Western Refining

Western Refining, Inc.
Company typeSubsidiary
IndustryOil
Founded1997
Headquarters
El Paso, Texas
,
USA
Number of locations
3 Oil refineries, 543 retail locations[1]
Area served
United States
Mexico
Key people
Jeff A. Stevens (Chief Executive Officer)
Paul L. Foster (Chairman of the Board)
ProductsRefined products
Production output
Crude oil
ServicesConvenience stores
Service stations
RevenueIncrease $ 15.2 billion (2014).[2]
Increase $ 1.1 billion (2014).[3]
Increase $ 710.1 million (2014).[4]
Total assetsIncrease $ 5.67 billion (2014).[5]
Total equityIncrease $ 2.79 billion (2014).[6]
Number of employees
5,700[7]
ParentMarathon Petroleum
SubsidiariesWestern Refining Logistics
Websitemarathonpetroleum.com

Western Refining, Inc., is a Texas-based Fortune 200[8] and Global 2000[9] crude oil refiner and marketer operating primarily in the Southwestern, North-Central and Mid-Atlantic regions of the United States. Western Refining (WNR) has been publicly traded on the New York Stock Exchange since January 2006 and is the fourth largest publicly traded independent refiner and marketer in the nation.[10]

The company is headquartered in El Paso, Texas;[11] its refineries are located in El Paso, Gallup, New Mexico, and St. Paul Park, Minnesota. These refineries have a combined crude oil processing capacity of approximately 242,500 barrels per day (38,550 m3/d).[12] A majority of products produced at these refineries are light products, consisting of gasoline, diesel fuel, and jet fuel. All three refineries have truck loading terminals. The El Paso refinery delivers to a number of other markets via pipeline.[13]

Western Refining owns and operates a wholesale division that works in conjunction with the refining operations. Through the refineries and these affiliated companies, Western Refining serves a broad customer base in Arizona, California, Colorado, Minnesota, Nevada, New Mexico, western Texas, Utah, Wisconsin, northern Chihuahua, Mexico, and the central East Coast region.[14]

In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro, renamed to Andeavor, would purchase Western Refining for an estimated enterprise value of $6.4 Billion.[15] Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission.[16]

In 2017, Western Refining was acquired by Tesoro (another independent petroleum Refining and marketing corporation) and the combined company changed its name to Andeavor.[17]

Western is currently a subsidiary of Marathon Petroleum, after Marathon's acquisition of Andeavor in 2018.[18]

  1. ^ "Western Refineries". Western Refininf. Retrieved 2016-04-04.
  2. ^ "Western Refining Reports Fourth Quarter and Full Year 2014 Results". 2015-02-27. Retrieved 2015-02-27.
  3. ^ "Western Refining Reports Fourth Quarter and Full Year 2014 Results". 2015-02-27. Retrieved 2015-02-27.
  4. ^ "Western Refining Reports Fourth Quarter and Full Year 2014 Results". 2015-02-27. Retrieved 2015-02-27.
  5. ^ "Western Refining Reports Fourth Quarter and Full Year 2014 Results". 2015-02-27. Retrieved 2015-02-27.
  6. ^ "Western Refining Reports Fourth Quarter and Full Year 2014 Results". 2015-02-27. Retrieved 2015-02-27.
  7. ^ "The World's Biggest Public Companies". Forbes.
  8. ^ "Fortune 500 2015: Fortune 500 Companies 151-200". CNN.
  9. ^ "The World's Biggest Public Companies". Forbes.
  10. ^ "Western Refining Press Release – Western Refining". Retrieved 2013-06-26.
  11. ^ "The World's Biggest Public Companies". Forbes.
  12. ^ "Hoovers company information – Hoovers". Retrieved 2013-02-26.
  13. ^ "Western Refining Supply Areas – El Paso Times". Archived from the original on 2018-12-30. Retrieved 2013-03-26.
  14. ^ "Western Refining Products and Services – wnr.com". Retrieved 2013-06-26.
  15. ^ "Oil and Gas Journal".
  16. ^ "Tesoro, Western Refining stockholders approve $6.4 billion merger & acquisition deal". San Antonio Business Journal. Retrieved 28 March 2017.
  17. ^ "Tesoro completes $5.8 billion purchase of Western Refining". El Paso Times. 2 June 2017.
  18. ^ "Marathon Petroleum Corp. and Andeavor Combination to Create Leading U.S. Refining, Marketing, and Midstream Company". Marathon Petroleum. 30 April 2018.