Marathon Petroleum chief legal officer Molly Benson sells $6.17m in stock

Chief Legal Officer and Corporate Secretary at Marathon Petroleum Corp, Molly R. Benson, sold 17,196 shares of the company's common stock worth around $6.17 million on August 17, 2026. The shares were sold at a price of $358.57 per share, in line with a pre-approved Rule 10b5-1 trading plan adopted by Ms. Benson on May 15, 2026.

Marathon Petroleum's stock is currently trading near its 52-week high of $367.60, having delivered a 106% return over the past year. Investment analysis suggests the stock is fairly valued at its Fair Value of $348.62. Prior to these sales, Benson had acquired 17,196 shares via employee stock options, exercising them at a price of $47.73 per share, equating to approximately $820,765.

These transactions resulted in Benson directly holding 30,334.3328 shares and indirectly holding 88.355 shares through her 401(k) Plan, including shares acquired through dividend reinvestment. Marathon Petroleum's second-quarter 2026 earnings surpassed expectations, with $17.73 earnings per share on $52.34 billion in revenue, outperforming analyst forecasts of $12.94 per share and $41.16 billion in revenue.

The company's strong performance was attributed to robust operations, favorable market conditions, and disciplined crude sourcing, leading to adjusted EBITDA of $8.5 billion. Freedom Broker upgraded Marathon Petroleum's stock rating from Sell to Hold, citing strong refining margins and operational execution as key factors, with a price target raised from $217 to $297.