Tesoro is seeking a buyer for it’s 94,000bpd Kapolei refinery and the retail stores in Hawaii. ConocoPhillips sold it’s licensing business to Bechtel. Marathon Oil spun off it’s downstream business. Sunoco properties are for sale.
Check out this informative article “The Future of Refiners Foretold.” From a refining economics perspective, Brad Zigler gives his opinion on why refining is on the chopping block.