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

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.
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  • huskers123
    , contributor
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    Steal of the Century.
    11 Oct 2012, 08:53 PM Reply Like
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