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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]
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.
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 ...
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 ...
New York City's lawsuit began in April 2021, three weeks after a federal appeals court rejected its lawsuit seeking to hold Exxon, BP, Shell, Chevron and ConocoPhillips liable to pay its costs ...
Aurora Phelps allegedly used online dating apps to lure at least four older men to meet her in person, then drugged them with sedatives and stole their money in a “sinister” romance scheme ...
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.