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Marathon Petroleum working through 'a couple' of asset divestiture deals

Aug 02, 2019 - SNL Energy Finance Daily
Financial Results

Marathon Petroleum Corp. executives said Aug. 1 that asset divestitures are in the works as part of a long-term portfolio optimization.

"This has been part of our strategy even before we closed the transaction with Andeavor, to be able to look at assets that may be nonstrategic," Marathon Petroleum Chairman and CEO Gary Heminger said during the company's second-quarter earnings call. "We're looking across the entire portfolio. It's not just one segment versus the other and this isn't j...