Marathon Petroleum and MPLX LP to Divest Refineries and Midstream Assets to CVR Energy

Marathon Petroleum and MPLX LP agreed to sell two refineries in Minnesota and North Dakota, along with associated midstream assets, to CVR Energy for $4.2 billion. The companies said the divestiture supports portfolio optimization, with proceeds intended for reinvestment, particularly in the Gulf Coast region. The transaction is expected to close by the end of 2026.