Marathon Petroleum to Sell Gas-Station Chain to 7-Eleven Owners for $21 Billion

Fuel maker Marathon Petroleum Corp. said it has agreed to sell its gas stations to the owners of the 7-Eleven convenience store chain for $21 billion in the largest U.S. energy-related deal of the year.

The all-cash agreement with 7-Eleven Inc. comes less than a year after Marathon agreed to spin off its convenience-store chain, known as Speedway, under pressure from activist investors including Elliott Management Corp.

If that means The Big Gulp is coming to Marathon...then good news. You do know that several states don't even have 7-11s...Alabama is one of them.

probably many more 7-elevens. electric charging shld be an option

Elliott wants them to spin midstream next, so $MPC will be pure play crack exposure. Good luck with that. $MPC was foolish to put on so much debt buying Andeavor, but survival over the next 20 years is going to be about size and integration - Oil is a declining industry.

I love the smell of gas wars in the morning...

Woah!

Joe Biden says that you “cannot go to a 7-Eleven [...] unless you have a slight Indian accent.”

this deal is an absolute steal. what a crazy thing to happen on a random sunday night. 7-11 gonna fucking pop tomorrow.

LOL anyone believing this was an energy deal.

Wow

Only the very rich will survive this pandemic.

Why isn’t she in jail

Retail energy business getting less and less fragmented

Who owns 7 Eleven

Every time I read these stories I think of the many employees. How this will effect them, whether or not they will close locations, the friends they've made and all the other stories that come with our various jobs. I've been the victim of several unannounced store closures. bad

MPC calls at open the stonk is going to record highs

wow so damn rich the seven eleven corporation that is in HK.

Free slurpee with every fill up.

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