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Tesoro's corporate headquarters, completed in 2009, at San Antonio, Texas. Tesoro was founded in 1968 [6] by Dr. Robert Van Osdell West Jr (1921–2006), [7] and was primarily engaged in petroleum exploration and production. Tesoro began operating its first refinery, near Kenai, Alaska, in 1969. Tesoro became the first Fortune 500 company to be ...
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro, renamed to Andeavor, would purchase Western Refining for an estimated enterprise value of $6.4 Billion. [15] Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission. [16]
Marathon Petroleum Corp. (NYS: MPC) has agreed to purchase BP's (NYS: BP) Texas City, Texas, refinery for a base purchase price of $598 million, plus inventories estimated at $1.2 billion ...
Marathon Petroleum's latest request to renew major air permit at El Paso refinery comes year after TCEQ approved smaller permit that drew opposition.
In 2011, Marathon completed the corporate spin-off of Marathon Petroleum, distributing a 100% interest to its shareholders. [18] In June 2013, Marathon sold its Angolan oil and gas field to Sinopec for $1.52 billion. [19] In September 2013, Marathon sold a 10% stake in an oil and gas field offshore Angola for $590 million to Sonangol Group. [20]
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in 2003, USA Petroleum agreed to pay $325,000 to settle a dispute regarding leaking tanks causing groundwater and soil pollution at 10 USA Gasoline stations in Ventura County. in July 2006, USA Petroleum announced its plan to sell 122 of its California gas stations to Chevron. The deal was finalized in November.