Acquiring Company
MPLX
Acquired Company
St. Paul Park and Mandan refineries
FindlayOil And GasSupply Chain ManagementLogisticsEnergyOil And GasEventsDescription
Marathon Petroleum agreed to divest its St. Paul Park and Mandan refineries and related midstream assets for USD 4.2 billion, with Marathon expecting to receive USD 3.45 billion and MPLX USD 750 million. The transaction is expected to close at the end of 2026. The sale was announced alongside a third-quarter earnings rebound driven by stronger refining margins.
Who to call at MPLX, and when
When MPLX changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired St. Paul Park and Mandan refineries?
St. Paul Park and Mandan refineries was acquired by MPLX. The deal was reported on November 3, 2026. MPLX is a midstream logistics company that is expected to receive USD 750 million for the associated logistics assets in the planned sale. MPLX is privately held and operates in Oil And Gas.
When did MPLX acquire St. Paul Park and Mandan refineries?
MPLX's acquisition of St. Paul Park and Mandan refineries was reported on November 3, 2026. Marathon Petroleum agreed to divest its St. Paul Park and Mandan refineries and related midstream assets for USD 4.2 billion, with Marathon expecting to receive USD 3.45 billion and MPLX USD 750 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does St. Paul Park and Mandan refineries do?
The St. Paul Park and Mandan refineries are two Upper Midwest refining sites owned by Marathon Petroleum, together with related midstream assets. Marathon Petroleum agreed to divest them for USD 4.2 billion. It is publicly traded (MPC), operating in Energy, and is based in Findlay.
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