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Marathon Petroleum Corp to Divest Minnesota and North Dakota Refineries & MPLX LP to Divest Related Midstream Assets
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FINDLAY, Ohio, Nov. 3, 2026 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) today jointly announced they have entered into a definitive agreement to divest the St. Paul Park, Minnesota, and Mandan, North Dakota, refineries, inclusive of related midstream assets, to CVR Energy, Inc. (NYSE: CVI). Total purchase price is $4.2 billion, plus inventory value and subject to purchase price adjustments. MPC will receive $3.45 billion for the refining assets, excluding inventory value, and MPLX will receive $750 million for the related midstream assets.

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