BP (BP +0.2%) brought in a combined $5B from the sale of its Texas City and Carson refineries,...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP +0.2%) brought in a combined $5B from the sale of its Texas City and Carson refineries, more than the $4B it initially had expected to get from the properties, but while each deal equaled $2.5B, the price for the actual facilities is far apart. The bulk of the Marathon (MPC +7%) deal is the inventory the facility held; the refinery itself was sold at nearly half the price of Carson.