# Marathon Petroleum completes Andeavor combination

Marathon Petroleum Corp. closed the acquisition of all outstanding shares of Andeavor, with expected annual run-rate synergies of approximately $1 billion within three years.

- Type: Acquisition
- Announced: 2018-11-12
- Where: Findlay, Ohio, United States
- Status: completed
- Products: petroleum refining
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Marathon Petroleum](https://endata.com/companies/19220.md) (acquirer)
- [Andeavor](https://endata.com/companies/19221.md) (target)

## Sources

- [bicmagazine.com](https://www.bicmagazine.com/industry/investment-banking/nov-18-mergers-acquisitions-marketplace/), 2018-11-12: "We are excited to begin unlocking the extraordinary potential across our new platform, including approximately $1 billion of tangible annual run-rate synergies we expect within the first three years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.