Analyzing Marathon Petroleum’s Capex and Growth

Marathon Petroleum (MPC) is progressing on its growth trajectory with its capital expenditure and the ongoing acquisition of Andeavor (ANDV). In 2018, Marathon Petroleum plans to spend $4.0 billion on the capex—60% is expected to be in the Midstream segment, 24% in the Refining segment, and 13% in the Speedway segment.