Don’t look for big changes right now, including use of the name Andeavor, but it was officially announced today (Oct. 1, 2018) that Marathon Petroleum Corp. (MPC) has closed the transaction in which it acquired all of the outstanding shares of Andeavor, owner of the refinery on the north tip of March’s Point. “This transformative transaction is a significant milestone in our company’s more than 130-year history,” said MPC Chairman and Chief Executive Officer Gary R. Heminger. “MPC is now the leading refining, midstream, and marketing company in the U.S., and is well-positioned for long-term growth and shareholder value creation. We are excited to begin unlocking the extraordinary potential across our new platform, including approximately $1 billion of tangible annual run-rate synergies we expect within the first three years. We look forward to sharing more details around our plans at our upcoming December Investor Day.” Photo of Andeavor Refinery taken from “Welcome to Anacortes” pull-out on Highway 20.
Photos are available for use as prints and online use. Please contact me for pricing.
$12 for 5 X 7 inch archival print, mailing included.
All Photos are © Steve Berentson. All rights reserved.
Browse by Date
Browse by TagAnacortes anthony's arch Baker beach boat bridge cap Cap Sante causland chamber Christmas city Commercial dakota deception pass derby downtown eagle fall ferry festival garden Guemes Island heron Hospital Island lady majestic marina maxwell memorial parade park Port sailboat salvation Santa sante Seafarers shell snow tesoro washington waterfront