Mergers & AcquisitionsMedium•3 November 2026•
1 min read
CVR Energy Nears $4B Deal to Acquire Marathon Petroleum Refineries
Key Facts
1Carl Icahn's CVR Energy is nearing a deal worth over $4 billion to acquire refineries from Marathon Petroleum.
2The deal comes as global conflicts have boosted sales for U.S. refiners.
Carl Icahn's CVR Energy is nearing a deal worth over $4 billion to acquire refineries from Marathon Petroleum. The Wall Street Journal reported that the acquisition talks come as global conflicts have boosted sales for U.S. refiners, driven by shifts in international energy demand.
CVI closed at $55.92 on November 2, 2026, after reaching a day high of $58.69 and a low of $55.74 during the session. The potential expansion of CVR Energy's refining footprint aligns with a period of continued growth in the domestic energy sector.