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Motiva Enterprises, LLC is an American company that operates as a wholly owned US subsidiary of Saudi Aramco. Headquartered in Houston , Texas , it had revenue of $37 Billion. [ 5 ] Motiva operates as a distributor of Shell and 76 branded gasolines within its operating territory.
In 1997, Shell and Texaco entered into two refining/marketing joint ventures. One combined their Midwestern and Western operations and was known as Equilon. The other, known as Motiva Enterprises, combined the Eastern and Gulf Coast operations of Shell Oil and Star Enterprise, itself a joint venture between Saudi Aramco and Texaco. [5]
Shortly thereafter Chevron's interest in this refinery (and two others) was sold to Shell on February 13, 2002. This new joint venture was called Motiva Enterprises LLC. Until 2017, the Motiva Port Arthur Refinery was a joint venture with a 50% ownership between Shell Oil Products US and Saudi Refining Inc. Shell Oil Products is part of Royal ...
Vertex Energy (VTNR) inked a deal to acquire Mobile Chemical LP Refinery from Equilon Enterprises for $75 million. Shares of the leading specialty refinery company jumped 151% in the extended ...
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Shell and Texaco combined their refining and marketing operations, assets valued at $17 billion, in 1997. [6] The joint business was known as Equilon. Antitrust litigation accepted the deal under the condition that Shell sell its current refinery, located directly north of (adjacent to) the newly-acquired Equilon refinery.
Wood River Refinery was originally built by Shell in 1917. In the late 1990s, Shell and Texaco merged their downstream segments to form the Motiva (with Saudi national oil company Saudi Aramco) and Equilon joint ventures. During a prolonged period of low refining profit margins, Equilon sold the refinery to Tosco in 2003. Shortly thereafter ...