Investor Presentaiton
1 Canadian Crude Flexibility
Broader system
increases access to
Canadian crudes
enhancing margin
capture
■ Over 500 MBPD of
Canadian crude
purchases
Approximately 67% heavy
and 33% light-synthetic
Trans Mountain
Anacortes
Rail
Portland
Martinez
Enbridge Mainline
Clearbrook
Keystone
Cushing, OK
Los Angeles
1
1
2014-'17
2018 Avg.
Long-Term
Outlook
WTI-WCS
14.75
26.25
20-40
St. Paul,
Park
M
MARATHON
Detroit
SAX/
Mustang
Spearhead/Flan S.
Ozark
Seaway
TransCanada
Marketlink
MPLX
Barge
Canton
Robinson
Catlettsburg
Garyville
Galveston Bay,
Nederland, TX
Note: Differentials ($/BBL) rounded to nearest $0.25; pipelines are shown pictorially only to show flow paths 1 Bloomberg 2 MPC estimates as of December 4, 2018
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