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Andeavor (ANDV.N)

ANDV.N on New York Stock Exchange

144.23USD
16 Aug 2018
Change (% chg)

$-0.87 (-0.60%)
Prev Close
$145.10
Open
$145.85
Day's High
$147.00
Day's Low
$144.13
Volume
360,520
Avg. Vol
477,789
52-wk High
$152.90
52-wk Low
$89.58

Latest Key Developments (Source: Significant Developments)

Marathon Petroleum Announces Additional Executives Leading Combined Co
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. ANNOUNCES ADDITIONAL EXECUTIVES LEADING COMBINED COMPANY AFTER CLOSING ANDEAVOR TRANSACTION.MARATHON PETROLEUM CORP - RAYMOND BROOKS WILL BE EXECUTIVE VICE PRESIDENT OF REFINING.  Full Article

Andeavor Logistics Reports Q2 EPS $0.63 & Announces Acquisition Portfolio Of Logistics Assets From Andeavor For $1.55 Billion
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Andeavor Logistics LP ::REPORTS Q2 EARNINGS PER SHARE $0.63.REG-ANDEAVOR LOGISTICS LP REPORTS RECORD SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.63.Q2 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.NOW EXPECTS TO INVEST $150 MILLION MORE IN GROWTH CAPITAL IN 2018.HAS ACQUIRED A PORTFOLIO OF LOGISTICS ASSETS FROM ANDEAVOR FOR TOTAL CONSIDERATION OF $1,550 MILLION.ANDEAVOR LOGISTICS EXPECTS TO INVEST APPROXIMATELY $100 MILLION IN 2018 AND $50 MILLION IN 2019 OF CAPITAL.ANDEAVOR LOGISTICS - DROP DOWN TRANSACTION APPROVED BY BOARD OF GENERAL PARTNER OF ANDEAVOR LOGISTICS AND BY CONFLICTS COMMITTEE OF BOARD OF DIRECTORS.ANDEAVOR LOGISTICS-DROP DOWN DEAL FUNDED WITH $300 MILLION IN BORROWINGS UNDER CO'S REVOLVING CREDIT FACILITIES,$1.25 BILLION COMMON EQUITY ISSUED TO ANDEAVOR.QTRLY TOTAL REVENUE $557 MILLION VERSUS $607 MILLION.Q2 REVENUE VIEW $512.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Andeavor Reports Q2 Earnings Per Share Of $3.38
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Andeavor ::ANDEAVOR REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $3.38.Q2 EARNINGS PER SHARE VIEW $3.00 -- THOMSON REUTERS I/B/E/S.ASSETS ACQUIRED BY ANDEAVOR LOGISTICS EXPECTED TO GENERATE 2019 ANNUAL NET EARNINGS OF $105 MILLION-$115 MILLION AND EBITDA OF $195 MILLION-$205 MILLION.ANDEAVOR LOGISTICS AGREED TO BUY PORTFOLIO OF LOGISTICS ASSETS FROM CO FOR $1,550 MILLION.RECEIVED $1.25 BILLION IN ANDEAVOR LOGISTICS COMMON UNITS AND $300 MILLION IN CASH FOR DROP DOWN OF LOGISTICS ASSETS.QTRLY REVENUE $12.5 MILLION VERSUS $7.8 MILLION.Q2 REVENUE VIEW $11.99 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Andeavor Says Begins Production Unit Shutdown at Martinez, Calif. Refinery
Thursday, 5 Jul 2018 

July 5 (Reuters) - ANDEAVOR ::ANDEAVOR SAYS IT BEGAN SHUTDOWN PROCESS OF A PRODUCTION UNIT ON THURSDAY AT ITS MARTINEZ, CALIFORNIA REFINERY.  Full Article

Marathon, Andeavor Don't Expect Divestitures For Deal Approval - Conf Call
Monday, 30 Apr 2018 

April 30 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP PLANS TO LEVERAGE SPEEDWAY'S RETAIL PRESENCE ACROSS THE COUNTRY TO HELP PROFITABILITY - CONF CALL.MARATHON PETROLEUM - EXPANDED PERMIAN PRESENCE PROVIDES FOR FUTURE GROWTH OPPORTUNITIES - CONF CALL.MARATHON PETROLEUM - COMBINED COMPANY WELL POSITIONED FOR CRUDE PRICE DIFFERENTIALS, SULPHUR REGULATIONS - CONF CALL. MARATHON PETROLEUM CEO - "WE WON'T BE STOPPING ANYTHING THAT WE ACCOMPLISHED" DUE TO MERGER- CONF CALL.MARATHON PETROLEUM - MLPS WON'T COME TOGETHER FOR SOME TIME, THAT'S A DAY 2 ISSUE - CONF CALL.ANDEAVOR <<>> CEO SAYS PROCESS FOR DEAL APPROVAL SHOULDN'T BE UNUSUAL- CONF CALL.ANDEAVOR CEO - WE DO NOT SEE ANYTHING TODAY THAT DOESN'T FIT IN THE COMPANY - CONF CALL.ANDEAVOR CEO - WILL HELP THE COMPANY MOVE FORWARD IN TECHNOLOGY- CONF CALL.MARATHON PETROLEUM - LOOKING AT OTHER OPPORTUNITIES TO TRANSFER CRUDE INTO THE GALVESTONE AREA - CONF CALL.ANDEAVOR - ANDEAVOR'S RETAIL BUSINESS GETS STRENGTH FROM SPEEDWAY BUSINESS - CONF CALL.  Full Article

