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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. [25] Marathon will acquire all of Andeavor's outstanding shares. [26] [27] On October 1, 2018, the merger was completed. This merger brings the SuperAmerica convenience stores back to Speedway. [28]
The fire was visible from miles away, as the plumes of smoke were rising up hundreds of feet into the air.
Four people were hospitalized Thursday morning following a gas leak at the Marathon Petroleum refinery in Wilmington, according to the Los Angeles Fire Department.
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 Oil plans to cut its long-term debt by about $2.5 billion before the spinoff, while Marathon Petroleum will start life with a cash balance of $750 million and as much as $3 billion in ...
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 ...
The Shell Martinez Refinery, in Martinez, California, has operated continuously since its construction in 1915. The first known US petroleum refiner was Samuel Kier of Pittsburgh, who in the 1850s produced an illuminating oil for miners' lamps. American petroleum refining largely grew out of oil shale refining.