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MI - Marathon chooses to keep MPLX structure following review - March 2020
Marathon Petroleum Corp. will remain the general partner of MPLX after MPC directors unanimously decided not to change its current midstream structure, the refiner announced March 18. After a special committee board conducted a formal review, MPC decided that MPLX contributes more to the general partner than a spinoff would. MPC also repeated its intent to sell its Speedway convenience store chain and said that MPLX CEO Michael Hennigan will become the parent company’s......
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