StocksMedium•3 November 2026•
1 min read
Marathon Petroleum Beats Estimates, Sells Refineries to CVR Energy
Key Facts
1Marathon Petroleum reported quarterly results that beat analyst estimates.
2Marathon Petroleum agreed to sell two refineries to CVR Energy.
Marathon Petroleum reported quarterly results that beat analyst estimates, Reuters reported. The company also confirmed it has agreed to sell two oil refineries to CVR Energy as part of a strategic effort to optimize its asset portfolio.
The stock of CVR Energy, trading under the ticker CVI, closed at $55.92 on November 2, 2026, after reaching a day high of $58.69 and a low of $55.74. This divestiture provides strategic clarity for Marathon Petroleum following its strong operational performance during the quarter.