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The Shell Martinez Refinery in Martinez, California, the first Shell refinery in the United States, supplied Shell and Texaco stations in the West and Midwest [12] until its sale to PBF Energy in 2020. [13] Shell fuel previously included the RU2000 and SU2000 lines (later there was a SU2000E) but they have been superseded by the V-Power line. [14]
Aera is operated as a stand-alone company through its board of managers. In August 2022, IKAV, a European investment company, announced it was buying Aera from Shell and ExxonMobil. [2] [3] In July 2024, California Resources Corporation completed a $2.1 billion, all-stock purchase acquisition of Aera. [4] [5]
Shell was formed in April 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. [ 7 ]
Exxon Mobil Corp has joined Shell Plc in seeking to divest their Aera joint venture, and the duo are in advanced talks with a buyer for the California oil and gas producer, three people with ...
Motiva Enterprises owns and operates the Port Arthur Refinery in Port Arthur, Texas. On 25 May 2012, Motiva officially completed its expansion of the refinery to a capacity of 600,000 bbl/d (95,000 m 3 /d) making it the largest refinery in North America and the fifth largest in the world.
A SPAC is a business with no hard assets or sales — but lots of cash to acquire another company or companies to be named later, after investors have already put down millions of dollars. Niron ...
In 2015, the Delaware City and Paulsboro refineries were processing more than 3,300 and 2,666 barrels per day of crude originating in the Amazon, respectively. [13] The company had 3,165 employees as of 2017 with annual revenue of $21,787 million. [14] In June 2019, PBF agreed to purchase Shell's Martinez, California oil refinery. [15]
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