Marathon Petroleum sees FY25 capital spending $2B

The company said, “MPC‘s standalone capital spending outlook for 2025 is $1.25 billion. Approximately 70% of its overall spending is focused on value enhancing capital and 30% on sustaining capital. MPC’s 2025 capital spending outlook includes continued high return investments at its Los Angeles, Galveston Bay and Robinson refineries. In addition to these multi-year investments, the company is executing shorter-term projects that offer high returns through margin enhancement and cost reduction. MPLX’s capital spending outlook for 2025 is $2.0 billion. MPLX is expanding its Permian to Gulf Coast integrated value chain, progressing long-haul pipeline growth projects to support expected increased producer activity, and investing in Permian and Marcellus processing capacity in response to producer demand.”