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Andeavor (ANDV) delivered earnings and revenue surprises of 19.59% and 0.94%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Andeavor (ANDV) expects to invest $100 million in the Mexican project, which is likely to enable the company reduce its import expenses.
Case in point: Marathon Petroleum Corporation (NYSE: MPC) stock is up about 130% over the past two years. MPC it also just made a major acquisition in the refining arena, so it’s time to take a closer look at MPC stock. MPC stock has three divisions: Refining & Marketing, Speedway convenience stores and Midstream Operations.
Marathon Petroleum's (MPC) acquisition of Andeavor is going to create a nationwide refining giant, both in terms of refining capacity and market capitalization.
The merger news has put the spotlight on a number of energy ETFs that could be the best ways for investors to tap the opportunity arising from the MPC-ANDV deal.
The United States has become the world's top fuel exporter, shipping more than 3 million barrels per day (bpd) of gasoline and diesel. Refiners have capitalized on booming output from shale fields in Texas and North Dakota and are building out export terminals and processing facilities. Buying Andeavor gives Marathon more exposure to the booming U.S. shale oil sector, thanks to Andeavor's logistics and terminal operations in Texas and North Dakota shale regions.
The United States has become the world's top fuel exporter, shipping more than 3 million barrels per day (bpd) of gasoline and diesel. Refiners have capitalized on booming output from shale fields in Texas and North Dakota and are building out export terminals and processing facilities. Buying Andeavor gives Marathon more exposure to the booming U.S. shale oil sector, thanks to Andeavor's existing logistics and terminal operations in Texas and North Dakota shale regions.
Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion, forming a company that will leapfrog Valero Energy Corp as the largest independent U.S. refiner by capacity. The cash-and-stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the U.S. light crude produced by a booming shale oil sector.
With drivers beginning to take note of rising prices at the pump, Marathon Petroleum is buying the refiner and pipeline owner Andeavor for more than $23 billion, creating a refiner with an extensive reach ...
Marathon Petroleum Corp. agreed to buy rival Andeavor for $23.3 billion in the biggest-ever deal for an oil refiner that would create the largest independent fuel maker in the U.S. Marathon shares sank as much as 8.9 percent in early trading with analysts at RBC Capital Markets seeing the deal done at “peak refining bullishness.” Andeavor rose as much as 18 percent. Shares of Andeavor, Marathon and other independent refiners have soared to record highs this year.
All oil refiners, big and small, are required to shoulder the burden for mixing ethanol into gasoline, even if they do not possess the blending terminals to do so.
Andeavor (NYSE:ANDV) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Andeavor, formerly Tesoro Corp, is engaged in the refining and retail marketing of refined petroleum ...
San Antonio-based refining company Andeavor is boosting its assets after buying a liquefied natural gas plant in Alaska from oil giant ConocoPhillips. The deal to buy Kenai LNG from ConocoPhillips (COP) closed on Jan. 31. The sale price was not disclosed by mutual agreement.
Apart from boosting the network of assets, the Rangeland II buyout will enhance Andeavor's (ANDV) geographic footprint in the Permian Basin and lead to commercial and financial synergies.