CVR Energy, Inc., based in Sugar Land, Texas and employing 1,470 people, focuses on renewable fuels, petroleum refining, and nitrogen fertilizer production through CVR Partners, LP. Established with an IPO in 2007, it operates two main segments: Petroleum (with refineries in Kansas and Oklahoma) and Nitrogen Fertilizer (producing urea and ammonium nitrate).
CVI has been in the news recently: CVR Energy, along with Gold Reserve and Koch Industries, is participating in a U.S. court auction for Citgo Petroleum, with total bids amounting to approximately $17 billion. Despite reporting a revenue of $2.0 billion and a profit of $0.21 per share, CVR Energy's shares dropped 7.0% to $25.48 after earnings were announced.
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