Marathon Petroleum Says If Deal Is Terminated Andeavor Pay Co A Termination Fee Of $600 Mln In Cash
Monday, 30 Apr 2018 

April 30 (Reuters) - Andeavor ::MARATHON PETROLEUM SAYS IF DEAL IS TERMINATED UNDER CERTAIN CONDITIONS, ANDEAVOR WILL BE OBLIGATED TO PAY CO A TERMINATION FEE OF $600 MILLION IN CASH.MARATHON PETROLEUM SAYS IF DEAL TERMINATED UNDER CERTAIN CONDITIONS, CO TO PAY ANDEAVOR A REVERSE TERMINATION FEE OF $800 MILLION IN CASH .  Full Article

Marathon Petroleum Corp Reports Q1 Earnings Per Share $0.08
Monday, 30 Apr 2018 

April 30 (Reuters) - Marathon Petroleum Corp ::Marathon Petroleum Corp. REPORTS FIRST-QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.08.Q1 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES AND OTHER INCOME $18,984 MILLION VERSUS $16,393 MILLION.  Full Article

Marathon Petroleum And Andeavor Combination To Create Leading U.S. Refining, Marketing, And Midstream Co
Monday, 30 Apr 2018 

April 30 (Reuters) - Marathon Petroleum Corp ::MARATHON PETROLEUM CORP. AND ANDEAVOR COMBINATION TO CREATE LEADING U.S. REFINING, MARKETING, AND MIDSTREAM COMPANY.MARATHON PETROLEUM CORP - DEAL FOR TOTAL ENTERPRISE VALUE OF $35.6 BILLION.MARATHON PETROLEUM CORP - DEAL FOR TOTAL EQUITY VALUE OF $23.3 BILLION.MARATHON PETROLEUM CORP - ANDV SHAREHOLDERS WILL HAVE OPTION TO CHOOSE 1.87 SHARES OF MPC STOCK, OR $152.27 IN CASH.MARATHON PETROLEUM CORP - STOCK PORTION OF CONSIDERATION RECEIVED BY ANDEAVOR'S SHAREHOLDERS IS EXPECTED TO BE TAX-FREE..MARATHON PETROLEUM - EXPECT ≥ $1 BILLION TANGIBLE COST, OPERATING SYNERGIES FROM DEAL, DRIVING SUBSTANTIAL LONG-TERM EARNINGS, CASH FLOW/SHARE ACCRETION.MARATHON PETROLEUM - AT CLOSING, GREG GOFF, ANDV CHAIRMAN AND CEO, WILL JOIN MPC AS EXECUTIVE VICE CHAIRMAN.MARATHON PETROLEUM - DEAL TO BE IMMEDIATELY ACCRETIVE TO EARNINGS AND CASH FLOW PER SHARE.MARATHON PETROLEUM CORP - MPC'S BOARD APPROVED AN INCREMENTAL $5 BILLION OF REPURCHASE AUTHORIZATION.MARATHON PETROLEUM CORP - PLANS TO MAINTAIN CURRENT CAPITAL ALLOCATION STRATEGIES, INCLUDING CONTINUED DIVIDEND GROWTH.MARATHON PETROLEUM - MPC AND ANDV SHAREHOLDERS WILL OWN ABOUT 66 PERCENT AND 34 PERCENT OF COMBINED COMPANY, RESPECTIVELY.MARATHON PETROLEUM CORP - BELIEVES INCREMENTAL CASH GENERATED BY TRANSACTION WILL EXCEED $5 BILLION OVER FIRST FIVE YEARS.  Full Article

Marathon Petroleum To Buy Andeavor For More Than $20 Bln - WSJ
Monday, 30 Apr 2018 

April 29 (Reuters) - :MARATHON PETROLEUM TO BUY ANDEAVOR FOR MORE THAN $20 BILLION - WSJ, CITING SOURCES.MARATHON PETROLEUM-ANDEAVOR DEAL VALUES ANDEAVOR AT ABOUT $150 A SHARE IN STOCK AND CASH - WSJ.  Full Article

Rangeland Energy To Sell Rangeland Energy To Andeavor
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Andeavor ::PRESS RELEASE - RANGELAND ENERGY TO SELL RANGELAND ENERGY II, LLC TO ANDEAVOR.RANGELAND ENERGY TO SELL RANGELAND ENERGY II, LLC TO ANDEAVOR.RANGELAND ENERGY - CO, ENCAP FLATROCK MIDSTREAM ENTERED DEAL TO SELL RANGELAND ENERGY II TO TESORO REFINING & MARKETING FOR AN UNDISCLOSED AMOUNT​.RANGELAND ENERGY - CO, ENCAP FLATROCK MIDSTREAM TO SELL RANGELAND ENERGY II TO TESORO REFINING & MARKETING IN ALL CASH TRANSACTION.  Full Article

Power and energy tops M&A scoreboard in H1 in clean energy drive -data

LONDON, July 3 A historic peak in global mergers and acquisitions in the first half of 2018 has seen the energy and power sector retain its lead as the biggest contributor, with the value of deals increasing by 62 percent, Thomson Reuters data showed.