Scott Dean, a BP spokesman said the company has about 1, employees at the refinery and related businesses. He did not know how many workers might be affected at the gas stations, which are independently owned. BP is also selling its Arco brand rights and will exclusively license those rights from Tesoro for northern California, Oregon and Washington and will continue to produce transportation fuels at its Cherry Point, Wash. Last year, BP announced last year that it was going to divest its West Coast and Texas City operations to concentrate on its northern U.
Contact the writer: or mmilbourn ocregister. The deal is expected to close before the middle of next year. The company is also upgrading the Cherry Point Refinery to produce cleaner burning diesel fuel and investing in a cleaner gasoline project at its joint-venture refinery near Toledo, Ohio.
BP has invested more in the United States over the last five years than any other oil and gas company. The company is the second largest producer of oil and gas in the US, a major oil refiner and a leader in alternative energy sources including wind power and biofuels. BP provides enough energy each year to light the entire country.
With 23, US employees, BP supports nearly a quarter of a million domestic jobs through its business activities. For more information visit www. This release contains certain forward-looking statements, including statements on the expected timing of completion of BP's disposal of its Carson refinery and related logistics and marketing assets in the U. Southwest; the intended sale of the Texas City refinery; upgrades of its Whiting, Cherry Point and Toledo refineries; BP's divestment program and other statements which are generally, but not always, identified by the use of words such as 'want', 'intended to', 'expected to', and similar expressions.
Forward-looking statements involve risks and uncertainties because they depend on circumstances that will or may occur in the future. Actual results may differ materially from those expressed in such statements, depending on a variety of factors, including general economic conditions; the actions of regulators and other factors discussed in BP's Second Quarter Results SEC File No.
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Inflation is at a year high. But these Mad Money megatrends could help you fight back. Luminar founder and CEO Austin Russell says the blistering start of trading for electric truck maker Rivian reveals something important. The company crushed Wall Street's estimates on Monday, and many analysts praised the performance the next day.
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