CVR Energy Inc (CVI)

Overview

CVR Energy, Inc., a subsidiary of Icahn Enterprises L.P., is a diversified company involved in the petroleum refining and marketing, as well as nitrogen fertilizer manufacturing sectors in the United States. Established in 1906 and headquartered in Sugar Land, Texas, CVR Energy operates through two main segments: Petroleum and Nitrogen Fertilizer. The Petroleum segment is focused on refining and supplying a variety of petroleum products, including gasoline, crude oil, distillates, and diesel fuel, while its Nitrogen Fertilizer segment is engaged in the production of nitrogen fertilizer products using a pet coke gasification process and other methods. The company's commitment to serving a broad range of customers, from retailers and farm cooperatives to railroads and other refiners/marketers, demonstrates its integral role in the energy and agricultural sectors.

Products and Services

• Petroleum Products

  This category encompasses a wide range of refined products such as gasoline, crude oil, distillate, and diesel fuel. CVR Energy's petroleum segment operates a coking medium-sour crude oil refinery in southeast Kansas, alongside a crude oil refinery in Wynnewood, Oklahoma. Additionally, it manages supporting logistics assets, aimed at efficiently serving its diverse clientele, which includes retailers, railroads, farm cooperatives, and other refiners/marketers.

• Nitrogen Fertilizers

  CVR Energy's nitrogen fertilizer segment produces an array of nitrogen fertilizer products, including ammonia and urea ammonium nitrate (UAN), nitric acid, and liquid and granulated urea. These products are produced at facilities relying on pet coke gasification, among other processes, with a major plant in North America and a facility in East Dubuque, Illinois. The segment's UAN products are primarily marketed to agricultural customers, while its ammonia products find a market among both agricultural and industrial purchasers.