Exploration & Production | General | Capital Markets | Capital Expenditure
Marathon Petroleum Talks 2014 Strategy; Outlines CapEx
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Marathon Petroleum Corporation has outlined the companies' strategic priorities.
Highlights include: Grow higher-valued, stable cash flow businesses: MPLX and Speedway Improve margins in refining operations Balance capital returns with value-enhancing investments Sustain focus on shareholder returns Maintain top-tier safety and environmental performanceMPC President and CEO Gary R. Heminger, who also is chairman and CEO of MPLX, highlighted MPC's greater emphasis on growing stable earnings from the company's midstream and retail businesses to balance earnings and cash flow from its refining and marketing segment.
"We recognize that earnings volatility is an issue for long-term investors, and we are addressing that by growing more aggressively the segments of our business that produce…
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