Marathon Oil is being acquired by ConocoPhillips in an all-stock transaction this week.
The announcement says that the sale will have a value of $22.5 billion. The transaction is expected to close at the end of the year, but still needs federal and stockholder approval. Reports out of Robinson, home of the Marathon-Ashland refinery, by officials there indicate that the sale will not affect operations at the facility. That is because the refinery is part of a separate company. Marathon Petroleum Corporation controls refining, marketing and other downstream operations. It was formed out of Marathon Oil as a separate, independent, publicly traded company back in 2011
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