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CVR Energy, Inc. is a diversified holding company engaged in renewable fuels, petroleum refining, and nitrogen fertilizer manufacturing through its subsidiary, CVR Partners, LP. The company operates in two segments: Petroleum, which refines and markets gasoline and diesel from refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma; and Nitrogen Fertilizers, producing urea, ammonium nitrate, and ammonia from facilities in Coffeyville and East Dubuque, Illinois.
CVR Energy, Inc. operates as a diversified holding company focused on renewable fuels and petroleum refining, alongside nitrogen fertilizer manufacturing through its subsidiary, CVR Partners, LP. The company has two main segments: Petroleum, which refines and markets gasoline and diesel from its refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma; and Nitrogen Fertilizers, producing urea, ammonium nitrate, and ammonia from facilities in Coffeyville and East Dubuque, Illinois.
Icahn Enterprises LP is reducing its dividend payout by half, from $1 to $0.50 per depositary unit for the third quarter, as part of a strategy to increase its stake in CVR Energy Inc. The firm aims to raise its ownership in CVR Energy to approximately 81%, up from 66%.
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