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Marathon Oil Climbs Higher On Early Refinery Upgrades

By  +Follow July 30, 2013 12:20PM
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Shares for Marathon Petroleum Corporation (MPC) climbed higher on Monday’s late announcement that the company would be completing the final phase of a hydrocracker optimization project at its Louisiana refinery one full year ahead of schedule.

The Energy Information Administration defines hydrocracking as a process by which the heavy molecules in gas oil are broken down, or cracked, into distillate and gasoline using hydrogen. Hydrocracking turns low-quality heavy gas oil into high-quality jet fuel, diesel and gasoline.

Marathon, the third-largest oil and gas refiner in the US, will be taking advantage of an already-scheduled maintenance shut-down of its Garyville refinery in Louisiana to complete the renovation early. The upgrade will expand the capacity of its hydrocracker from 90,000 barrels per day to 110,000.

While a great deal of oil refiners have yet to invest heavily in hydrocracking, Marathon CFO Donald Templin explained the plan to upgrade its Garyville unit at a Raymond James conference in March as an investment the company very much wanted to get in on early. The Louisiana refinery can process up to 522,000 barrels a day, the vast majority of which comes from heavy and sour crude oils.

Furthermore, demand for distillates such as jet fuel, diesel, and even kerosene are on the rise in the US and throughout the world, particularly South America and Europe. The enlarged hydrocracker will also allow the company to up its production of platformate, a high-octane gasoline blending component, to 5,300 barrels per day.

