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CVR Energy to buy Marathon's 2 refineries

PUBLIC · CVINov 03, 2026

Acquiring Company

CVR Energy

Acquired Company

Marathon Petroleum

Sugar LandFindlayManufacturingEnergyOil And GasRenewable EnergyEnergyOil And GasEvents

Description

CVR Energy has entered into a definitive agreement with subsidiaries of Marathon Petroleum to acquire the St. Paul Park, Minnesota and Mandan, North Dakota refineries. The deal also includes Marathon's related marketing business. The total purchase price is approximately $4.2 billion.

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Company Information

Company

CVR Energy

Location

Sugar Land, Texas, United States

About

CVR Energy is a diversified holding company headquartered in Sugar Land, Texas, operating across renewable fuels, petroleum refining and marketing, and nitrogen fertilizer manufacturing through its interest in CVR Partners, LP, with a mission to be a top-tier North American energy and fertilizer company driven by safe, reliable operations, strong financial performance, and profitable growth, employing approximately 1,430 people and publicly traded on the New York Stock Exchange under the symbol CVI.

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Frequently asked

Who acquired Marathon Petroleum?

Marathon Petroleum was acquired by CVR Energy, based in Sugar Land. The deal was reported on November 3, 2026. CVR Energy is publicly traded (CVI) and operates in Manufacturing.

When did CVR Energy acquire Marathon Petroleum?

CVR Energy's acquisition of Marathon Petroleum was reported on November 3, 2026. CVR Energy has entered into a definitive agreement with subsidiaries of Marathon Petroleum to acquire the St. Paul Park, Minnesota and Mandan, North Dakota refineries. The deal also includes Marathon's related marketing business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Marathon Petroleum do?

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. It is publicly traded (MPC), operating in Energy, and is based in Findlay.

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