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Marathon to retain ownership of MPLX after strategic review, names president/CEO

Mar 19, 2020 - SNL Energy Finance Daily
Board and Executive Moves

Marathon determined that distributions from its ownership of MPLX is an "ongoing, large, stable" source of cash flow, especially following the planned separation of its gas station chain business Speedway.

Following the conclusion of a strategic review of its midstream business, Marathon Petroleum Corp. has decided to retain its current structure and remain the general partner of its midstream unit MPLX LP.

Marathon determined that distributions from its ownership of MPLX is an "ongo...