Marathon Petroleum Corp (MPC)

[Timothy Smith]

The company and its subsidiaries have been busy on acquisitions and business development. Speedway LLC, a wholly owned subsidiary of MPC, has been acquiring convenience stores, which helps the company to expand its presence in the retail segment as part of a broader expansion strategy.

Marathon is working to close on the purchase of a Texas City refinery from BP (BP) while it is also working with the privately held Harvest Pipeline to develop a truck-to-barge transportation project on the Ohio River.

The company will have almost 150,000 bpoe of upgraded refining capacity coming on line within the next three months.

So long as crude stays above $85/bbl and crack spreads stay wide then revenues should accelerate in 2013.

This is a great investment for those looking for near term and long term growth.