Marathon Petroleum to purchase Andeavor

摘要

Marathon Petroleum will acquire US independent refner An- deavor, creating the largest US independent refning, pipeline and retail company with assets in every US region. The proposed $23bn transaction would expand Marathon Petroleum beyond its midcontinent and US Gulf coast con- centration into the west, where Andeavor has built a tightly integrated business down the US west coast and in the Rocky mountains. The purchase adds midstream infrastructure in the Permian basin and western US to a Marathon Petroleum portfolio that connects the US Gulf coast to the upper midcon- tinent, combining two companies that have worked to control every stage of the fow from oil felds to cars and trucks at retail stations.