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  "documentTitle": "Marathon Petroleum Corporation (MPC)",
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  "authorName": "Elliott Management",
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      "text": "Marathon does not get credit for a more diversified business mix and instead trades at virtually the same multiple as merchant refiners Valero and HollyFrontier.",
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      "text": "2017 Actual TEV Multiple: 5.7x",
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      "text": "EBITDA estimates are average (where covered) of Barclays, CS, JPM, and MS refining analyst models. (2) MPC Pro Rata MLP EBITDA to LP and GP Distributions assume no drops to MPLX in 2017...",
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