to lower oil and gas sales during this quarter.
As of March 31, 2026, Northern Oil had $37 million in cash and cash equivalents. The company had a long-term debt of $2.6 billion, with a debt-to-capitalization of 58.8%.
Canadian Natural Resources Limited CNQ reported first-quarter 2026 adjusted earnings per share of 85 cents, which beat the Zacks Consensus Estimate of 74 cents and increased from 81 cents in the year-ago quarter. The outperformance can be attributed to strong operational performance and higher realized natural gas prices.
Total revenues of $7.9 billion increased from $7.6 billion in the prior-year period, fueled by increased production volumes. Additionally, the figure beat the Zacks Consensus Estimate of $7.5 billion.
As of March 31, 2026, CNQ had cash and cash equivalents worth C$808 million and long-term debt of approximately C$16.5 billion, with a debt to capitalization of about 27%.
The Williams Companies, Inc. WMB reported first-quarter 2026 adjusted earnings per share of 73 cents, which beat the Zacks Consensus Estimate of 65 cents. The bottom line increased from the year-ago period’s level of 60 cents, driven mainly by a 12.5% decrease in costs and expenses. Moreover, better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P, West and Gas & NGL Marketing Services segments also contributed, with increases of 17.2%, 1.9%, 15.8% and 46.5%, respectively, from the year-ago quarter’s level.
The company’s revenues of $3 billion missed the Zacks Consensus Estimate of $3.3 billion. The figure decreased marginally by 0.6% from the year-ago quarter’s reported revenues. This can be attributed to lower service revenues tied to commodity contracts and an increased loss from commodity derivative instruments.
As of March 31, 2026, WMB had cash and cash equivalents of $950 million and a long-term debt of $30 billion, with a debt-to-capitalization of 66.5%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report
Canadian Natural Resources Limited (CNQ) : Free Stock Analysis Report
Marathon Petroleum Corporation (MPC) : Free Stock Analysis Report
Northern Oil and Gas, Inc. (NOG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments
- MPC Q1 Earnings Beat Estimates on Strong Refining Results
May 12, 2026 · zacks.com
Marathon Petroleum tops Q1 estimates as refining margins surge, while a new $5B buyback boosts total repurchase capacity.
- U.S. to loan more crude from Strategic Petroleum Reserve as part of IEA release
May 12, 2026
[Sunset Over Pumpjack Silhouette and Oil Barrel With Copy Space]
ronniechua/iStock via Getty Images
The U.S. government will loan about 53.3M barrels of crude from the Strategic Petroleum Reserve to nine companies as part of its contribution to the International Energy Agency's coordinated action to stabilize global oil supplies.
The companies that were granted contract awards for exchange include Exxon Mobil (XOM [https://seekingalpha.com/symbol/XOM]), BP (BP [https://seekingalpha.com/symbol/BP]), Marathon Petroleum (MPC [https://seekingalpha.com/symbol/MPC]) and Phillips 66 (PSX [https://seekingalpha.com/symbol/PSX]).
The Department of Energy said it is securing ~28% return premium through this exchange, representing 15.1M barrels. It added [https://www.energy.gov/hgeo/opr/articles/energy-department-awards-contracts-strategic-petroleum-reserve-advancing] that companies may begin scheduling deliveries immediately.
The U.S. has committed to release 172M barrels from the SPR as part of the broader IEA agreement to stabilize supplies amid the Iran war. The DOE already loaned about 80M barrels.
The SPR held [https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W] about 398M barrels of crude oil, according to the Energy Information Administration, equivalent to around four days of global oil consumption.
Oil companies borrowed only around 58% of the 92.5M barrels that the DOE offered to loan from the SPR last month, _Reuters _reported [https://www.reuters.com/business/energy/us-loan-533-million-barrels-oil-strategic-petroleum-reserve-2026-05-11/].
