Marathon Petroleum posts adjusted loss after announcing Speedway sale

U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after it announced the sale of its Speedway gas stations to Japan’s Seven & I for $21 billion, which is expected to ease the refiner’s debt burden. Source: Industry Insights


Marathon Petroleum posts quarterly loss after announcing Speedway sale

U.S. oil refiner Marathon Petroleum Corp on Monday reported a quarterly adjusted loss and said will idle its Gallup and Martinez refineries indefinitely as coronavirus-led lockdown measures dampened demand for its products. Source: Industry Insights


Marathon Petroleum To Sell Speedway To 7-Eleven For $21 Bln In Cash

(RTTNews) – Marathon Petroleum Corp. (MPC) said Sunday that it agreed to sell its convenience store and gas station chain Speedway to 7-Eleven Inc., a subsidiary of Japan’s Seven & i Holdings Co, for $21 billion in cash. Source: Industry Insights