11 refineries
The company has sold or converted 16 plants since 2000 and today operates or has a stake in 11 refineries and 17 petrochemicals plants.
Who owns the BP Texas City refinery?
Marathon Petroleum Corporation
BP has completed the previously announced sale of its Texas City, Texas refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corporation for an estimated $2.4 billion.
Why did the Texas City refinery explode?
On 23 March 2005, an explosion erupted at BP’s Texas City refinery, which resulted in 15 fatalities, 180 injured and $3 billion in damages and legal settlements. The explosion was caused by the overfilling of the raffinate splitter tower and a blowdown drum releasing hot hydrocarbons.
When did marathon buy BP Texas City?
Environmental regulations are complicated and reasonable minds can disagree.” Marathon bought Texas’ third-largest refinery in early 2013 for $2.4 billion from BP, which had acquired the 82-year-old refinery in the beginning of 1999 after merging with Amoco Corp.
Where are BP refineries located?
bp currently operates large, modern refineries in Cherry Point, Washington; Whiting, Indiana; and Toledo, Ohio. They produce a wide range of fuels and lubricants to serve America’s highway, air and rail transportation needs, for home, commercial and institutional heating, and for power generation and use by industry.
Is BP now Marathon?
BP agrees to sell Texas City refinery to Marathon Petroleum Corporation for $2.5 billion, marking second major milestone in strategic refocus of US downstream business. With today’s agreement the total value of the divestments that BP has agreed since the beginning of 2010 is now over $35 billion.
Does Texas have BP gas stations?
bp’s extensive operations in the Lone Star State range from oil and gas production to research and technology development; natural gas, power and natural gas liquids marketing and trading; solar power generation, and shipping.
What happened at the BP Texas City Refinery?
Washington D.C. March 23, 2020 – The US Chemical Safety Board is releasing an updated animation detailing the tragic events which occurred 15 years ago today at the BP America Refinery in Texas City, TX, when a massive hydrocarbon release and ensuing explosion and fire killed 15 and injured 180 others.
What happened to BP’s Carson refineries?
BP announced plans to divest its Carson and Texas City refineries in February 2011 as part of a major strategic refocusing of the company’s global refining portfolio. The Texas City refinery became part of BP with the 1998 merger with Amoco.
How many people work at the Texas City Refinery?
The refinery employs some 2,150 BP staff and contractor numbers can vary between 1,000 and 3,000 each day. Three natural gas liquids pipelines connecting the Texas City Refinery with local suppliers and customers and some out-of-service lines in the Gulf Coast were included in the transaction.
What happened to the BP Deepwater Horizon refinery?
In 2011 BP announced that it was selling the refinery as part of its ongoing divestment plan to pay for ongoing compensation claims and remedial activities following the Deepwater Horizon disaster in 2010. The sale of the refinery was successfully completed at the start of 2013 to Marathon Petroleum Corporation for US$2.5 billion.
