CVR Energy to acquire Midcontinent refineries from Marathon Petroleum in $4.2-billion deal

Oil & Gas Journal · 2026-11-03 00:00 UTC

The acquisition is expected to increase CVR Energy’s crude throughput capacity to about 384,000 b/d and generate about $70 million in annual run-rate synergies.

Key Highlights

- The transaction includes MPC’s 105,000-b/d St. Paul Park refinery and 72,000-b/d Mandan refinery, plus associated logistics assets and fuels marketing operations.

- MPC will receive $3.45 billion for refining and marketing assets, while MPLX will receive $750 million for midstream assets.

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