NEW YORK, Feb 3 (Reuters) - Marathon Petroleum (MPC.N) , opens new tab said it bought two cargoes of Venezuelan crude oil at the end of January and expects its refineries to process more heavy grades, company executive said during a post-earnings call on Tuesday.

U.S. refiners are expected to benefit significantly from President Donald Trump's efforts to boost output in Venezuela and rebuild the country's dilapidated oil sector following the capture of President Nicolas Maduro this month.

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The company has the ability to quickly pivot to process Venezuelan crude at its refineries, including the facility at Garyville, said CEO Maryann Mannen.

Other U.S. Gulf Coast refiners including Valero Energy (VLO.N) , opens new tab and Phillips 66 (PSX.N) , opens new tab have also purchased Venezuelan crude that are part of Washington's agreement with Caracas to export up to 50 million barrels.

"Right now the signals are pointing towards a heavy, more sour slate, and so we're leaning into it significantly," chief commercial officer Rick Hessling said.

https://www.reuters.com/business/energy/marathon-petroleum-buys-venezuelan-crude-us-refineries-2026-02-03/