Bloomberg
Icahn’s CVR to Buy Marathon Refineries For $4 Billion, WSJ Says
Tuesday, November 3, 2026
CVR Energy, controlled by billionaire investor Carl Icahn, is near a deal to acquire refineries from Marathon Petroleum for more than $4 billion, according to the Wall Street Journal. The transaction has not been finalized or publicly announced by either company. Marathon Petroleum has not commented on the reported negotiations.
Original reporting:
