DENVER BUSINESS JOURNAL — Ohio-based Marathon Petroleum Corp. (NYSE: MPC) is getting even bigger, buying San Antonio-based refining company Andeavor (NYSE: ANDV) in a deal worth more than $23 billion, according to an April 30 announcement.
The combined company's headquarters will be in Findlay, Ohio, but it will maintain an office in San Antonio, according to the two companies' announcement.
As part of the deal, Andeavor CEO Greg Goff will join Marathon Petroleum as executive vice chairman. He and three other Andeavor directors will also join Marathon's board.
The combined company will be the nation's biggest oil refiner, with 16 refineries capable of processing more than 3 million barrels of oil per day — about 16 percent of the nation's refining capacity, according to industry experts.
Read more at the Denver Business Journal: https://bit.ly/2jivWj7