MORE ON CRUDE OIL
* Prepare For What Could Be The Biggest Oil Bull Market Of Your Life [https://seekingalpha.com/article/4902674-prepare-for-what-could-be-the-biggest-oil-bull-market-of-your-life]
* Commodities: Oil Surges As Peace Deal Hopes Fade [https://seekingalpha.com/article/4902357-commodities-oil-surges-peace-deal-hopes-fade]
* Phillips 66: Markets Underappreciate The Durability Of Refining Profitability [https://seekingalpha.com/article/4902149-phillips-66-markets-underappreciate-the-durability-of-refining-profitability]
* Aramco CEO says markets may not return to normal until 2027 [https://seekingalpha.com/news/4590933-ceo-of-worlds-largest-oil-company-says-markets-may-not-return-to-normal-until-2027]
* Shell CEO flags ~1B barrel crude shortage, 'journey back will be a long one' [https://seekingalpha.com/news/4589514-shell-ceo-crude-shortage-warning]
- Marathon Petroleum Q1 Earnings Call Highlights
May 12, 2026 · marketbeat.com
Marathon Petroleum NYSE: MPC reported stronger first-quarter 2026 results, with management pointing to improved refinery reliability, elevated refining margins and a favorable supply-demand backdrop shaped in part by geopolitical disruptions in the Middle East.
- Trump Says US-Iran Ceasefire on ‘Massive Life Support’
May 11, 2026
(Bloomberg) -- The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Epstein's Black Card: How He Moved Women With His Amex Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks
Speaking to reporters in the Oval Office, Trump called Iran’s response to his proposal a “piece of garbage” and that he “didn’t even finish reading it.”
Iran responded to last week’s US peace proposal by demanding a lifting of Washington’s naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz, according to a person familiar with the matter, who asked not to be identified discussing sensitive information.
Trump didn’t indicate whether the US would resume military attacks on Iran as he previously has threatened if the Islamic Republic’s leadership didn’t agree to his terms. Trump told Fox News earlier on Monday that he’s looking at reviving a plan to escort ships through the vital waterway.
Still, when asked about reaching a diplomatic solution, Trump said it was “very possible.” The US leader also repeated his claim, without evidence, that Iranian leaders “intend to give us the nuclear dust.”
There’s been no such public indication during the war to date that Tehran is about to back down, including on its insistence on maintaining a nuclear program.
The developments marked the latest failure by Trump to engineer a resolution to the 10-week war, which touched off a global energy crisis and continues to pose grave domestic political risks for him and his Republican party. The conflict also has strained relations with China, with Trump slated to meet President Xi Jinping in Beijing later this week.
“There’s no pressure at all,” Trump insisted on Monday. “We’re going to have a complete victory.”
Oil prices rose, with Brent crude ending the session around $104 a barrel after Trump said the ceasefire with Iran was on life support. The administration is also mulling pulling the final levers it had to ease the pain for consumers from rising energy costs. On Monday, Trump voiced support for a gasoline tax holiday.
Tehran has also insisted that any agreement result in an immediate end to fighting, including in Lebanon, where Israel is waging a parallel war against the militant group Hezbollah, the person said. The conflict has killed thousands of people across the Middle East and upended oil and gas markets.
Story Continues
Trump was to meet with his national security team Monday to discuss the war, including possible resumption of military action, Axios reported, citing three US officials.
As the standoff continued, the Wall Street Journal, citing anonymous sources, reported that the United Arab Emirates had carried out assaults on Iran. The UAE became a target of Iranian missiles and drones in the early days of the war.
Hormuz remains largely blocked, with Iran and other Persian Gulf countries unable to export energy supplies through the waterway — a conduit for a fifth of the world’s oil and liquefied natural gas before the war.
Iran has deployed its Ghadir-class midget submarines in the Persian Gulf to act as an “invisible guardian” of Hormuz, the semi-official Tasnim news agency reported. The home-grown model, capable of firing anti-ship cruise missiles, will add to concerns among shipowners about transiting the chokepoint.
A tanker loaded with LNG from Qatar appeared to have turned back from the strait on Monday. Still, some vessels managed to get through, including a Qatari ship.
The US Navy faces millions of dollars of extra costs each time it sends one of its destroyers through the waterway, in a fraught voyage that requires added surveillance measures and support from fighter jets and helicopters.
Failed attempts to reach a basic framework for further discussions between Washington and Tehran jeopardize the prospects for successful negotiations over future curbs on Iran’s nuclear program — a key aim of the US-Israeli military campaign.
Trump had proposed that Iran permit shipping to pass through Hormuz while Washington ends its blockade of Iranian ports, with nuclear talks to follow.
Iran’s other demands include the release of its frozen assets and the lifting of US sanctions on its oil sales, the person said. Iran’s state-run IRIB News described Trump’s plan, conveyed last week, as tantamount to surrender and said the US must also pay war damages.
Here’s more related to the war:
The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war. The conflict with Iran will be on Trump’s agenda when he meets Xi later this week. Revenue that China provides to Iran as well as potential weapons exports would be among the topics discussed at the summit, according to a US official who briefed reporters over the weekend. They spoke on condition of anonymity due to the sensitive nature of the preparations. Global oil markets are losing 100 million barrels every week Hormuz is shut, Saudi Aramco’s Chief Executive Officer Amin Nasser said.
--With assistance from John Bowker, Carla Canivete, Devika Krishna Kumar and John Harney.
(Updates with WSJ report, in 12th paragraph.)
Most Read from Bloomberg Businessweek
Behind the Claude Frenzy That Ate Up All the Mac Minis A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom Raising Cane’s Grew From an Idea a College Professor Hated The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI
©2026 Bloomberg L.P.
View Comments
- Marathon Petroleum Corp. names Brian Worthington vice president, Investor Relations; Kristina Kazarian to become vice president, Finance and Treasurer
May 11, 2026
FINDLAY, Ohio, May 11, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that Brian Worthington has been named vice president, Investor Relations. Worthington succeeds Kristina Kazarian, who will become vice president, Finance and Treasurer. Both appointments are effective May 25.
"Over the past six years, Brian has closely engaged with our investment community and developed a deep understanding of our business, positioning him as the ideal choice for this important role," said Maryann Mannen, chairman, president and chief executive officer. "We are pleased that Kristina will expand her responsibilities around capital allocation and treasury activities, bringing a perspective of driving long-term value creation for our shareholders."
Both Worthington and Kazarian will report to Maria Khoury, executive vice president and chief financial officer. In addition to their MPC responsibilities, Worthington and Kazarian will each serve in their new respective capacities for MPLX (NYSE: MPLX), the master limited partnership sponsored by MPC.
"I look forward to working closely with Brian and Kristina, whose strong partnership will enable clear and consistent engagement with the investment community, support the execution of our strategic objectives, and drive long-term shareholder value," said Khoury.
Worthington joined MPC as part of the Investor Relations team in 2020, bringing 17 years of experience from ConocoPhillips. Kazarian joined MPC in 2018 as vice president, Investor Relations and took on the additional responsibilities of Finance in 2023. Prior to MPC, she spent over a decade in energy roles at Fidelity and leading equity research teams at Deutsche Bank and Credit Suisse.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.
Investor Relations Contacts: (419) 421-2071 Kristina Kazarian, Vice President, Finance and Investor Relations
Brian Worthington, Senior Director, Investor Relations
Alyx Teschel, Director, Investor Relations
Story Continues
Media Contact: (419) 421-3577 Jamal Kheiry, Communications ManagerCision
View original content:https://www.prnewswire.com/news-releases/marathon-petroleum-corp-names-brian-worthington-vice-president-investor-relations-kristina-kazarian-to-become-vice-president-finance-and-treasurer-302768467.html
View Comments
- Marathon Petroleum Corp (MPC) Shares Surge 3.1% -- What GF Score of 72 Tells Investors
May 11, 2026 · gurufocus.com
On May 11, 2026, Marathon Petroleum Corp (MPC) shares rose 3.1% to a current price of $252.48. This move comes within a 52-week range of $149.65 to $261.61, ref
- Marathon Petroleum Corp. names Brian Worthington vice president, Investor Relations; Kristina Kazarian to become vice president, Finance and Treasurer
May 11, 2026 · prnewswire.com
FINDLAY, Ohio, May 11, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that Brian Worthington has been named vice president, Investor Relations. Worthington succeeds Kristina Kazarian, who will become vice president, Finance and Treasurer.
