The largest planned spin-off in the energy sector of the downstream assets of ConocoPhillips Corp. (NYSE: COP), explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids.
Marathon Oil Corp. (NYSE: MRO), an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas, and refining, marketing and transportation, spun out its downstream business into Marathon Petroleum Corp. (NYSE: MPC), a petroleum product refiners, transporters and marketers in the United States.
Tesoro Corp. (NYSE: TSO), an independent petroleum refiners and marketers in the United States, has spun off its logistics and gathering assets into Tesoro Logistics LP (NYSE: TLLP), own, operate, develop and acquire crude oil and refined products logistics assets.
BP plc (NYSE: BP) should shed its downstream assets in an attempt to put the proper value on all of BP’s assets. Exxon Mobil Corp. (NYSE: XOM) recently unloaded an 88,000 barrel/day refinery in Malaysia. Chevron Corp. (NYSE: CVX) has said that it definitely has no plans to split up its businesses.
Chesapeake Energy Corp. (NYSE: CHK), a producer of natural gas and oil and natural gas liquids in the United States has proposed plans to spin off a royalty trust to be called Chesapeake Granite Wash Trust.
El Paso Corp. (NYSE: EP), operates in the natural gas transmission and exploration and production sectors of the energy industry plans to spin off its exploration and production assets while maintaining its midstream business.Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
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