Tags: Chevron | Exxon | Valero | strategic petroleum reserve | SPR | Energy Department

Chevron, Exxon, Valero, Others Win Bids for U.S. SPR Oil: Energy Dept.

Exxon
(AP)

Monday, 13 September 2021 08:58 AM EDT

U.S. Department of Energy has awarded contracts to eight companies for crude oil from a previously announced Strategic Petroleum Reserve sale of up to 20 million barrels, the department said.

Contracts went to Atlantic Trading & Marketing Inc; Chevron USA; ExxonMobil Oil Corpn; Marathon Petroleum Supply and Trading; Motiva Enterprises; Phillips 66 Co; Unipec America Inc; and Valero Marketing and Supply Co, the department said in statement dated Sept. 10 that appeared online on Monday.

The department had announced the call for bids Aug. 23 to comply with recent legislation mandating the sale from the nation's emergency oil reserve. Deliveries of the oil are expected from Oct. 1 to Dec. 15.

The sale comes as oil prices are at a one-week high amid U.S. supply concerns over storm damage from Hurricane Ida and the ongoing impact from COVID-19.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. Department of Energy has awarded contracts to eight companies for crude oil from a previously announced Strategic Petroleum Reserve sale of up to 20 million barrels, the department said.
Chevron, Exxon, Valero, strategic petroleum reserve, SPR, Energy Department
138
2021-58-13
Monday, 13 September 2021 08:58 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved