CVR Energy to Acquire St. Paul Park Refining and Other Assets for $4.2 Billion
Acquiring Company
CVR Energy
Acquired Company
St. Paul Park Refining
Sugar LandMinnesotaManufacturingEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
On November 2, 2026, CVR Energy, Inc. entered into an agreement to acquire 100% of St. Paul Park Refining Co. LLC and additional assets from Marathon Petroleum Company LP and its affiliates. The acquisition price is set at $4.2 billion, subject to customary closing adjustments. The agreement also includes the assumption of certain environmental liabilities.
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Frequently asked
Who acquired St. Paul Park Refining?
St. Paul Park Refining 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 St. Paul Park Refining?
CVR Energy's acquisition of St. Paul Park Refining was reported on November 3, 2026. On November 2, 2026, CVR Energy, Inc. entered into an agreement to acquire 100% of St. Paul Park Refining Co. LLC and additional assets from Marathon Petroleum Company LP and its affiliates. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does St. Paul Park Refining do?
St. Paul Park Refining Co. LLC operates a refinery that processes crude oil into refined petroleum products. The facility is known for its operational flexibility and efficiency. It is an integral part of the regional refining landscape. It is privately held, operating in Energy, and is based in Minnesota.
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