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In January 2015 the US EPA filed a civil lawsuit against Motiva's parent company, Equilon Enterprises, for violations of the Clean Air Act at its many oil refineries, including its Port Arthur facility. The violations included elevated levels of ethanol in gasoline, violations of the gasoline volatility and sulfur standards, violations of the ...
Texaco and Shell Oil, historically competitors in the national and international oil and gasoline markets, formed a joint venture in 1998 called "Equilon" to consolidate their operations in the western United States, which ended competition between the two companies in the domestic refining and marketing of gasoline.
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.
Shell Oil Company was a 50/50 partner with the Saudi Arabian government-owned oil company Saudi Aramco in Motiva Enterprises, a refining and marketing joint venture which owns and operates three oil refineries on the Gulf Coast of the United States. However, Shell is currently divesting its interest in Motiva. [10]
Texaco must sell its Equilon Enterprises and Motiva Enterprises units in order to complete the $39-billion deal. The new company, ChevronTexaco, will have a market value of over $100 billion, assets of $83 billion, net proven reserves of 11.5 billion barrels (1.83 × 10 9 m 3 ) of oil equivalent, and daily production of 2.7 Mbbl (430,000 m 3 ...
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. The jointly owned former Texaco refinery was renamed the Puget Sound Refinery.
Olympic, Equilon and several employees faced a seven-count indictment after the investigation in 2002. The companies pleaded guilty to several of the charges, leading to a $112 million settlement, a record at the time. This was the first conviction against a pipeline company under the 1979 Hazardous Liquid Pipeline Safety Act. [2]
Walmart, the world's largest company by revenue since 2014 [1]. This list comprises the world's largest companies by consolidated revenue, according to the annually ranked Fortune Global 500 published by Fortune magazine, as well as other sources. [2]