The work is scheduled to be complete by January, with processing to resume by February at latest. The third largest US oil and gas refining company saw shares bump up over 1.6 percent to as high as $73.43 heading into midday trading. 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for MPC
Miles Taylor
25 Jan 15 17:48:29
RT @FonsieTrader: Parabolic Sar Buy Signals $FDO $FLEX $GE $GPRE $GPS $HFC $HK $HLF $HPQ $IWM $JDSU $KATE $LNKD $MNKD $MPC $MRO $MTG http:…
faheem2a
25 Jan 15 08:04:02
Barclays buying Europe after QE http://t.co/HqDj4D4iaq $UNCFF $UNCFY $MPC $DTEGY
FonsieTrader
25 Jan 15 01:54:06
Parabolic Sar Buy Signals $FDO $FLEX $GE $GPRE $GPS $HFC $HK $HLF $HPQ $IWM $JDSU $KATE $LNKD $MNKD $MPC $MRO $MTG http://t.co/8Z5TQhnUTn
FonsieTrader
25 Jan 15 01:50:03
Bullish MACD Crossover $ETFC $EXPE $FNSR $HAS $HFC $HIMX $HK $HON $IDTI $INFN $INTU $KEY $KKR $KORS $MNKD $MPC $MTG http://t.co/uTEJskbf9w
Rosner Stocks
24 Jan 15 15:40:10
$HD Investor Opinions Updated Saturday, January 24, 2015 5:59:27 PM $MPC $FXC $DDD $MEIP http://t.co/HOVH9oQBoe
jc82
24 Jan 15 15:36:46
RT @FinSentS_SP500: $MPC:US Mplx Lp Hits New 52-Week High at $78.19 (MPLX) #MARATHON PETROLEUM CORP http://t.co/5PfNBgNyum #SP500
FinSentS SP500
24 Jan 15 15:16:40
$MPC:US Mplx Lp Hits New 52-Week High at $78.19 (MPLX) #MARATHON PETROLEUM CORP http://t.co/5PfNBgNyum #SP500
ProVesting
24 Jan 15 15:16:02
$MPC: Investors Sell Shares of Marathon Petroleum Corp on Strength (MPC): http://t.co/xWiWnug7Pp
Langan Stocks
24 Jan 15 14:50:37
$RSX Opinions Updated Saturday, January 24, 2015 5:03:21 PM $XIV $MPC $XLV $EWG http://t.co/bxGnBwR4nV
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$ABBV News Updated Saturday, January 24, 2015 2:59:26 PM $T $HON $MPC $PM http://t.co/WsMpoK2x0q
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$MPC Investor Opinions Updated Saturday, January 24, 2015 2:03:22 PM $QLD $EFA $NEM $CSX http://t.co/2u1rhbo2I8
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$AKRX Stock Price Updated Saturday, January 24, 2015 2:11:12 PM $MPC $ARTX $BOX $GRCU http://t.co/imxlrH3hBK
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$RSX Opinions Updated Saturday, January 24, 2015 12:03:22 PM $MPC $DBA $NFLX $LUV http://t.co/sLh4Dda4Iz
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$AKRX Stock Price Updated Saturday, January 24, 2015 11:07:16 AM $LUV $CEF $MPC $BAC http://t.co/aheGLRGT9h
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$SPLV Percent Change Updated Saturday, January 24, 2015 11:03:22 AM $KORS $HEDJ $T $MPC http://t.co/7yPZnJ68LI
FinSentS SP500
24 Jan 15 07:14:37
$MPC:US Mplx Lp Hits New 52-Week High at $78.19 (MPLX) #MARATHON PETROLEUM CORP http://t.co/q3QSCgzTQK #SP500
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24 Jan 15 05:32:38
$MPC Stock Message Board Updated Saturday, January 24, 2015 08:11:08 AM $VALE $DIA $TQQQ $OCN http://t.co/5BuWxYBq0t
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$PBR Last Price Updated Saturday, January 24, 2015 07:03:19 AM $V $BIDU $MPC $ARWR http://t.co/DdpmA38Uun
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$ACAD Opinions Updated Saturday, January 24, 2015 07:03:19 AM $SWKS $MPC $SH $JNK http://t.co/OjPyWbMI59
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$MPC Financials Updated Saturday, January 24, 2015 07:11:08 AM $AAPL $FB $NFLX $GPRO http://t.co/8Dcp5bidtq
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$DBC News Updated Saturday, January 24, 2015 07:11:08 AM $MPC $RSX $IBM $VXX http://t.co/lziTUt8pb8
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24 Jan 15 03:02:43
Weekly S&P500 #Stocks Performance $NFLX $LUV $PSX $MPC $TSO $ETFC $VLO $DAL $NFX $SBUX $NEM $DLTR $BWA more@ http://t.co/1GBrbjndnA
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$XOM Company Info Updated Saturday, January 24, 2015 03:07:13 AM $MEIP $MPC $INFN $MU http://t.co/P1Nb5rnuFs
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$MU Reviews Updated Saturday, January 24, 2015 03:03:18 AM $DGAZ $SMH $EWG $MPC http://t.co/xjgP9A7ly7
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$MPC Short Sales Updated Saturday, January 24, 2015 02:11:10 AM $GRCU $X $XLB $IWM http://t.co/oGDEv3YNAS
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23 Jan 15 22:35:34
$IYR Filings Updated Saturday, January 24, 2015 01:03:21 AM $SLV $AA $MPC $CTIX http://t.co/Vu4WUhBAmj
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The Legacy News
23 Jan 15 21:41:23
Investors Sell Shares of Marathon Petroleum Corp on Strength $MPC http://t.co/OIkDxeCroI
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23 Jan 15 21:24:10
$MPC Short Sales Updated Saturday, January 24, 2015 00:11:28 AM $FXCM $GILD $UPS $IBM http://t.co/fidSZQduty
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23 Jan 15 18:31:41
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23 Jan 15 17:41:10
$AGG News Updated Friday, January 23, 2015 8:07:14 PM $CMGO $ACMP $MPC $RSH http://t.co/ucOi0l8fRm
Don Gulfo
23 Jan 15 17:14:31
RT @jimcramer: Take gains in refiners RT @minhdao777: @jimcramer $MPC up 5% today. Should we lock in gains or do we have more room?
Tom Loffman
23 Jan 15 16:53:34
Biggest gainers today large caps: $SBUX 6.62% $SYF 6.61% $CPG 4.52% $VLO 4.50% $VIPS 4.09% $TSO 4.00% $NOW 3.93% $TTM 3.85% $MPC 3.80%
Business
23 Jan 15 16:18:20
RT @jimcramer: Take gains in refiners RT @minhdao777: @jimcramer $MPC up 5% today. Should we lock in gains or do we have more room?
Jim Cramer
23 Jan 15 16:15:18
Take gains in refiners RT @minhdao777: @jimcramer $MPC up 5% today. Should we lock in gains or do we have more room?
12Stocks.com
23 Jan 15 16:02:43
S&P500 #Stocks Performance $ETFC $SBUX $VLO $TSO $MPC $HON $HAR $DLTR $NFLX $HAS $EXPE $MDT $CCI $COF $PSX more@ http://t.co/RPeaHChahC
$Stocknewsalerts
23 Jan 15 13:06:48
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
StockCharts.com
23 Jan 15 13:06:11
Today's Top 5 Technical Gainers among Large Cap Stocks: $ETFC, $SBUX, $VLO, $HON, $MPC http://t.co/ctFzkwXgMy #sccrankings #stockcharts
12Stocks.com
23 Jan 15 13:00:22
S&P500 #Stocks Performance $ETFC $SBUX $VLO $MPC $TSO $HON $SLM $NBR $HAR $EXPE $PSX $DLTR $QEP $HAS $FSLR more@ http://t.co/RPeaHChahC
Investing.com Stocks
23 Jan 15 11:40:02
Marathon Petroleum Corp., $MPC, is up 5.1% - http://t.co/1dGhVesPOy
Minh
23 Jan 15 11:37:56
@jimcramer $MPC up 5% today. Should we lock in gains or do we have more room?
Stock Trade Alerts
23 Jan 15 11:32:08
Price Action Alert $MPC - MARATHON PETROLEUM #stocks #intraday ~ via #AlertTrade
whiteteeshirtrading
23 Jan 15 11:21:55
$VLO $MPC $TSO $HFC flyin
MookTrader
23 Jan 15 08:55:51
Refiners doing great. $MPC $VLO $TSO, but $CVRR is the dog
v2 Ratings Bot
23 Jan 15 08:31:34
$MPC still looks attractive (rated 7.3 as price is up to 85.90). Price vs ratings chart: http://t.co/nODY4bmK8L
MICHAEL FILLOON
23 Jan 15 08:15:59
Barclays buying Europe after QE http://t.co/hgtd31DPLF $UNCFF, $UNCFY, $MPC, $DTEGY, $VGK, $FEZ, $IEV, $HEDJ, $EPV http://t.co/wQxRXdY2Mr
				
				
By  +Follow July 30, 2013 12:20PM
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