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CVR ENERGY, INC., also called CVR Energy, is a holding company, which engages in the provision of petroleum refining and marketing business through its subsidiaries, CVR Refining, LP and CVR Partners, LP. It operates through the following segments: Petroleum and Nitrogen Fertilizer. Read More The Petroleum segment is operated the refining partnership of the company. The company was founded in September 1906 and is headquartered in Sugar Land, TX.
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Icahn-Backed Oil Refiner CVR Energy Considers Options
(Bloomberg) -- CVR Energy Inc. is considering options including putting itself up for sale, seven years after billionaire investor Carl Icahn took control of the U.S. oil refiner. The Sugar Land, Texas-based company said in a statement Tuesday that it has retained Bank of America Merrill Lynch as a financial adviser. It also inked a deal to sell its 1.5 million-barrel storage terminal and related assets in north-central Oklahoma to Plains All American Pipeline LP for about $36 million. CVR’s refining unit...
Yahoo FinanceMay 22
Why These Stocks Are On The Move
It's Wednesday morning and traders are talking about the potential for the Fed to cuts rates if inflation dissapoints and also the AmCham China chairman Tim Stratford's comments that some of its members are worried about China's response to the U.S. adding Huawei to its 'entity list', which hurts the tech company's ability to do various business with American companies.
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