Andeavor Sale Marathon Petroleum

EXCLUSIVE: Andeavor CEO on company’s $23.3B sale to Marathon Petroleum

Andeavor CEO Greg Goff and his company are embracing the coming switch to Marathon Petroleum Corp., the Ohio-based company that is poised to acquire San Antonio-based Andeavor in a $23.3 billion deal after both companies’ shareholders approved it on Monday.

In an exclusive interview with the Business Journal, Goff said he sees significant synergies between the companies, although the deal’s impact on San Antonio isn’t yet clear. If approved by federal regulators, Marathon Petroleum’s (NYSE: MPC) acquisition of Andeavor (NYSE: ANDV) will create the largest refining company in terms of capacity in the United States — controlling 16 refineries in the U.S. with 3 million barrels per day of throughput capacity, while owning and operating more than 16,000 miles of pipeline and more than 11,000 retail gas stations.

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