Cenovus Energy to sell interest in WRB Refining to Phillips 66
CALGARY, Alberta, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through wholly-owned subsidiaries, of its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66. The consideration will consist of US1.9 billion, subject to customary closing adjustments. “This transaction aligns with our strategy of owning and operating the assets that are core t ...