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Marathon Petroleum Corporation and MPLX LP Present Long-Term Strategic Priorities at 2013 Analyst & Investor Day


Executives from Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today outlined the companies' strategic priorities at the MPC and MPLX 2013 Analyst & Investor Day. MPC 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 more stable cash flows," Heminger said. He added that the company's Refining & Marketing segment will capitalize on evolving market conditions and likely remain the predominant cash flow generator for the company in the near-term. "We will continue to make investments in refining assets to capture margin improvement opportunities and optimize our operations. Such investments will include

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Posted-In: News Guidance Offerings Contracts Management Global


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