IHS Chemical Week

People & Business :: Companies

BP sells Texas City refinery to Marathon for $2.5 billion

3:15 PM MDT | October 8, 2012 | Kara Sissell

BP says it plans to sell its Texas City, TX refinery and part of its retail and logistics network to Marathon Petroleum for $2.5 billion. BP in 2011 announced plans to divest the 475,000 bbls/day refinery—which employs about 2,150 staff as well as 1,000-3,000 contractors/day—as part of BP’s effort to realign its refining portfolio. The agreement with Marathon does not include BP’s Texas City petrochemicals complex adjacent to the refinery, but the petrochemicals plant will continue to have long-term commercial arrangements with the Texas...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis from the entire global chemical enterprise on chemweek.com
  • Mobile edition of Chemical Week
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional focus
  • Global outlook issue




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa