Western Refining

Western Refining, Inc.

Company type	Subsidiary
Industry	Oil
Founded	1997
Headquarters	El Paso, Texas , USA
Number of locations	3 Oil refineries, 543 retail locations[1]
Area served	United States Mexico
Key people	Jeff A. Stevens (Chief Executive Officer) Paul L. Foster (Chairman of the Board)
Products	Refined products
Production output	Crude oil
Services	Convenience stores Service stations
Revenue	$ 15.2 billion (2014).[2]
Operating income	$ 1.1 billion (2014).[3]
Net income	$ 710.1 million (2014).[4]
Total assets	$ 5.67 billion (2014).[5]
Total equity	$ 2.79 billion (2014).[6]
Number of employees	5,700[7]
Parent	Marathon Petroleum
Subsidiaries	Western Refining Logistics
Website	marathonpetroleum.com

Western Refining, Inc., is a Texas-based Fortune 200^[8] and Global 2000^[9] crude oil refiner and marketer operating primarily in the Southwestern, North-Central and Mid-Atlantic regions of the United States. Western Refining (WNR) has been publicly traded on the New York Stock Exchange since January 2006 and is the fourth largest publicly traded independent refiner and marketer in the nation.^[10]

The company is headquartered in El Paso, Texas;^[11] its refineries are located in El Paso, Gallup, New Mexico, and St. Paul Park, Minnesota. These refineries have a combined crude oil processing capacity of approximately 242,500 barrels per day (38,550 m³/d).^[12] A majority of products produced at these refineries are light products, consisting of gasoline, diesel fuel, and jet fuel. All three refineries have truck loading terminals. The El Paso refinery delivers to a number of other markets via pipeline.^[13]

Western Refining owns and operates a wholesale division that works in conjunction with the refining operations. Through the refineries and these affiliated companies, Western Refining serves a broad customer base in Arizona, California, Colorado, Minnesota, Nevada, New Mexico, western Texas, Utah, Wisconsin, northern Chihuahua, Mexico, and the central East Coast region.^[14]

In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro, renamed to Andeavor, would purchase Western Refining for an estimated enterprise value of $6.4 Billion.^[15] Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission.^[16]

In 2017, Western Refining was acquired by Tesoro (another independent petroleum Refining and marketing corporation) and the combined company changed its name to Andeavor.^[17]

Western is currently a subsidiary of Marathon Petroleum, after Marathon's acquisition of Andeavor in 2018.^[18]