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Issue 10 2018 - Marathon Petroleum announces the acquisition of Andeavor

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Marathon Petroleum Corporation (MPC) and Andeavor announced that Marathon Oil will spend $23.
3 billion to acquire Andeavor
to create a new refining business
.
The combined refining company will have the capacity
to process more than 3 million barrels of crude oil per day.
The transaction is expected to pass regulatory review and close
in the second half of this year.

Gary R.
Heminger, CEO of Marathon Crude Oil, said, "This transaction combines two strong, complementary companies to create a leading U.
S.
refining, marketing and midstream business
.
”

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