Marathon Petroleum Doubles Q2 Profits, Plans $4 Billion Capex, Investments for 2018

SUGAR LAND--July 27, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Propelled by positive Midwest and Gulf Coast crack spreads, record refinery crude throughput volumes and strong midstream income, Marathon Petroleum Corporation (NYSE:MPC) (Findlay, Ohio) reported second-quarter earnings of $1.06 billion, more than double the $483 million in earnings reported for the same quarter a year earlier. The company plans nearly $4 billion in capital expenditures and investments for 2018.

Within this article: Texas City, Texas, Naphtha Hydrotreater Unit (NDU 2) Addition project. Additional companies: Andeavor Corporation (NYSE:ANDV), Valero Energy Corporation (NYSE:VLO)