Announced
Completed
Financials
Tags
United States
Oil Equipment and Services
oil refinery
Private
Pending
Acquisition
Single Bidder
Friendly
Synopsis
Chevron, an American multinational energy corporation, completed the acquisition of Pasadena Refinery System, which includes the refinery in Texas, from Petrobras, a semi-public Brazilian multinational corporation in the petroleum industry, for $350m. “This expansion of our Gulf Coast refining system enables Chevron to process more domestic light crude, supply a portion of our retail market in Texas and Louisiana with Chevron-produced products, and realize synergies through coordination with our refinery in Pascagoula,” Pierre Breber, Chevron Executive Vice President.
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