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Cenovus Energy to Divest Two U.S. Refineries to Phillips 66

September 10, 2025--Written by Jesse Broehl for Industrial Info Resources (Sugar Land, Texas)--Canada's Cenovus Energy Incorporated (Calgary, Alberta) is at the heart of more than one large deal in the energy space this week.

This week the big news is that Phillips 66 (Houston, Texas) has agreed to acquire the remaining 50% ownership interest in WRB Refining LP from subsidiaries of Cenovus for total cash consideration of $1.4 billion.

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