Marathon board OKs $2B share buyback


FINDLAY — Marathon Petroleum Corp. said Thursday that its board of directors had approved an additional $2 billion share repurchase program through September, 2015.

The board had authorized a repurchase program that had $1.34 billion remaining as of June 30.

“Our focus continues to be returning capital to our shareholders on a sustained basis while making value-enhancing investments in the business,” said Gary Heminger, the company's president and CEO.