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Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon Petroleum. The refinery is located on 850 acres, in 2016 had approximately 650 full-time employees, and had a crude oil capacity of 157,000 barrels per day. In 2015 it was the fourth-largest refinery in the state. The refinery had a Nelson complexity index of 16.1.
On April 30, 2018, Marathon agreed to buy Andeavor, an independent refinery and oil company based in the Western United States, for $23 billion. [23] Marathon will acquire all of Andeavor's outstanding shares. [24] [25] On October 1, 2018, the merger was completed. This merger brings the SuperAmerica convenience stores back to Speedway. [26]
The 140,000 barrel-per-day (bpd) Detroit refinery is one of Marathon's 13 refineries with approximately 2.9 million bpd of crude oil refining capacity. Teamsters also represent workers at Marathon ...
Marathon's Detroit refinery has a crude oil refining capacity of 140,000 barrels per day, processing sweet and heavy sour crude oils into products such as gasoline and distillates.
ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO). The purchase price represents a 14.7% premium to the closing price of ...
Workers at Marathon Petroleum's Detroit refinery have voted to authorize a possible strike. The 273 members of Teamsters Local 283 who work at the refinery voted 95% in favor of strike ...
Acquisitions expanded refining capacity from 72,000 barrels per day (11,400 m 3 /d) to approximately 664,000 barrels per day (105,600 m 3 /d). Prior to its acquisition by Marathon Petroleum in 2018, Tesoro was the third-largest independent petroleum refining and marketing company in the United States. The merger between the two companies formed ...
Marathon Petroleum Corp. is seeking to renew for another 10 years the Texas air permit regulating pollution from much of its large oil refinery dominating the landscape in East-Central El Paso.