Marathon Petroleum Raises Earnings, Lifts Capital Expenditures

SUGAR LAND--February 2, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Marathon Petroleum Corporation (NYSE:MPC) (MPC) (Findlay, Ohio) is planning $1.7 billion this year in capital expenditures, up from $1.4 billion in 2016, company executives said Wednesday. In addition, MPLX LP (NYSE: MPLX), Marathon's master limited partnership spinoff for the midstream sector, plans capital expenditures between $1.4 billion and $1.7 billion this year.<