“The combination of TETCO’s retail and wholesale operations will make this 7-Eleven’s largest acquisition since the company accelerated its growth plan four years ago,” says Stan Reynolds, 7-Eleven executive vice president and chief financial officer. 7-Eleven signed an agreement to acquire the retail and wholesale assets of TETCO, Inc. The assets include company-operated convenience stores…

“As an established refiner and marketer, Tesoro provides a strong future for the business and for its employees,” says Iain Conn, chief executive of BP’s global refining and marketing business. BP reached an agreement to sell its Carson, Calif., refinery and related logistics and marketing assets to the Tesoro Corporation for $2.5 billion in cash…

Marathon Petroleum Corp.’s pipeline unit MPLX LP filed with U.S. regulators to raise up to $365 million in an initial public offering (IPO), Reuters reported. The limited partnership, recently formed by the refiner to own, operate, develop and acquire pipelines and other midstream assets, plans to list its common units on the New York Stock…