May 31, 2017 / 8:39 PM / 3 months ago

BRIEF-Marathon Petroleum announces incremental $3 bln share buyback program

May 31 (Reuters) - Marathon Petroleum Corp

* Marathon petroleum Corp announces incremental $3 billion share repurchase authorization

* Marathon petroleum Corp - ‍authorization is in addition to its previous authorization, which had approximately $2.14 billion remaining as of march 31​

* Marathon petroleum Corp - ‍expect cash proceeds from dropdowns and limited partner distributions to fund substantial ongoing return of capital to shareholders​

* Marathon petroleum Corp- ‍incremental $3 billion repurchase authorization, as well as remaining portion of previous authorization, have no expiration date.​ Source text for Eikon: Further company coverage:

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