Africa’s Top Pension Funds Ask for About $1 Billion in Dangote’s Refinery Listing
Published . Updated .
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This report is about refining and Africa.
Directly affected
- No company is named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.
- XLE Energy Select Sector SPDR+7.5% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“africa”).
- VLO Valero Energy-11.1% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
- MPC Marathon Petroleum+2.5% 17d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
- PSX Phillips 66-2.1% 30d
Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAK | -3.84% | -2.73% | base | after close | after close | after close | after close |
| XLE | -4.15% | -3.23% | base | after close | after close | after close | after close |
| AFK | +0.80% | +2.58% | base | after close | after close | after close | after close |
| VLO | -7.63% | -6.50% | base | after close | after close | after close | after close |
| MPC | -9.68% | -5.62% | base | after close | after close | after close | after close |
| PSX | -6.56% | -4.64% | base | after close | after close | after close | after close |
| XOM | -2.28% | -3.14% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Africa’s Top Pension Funds Ask for About $1 Billion in Dangote’s Refinery Listing Bloomberg.com
Source: Bloomberg
Energy
| Company | When | Move | Status |
|---|---|---|---|
| AFK | three days earlier | +2.58% | final price |
| AFK | five days earlier | +0.80% | final price |
| CRAK | three days earlier | -2.73% | final price |
| CRAK | five days earlier | -3.84% | final price |
| MPC | three days earlier | -5.62% | final price |
| MPC | five days earlier | -9.68% | final price |
| PSX | three days earlier | -4.64% | final price |
| PSX | five days earlier | -6.56% | final price |
| VLO | three days earlier | -6.50% | final price |
| VLO | five days earlier | -7.63% | final price |
| XLE | three days earlier | -3.23% | final price |
| XLE | five days earlier | -4.15% | final price |
| XOM | three days earlier | -3.14% | final price |
| XOM | five days earlier | -2.28% | final price |
Congressional trades in the stocks in this story
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 15 Oct 2026. That is 29 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 52 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 30 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 74 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
12 out of 100
“Africa’s Top Pension Funds Ask for About $1 Billion in Dangote’s Refinery Listing” scores 12 out of 100. The score uses 1 sources.