Making money is a major motive behind Motiva Enterprises, which operates the eastern and southeastern US downstream businesses of Shell Oil and Saudi Aramco. The company operates three refineries with a total capacity of 740,000 barrels a day, and it sells fuel at about 8,300 Shell-branded gas stations. It also has stakes in about 40 refined product storage terminals (almost 20 billion barrels of storage capacity) in the East and Gulf Coast regions. Motiva and sister company Shell Oil Products US, which operates in the West and Midwest, together make up the #1 US gasoline retailer. Motiva is a 50-50 joint venture of Shell and Saudi Aramco, the national oil company of Saudi Arabia.
In addition to its terminals, the company's fuel distribution unit contracts a further 320 petroleum products storage locations. Motiva refines and markets gasoline and other petroleum products in all or part of 26 US states and Washington, DC.
Motiva has spent $7 billion on a massive refinery expansion in Port Arthur, Texas. In 2010 the project erected a 375-foot, 32 story-tall delayed coker unit, the scheme's tallest structure. The overall expansion, completed in 2012, more than doubled the refinery's capacity, from 275,000 barrels per day to 600,000 barrels a day.
The joint venture saw its revenues jump by 38% in 2011 thanks to the higher prices of crude oil and petroleum products.
Motiva was formed in 1998 to combine the eastern and southeastern US refining and marketing businesses of Texaco, Shell Oil, and Saudi Aramco. Texaco and Saudi Aramco each owned 35% of Motiva, and Shell owned 30%. Texaco sold its stakes in Motiva (to Shell and Saudi Aramco) and Equilon (to Shell) to gain regulatory clearance to be acquired by Chevron. In 2002 Shell took full ownership of Equilon, which was renamed Shell Oil Products US. – less