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Which Big Refiner Is Boosting U.S. Capacity?

By Taylor Muckerman – Updated Apr 7, 2017 at 12:30PM

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A deal between two of energy's major players was announced this morning. Marathon Petroleum (MPC -4.32%) will be purchasing a number of Gulf-area assets from BP (BP 0.58%), including a large refinery located in Texas City, Texas. The deal is reportedly worth upwards of $2.5 billion. Watch the video above for analyst Taylor Muckerman's full report on the story.

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Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services recommend Chevron. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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