Energy Voice | Andeavor, Marathon shareholders approve merger that would create largest refiner

The shareholders of two of the largest U.S. refiners have voted to approve the merger to create the country’s largest oil refiner.

Shareholders of San Antonio-based Andeavor and Findlay, Ohio-based Marathon Petroleum Corp. voted Monday during separate meetings, Andeavor said.

Marathon, which is currently the second largest U.S. refiner, will pay $23.3 billion for Andeavor, which is No. 5. Including debt, the deal is valued at $35.6 billion.

The combined company would make the largest U.S. refiner, surpassing San Antonio-based Valero Energy Corp., and retain the Marathon name.

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