BP (NYSE:BP) to Sell Refinery to Tesoro (NYSE:TSO)

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BP ( BP ) to Sell Refinery to Tesoro ( TSO ) for $2.5-B

Oil giant BP PLC Monday said it has reached agreement to sell its Carson, Calif., refinery and related logistics and marketing assets to Tesoro Corp. for $2.5-B in cash.

The deal will allow BP to focus operations and investments exclusively on its 3 northern US refineries, which are Crude Oil feedstock advantaged, and their large and important marketing businesses.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: BP , TSO

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