ConocoPhillips

ConocoPhillips Announces Split

Separating upstream and downstream operations will make ConocoPhillips the largest independent refiner in the U.S. ConocoPhillips has announced it plans to split its business in two, separating its upstream and downstream operations, the Wall Street Journal reported. The news that the company will separate its refining-and-marketing assets from its energy and power companies sent shares of

Marathon to Divest 166 stores

Marathon Oil Corp. has signed a non-binding Letter of Intent with ACON Investments LLC, NTR Partners LLC and TPG Capital, L.P. to sell most of its Minnesota downstream assets.   The assets include the 74,000 barrel per day St. Paul Park refinery and associated terminal, 166 SuperAmerica convenience stores along with the SuperMom’s Bakery (a

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