Marathon Petroleum sees FY23 capital spending $1.3B

The company said, "MPC‘s standalone capital spending outlook for 2023 is $1.3 billion. Approximately 70% of overall spending is focused on growth capital and 30% on sustaining capital. Of the $900 million of growth capital, approximately 40% is allocated to low carbon opportunities focused on expanding into new commercial opportunities, improving the efficiency of MPC’s assets, and lowering the company’s emissions profile and enhancing its long-term sustainability."