BP to sell Texan refinery to Marathon Petroleum

Oil titan BP is to offload its Texas refinery and associated assets to American peer Marathon Petroleum Corporation for a total of 2.5bn dollars, as it continues to reposition its business in the US.

Oil titan BP is to offload its Texas refinery and associated assets to American peer Marathon Petroleum Corporation for a total of 2.5bn dollars, as it continues to reposition its business in the US.

BP said on Monday afternoon that it has reached an agreement with Marathon for the sale, which includes the 475,000-barrels-per-day refinery and a portion of retail and logistics network in the south-east of America.

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