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BusinessQuiet 9d · day 10

Icahn's CVR Energy Nears $4 Billion Deal for Marathon Refineries

CVR Energy, controlled by billionaire Carl Icahn, is close to buying refineries from Marathon Petroleum for more than $4 billion.

newest coverage 9d agosummary written 9d ago17 pieces NewswiresMastodonGoogle News

What to know

  • CVR Energy, controlled by Carl Icahn, is near a deal worth more than $4 billion to acquire refineries from Marathon Petroleum.
  • The companies could announce the deal as early as Tuesday morning if negotiations hold.
  • The acquisition comes amid a windfall year for U.S. refiners, driven by reduced global fuel capacity from the Russia-Ukraine war and Middle East conflicts.
  • CVR Energy is the seventh-largest publicly traded U.S. refiner, roughly a twentieth the size of Marathon, Valero, and Phillips 66.

Carl Icahn Controlling shareholder of CVR EnergyBrett Icahn CVR Energy board memberCVR Energy Acquirer, seventh-largest U.S. publicly traded refinerMarathon Petroleum Seller of refineries

Icahn's CVR Energy Nears $4 Billion Deal for Marathon Refineries
Investing.com News

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 13 pieces in 3h at Nov 2, 11 PM; 17 pieces over 10 days (13 articles · 4 posts) Nov 2, 11 PM — 13 pieces · 11 articles · 2 posts — Google News 6, Newswires 5, Mastodon 2Nov 3, 2 AM — 1 piece · 1 post — Mastodon 1Nov 3, 5 AM — 1 piece · 1 article — Newswires 1Nov 3, 8 AM — 1 piece · 1 post — Mastodon 1Nov 3, 11 AM — quietNov 3, 2 PM — 1 piece · 1 article — Google News 1Nov 3, 5 PM — quietNov 3, 8 PM — quietNov 3, 11 PM — quietNov 4, 2 AM — quietNov 4, 5 AM — quietNov 4, 8 AM — quietNov 4, 11 AM — quietNov 4, 2 PM — quietNov 4, 5 PM — quietNov 4, 8 PM — quietNov 4, 11 PM — quietNov 5, 2 AM — quietNov 5, 5 AM — quietNov 5, 8 AM — quietNov 5, 11 AM — quietNov 5, 2 PM — quietNov 5, 5 PM — quietNov 5, 8 PM — quietNov 5, 11 PM — quietNov 6, 2 AM — quietNov 6, 5 AM — quietNov 6, 8 AM — quietNov 6, 11 AM — quietNov 6, 2 PM — quietNov 6, 5 PM — quietNov 6, 8 PM — quietNov 6, 11 PM — quietNov 7, 2 AM — quietNov 7, 5 AM — quietNov 7, 8 AM — quietNov 7, 11 AM — quietNov 7, 2 PM — quietNov 7, 5 PM — quietNov 7, 8 PM — quietNov 7, 11 PM — quietNov 8, 2 AM — quietNov 8, 5 AM — quietNov 8, 8 AM — quietNov 8, 11 AM — quietNov 8, 2 PM — quietNov 8, 5 PM — quietNov 8, 8 PM — quietNov 8, 11 PM — quietNov 9, 2 AM — quietNov 9, 5 AM — quietNov 9, 8 AM — quietNov 9, 11 AM — quietNov 9, 2 PM — quietNov 9, 5 PM — quietNov 9, 8 PM — quietNov 9, 11 PM — quietNov 10, 2 AM — quietNov 10, 5 AM — quietNov 10, 8 AM — quietNov 10, 11 AM — quietNov 10, 2 PM — quietNov 10, 5 PM — quietNov 10, 8 PM — quietNov 10, 11 PM — quietYesterday, 2 AM — quietYesterday, 5 AM — quietYesterday, 8 AM — quietYesterday, 11 AM — quietYesterday, 2 PM — quietYesterday, 5 PM — quietYesterday, 8 PM — quietYesterday, 11 PM — quietToday, 2 AM — quietToday, 5 AM — quietToday, 8 AM — quietToday, 11 AM — quietToday, 2 PM — quietToday, 5 PM — quiet 1–2
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10yesterdaynow · 8:25 PM ET
  1. 2

    Bloomberg and other outlets confirm WSJ scoop

    Bloomberg, Investing.com and Seeking Alpha republished and confirmed the Journal's reporting that Icahn's CVR Energy is near the Marathon refinery acquisition, citing the WSJ as the source.

    • https://www. europesays.com/unitedstates/90 161/ CVR Energy Nears $4 Billion Refinery Deal With Marathon # CarlIcahn # CVREnergy # Energy # Energy &Utilities # EnergyMergers # FuelShortages # MarathonPetroleum # OilIndustry # OilRefineries # RefineryAcquisition # RefiningMargins # utilities # ValeroEnergy

      UnitedStates@pubeurope.comMastodon9d agoview on Mastodon ↗
  2. 1

    WSJ reports CVR Energy nears $4B deal for Marathon refineries

    Citing people familiar with the matter, the Wall Street Journal reported Monday evening that CVR Energy is close to a deal worth more than $4 billion to buy refineries from Marathon Petroleum, with an announcement possible Tuesday morning if talks do not collapse.

    1. 7 outlets first by Seeking Alpha, 9d ago · also Bloomberg, WSJ, WSJ Markets, TradingView, Reuters, Crude Oil Prices Today | OilPrice.com · read ↗

    2. 4 outlets first by Investing.com News, 9d ago · also Bloomberg Markets, Seeking Alpha, Oil & Gas Journal · read ↗

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