Marathon May Invest in Pipelines, CEO Says

The video discusses the ongoing consolidation in the refining industry, emphasizing the importance of asset quality over size. It highlights past acquisitions in the retail and midstream sectors, including Mark West and Hess assets. The speaker outlines potential pipeline investments and export strategies, particularly focusing on natural gas liquids. The discussion also covers the Midwest refining strategy, aiming to optimize transportation costs and deliver lower consumer prices.

What is the primary focus of the company's acquisition strategy?

• Increasing production volume

• Reducing operational costs

• Enhancing earnings quality

• Expanding geographical presence

Which acquisition made the company a significant player in natural gas liquids?

• Hess's East Coast assets

• Mark West

• Marquest

• Speedway

What is the company's strategy regarding pipeline investments?

• Partnering with other companies for joint ventures

• Focusing solely on domestic distribution

• Reversing existing pipelines for export

• Building new pipelines to the East Coast

Why does the company consider moving Midwest barrels to the East Coast?

• To increase production capacity

• To reduce transportation costs

• To improve refining technology

• To access new markets

What is the potential benefit of reversing the Laurel pipeline?

• Improving export capabilities

• Increasing supply to the Gulf Coast

• Reducing long-haul transportation from the East Coast

• Enhancing refining capacity in the Midwest