BP has been in sustained talks to sell its Texas City refinery to Marathon Petroleum (MPC) for...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP has been in sustained talks to sell its Texas City refinery to Marathon Petroleum (MPC) for as much as $2.5B, FT reports. A sale of the third largest refinery in the U.S. would rid BP of the site of a 2005 explosion that killed 15 people and bring the company closer to its target of $38B in asset disposals by the end of 2013. MPC +3.2% AH.