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Marathon Oil Climbs Higher On Early Refinery Upgrades

By  +Follow July 30, 2013 12:20PM
Tickers Mentioned:

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
Investors Hangout
18 Sep 14 18:23:29
$DSCR 52Wk Low Click Here: http://t.co/yB7Rat4SCV Also See: $ONE $MPC $ACI $MVTG ~
18 Sep 14 17:44:57
Marathon Petroleum Corp (MPC) 87.33 $MPC Technical Updates, Upcoming Event, New Agreement, and Close of Sale o http://t.co/NXIFAKv4uR
18 Sep 14 17:44:19
MPC 87.33 Stock Charts $MPC Marathon Petroleum Corp. (NYSE) Last Updated: 09/18/2014 19:44:27 MPC Stock Chart http://t.co/KY2tjOErJT
Thomas Collins
18 Sep 14 12:31:40
$MPC 5 Things Marathon Petroleum Corp. Management Wants You to Know http://t.co/XBDnp0c6aL
Joseph Karam
18 Sep 14 08:46:24
Will US allow oil exports? Market now leaning to yes. $VLO $PSX $MPC http://t.co/W6Ns77JPhN
18 Sep 14 08:37:46
same as $mpc i sold it lower about 6% lower than it is now, it is obviously not pleasant to realize, but i followed the rules
Evener Investment
17 Sep 14 23:37:21
RT @SeekingAlpha: Navigating The Energy Sector When Oil Prices Drop http://t.co/p4ja5B01Ms $XOM $PXE $MPC $PSX $VLO
Seeking Alpha
17 Sep 14 23:31:52
Navigating The Energy Sector When Oil Prices Drop http://t.co/p4ja5B01Ms $XOM $PXE $MPC $PSX $VLO
Colin Macleod
17 Sep 14 18:04:33
2 Hammer candles worth watching for longs Thursday http://t.co/JLuNRXeQN0 $MPC $WDC
Chasing Stars
17 Sep 14 17:51:55
$AEM Company Info Click Here: http://t.co/iaArkGurDh Also See: $BBRY $CSCO $VGZ $MPC ~
Elite Wealth Mgmt
17 Sep 14 17:32:37
How do you navigate the volatility of Black Gold in your portfolio? http://t.co/DXS8CuS1bg #oil $XOM $PXE $MPC $PSX
Investors Hangout
17 Sep 14 13:22:16
$GRCU Bid Size Click Here: http://t.co/9NEm1HCuFu Also See: $AXP $MPC $NWBO $DSCR ~
Investors Hangout
17 Sep 14 11:38:24
$BBRD Message Board Posts Click Here: http://t.co/Q7gONVjRJU Also See: $MPC $SH $HAL $CLF ~
CNBC's Fast Money
17 Sep 14 11:32:44
FINAL TRADE: Your first move for Thursday, Sept. 18 http://t.co/IYuD7oBQr7 $GS $KO $BABA $MPC http://t.co/xT0I2EhFCg
Bruno J. Navarro
17 Sep 14 11:32:22
Your first trade for Thursday, Sept. 18 http://t.co/hqRQtx7AXw $GS $KO $BABA $MPC
17 Sep 14 10:00:46
#HalfTimeReportEspresso FINAL CALLS: Dr J —> buy $KO Jim Lebenthal —> buy $MPC Pete Najarian —> buy $GS
Joseph Karam
17 Sep 14 09:45:15
Recent volume in Valero $VLO is running 50-100% above average. Motivated seller(s)? $PSX $MPC $TSO http://t.co/y0JjTQYra3
17 Sep 14 09:34:23
$EPI Financials Click Here: http://t.co/MQuEdPQNoH Also See: $MPC $P $AMD $PBR ~
17 Sep 14 05:45:35
Marathon Petroleum Corp Downgraded by Howard Weil $MPC http://t.co/hjL9PKS9zk
17 Sep 14 05:21:50
$BBRY 52Wk High Click Here: http://t.co/gShMiBJ9sz Also See: $BLUE $CVS $ERX $MPC ~
17 Sep 14 05:06:00
$BAC Dividend Click Here: http://t.co/bdw55YIf68 Also See: $MPC $X $LNKD $AT ~
IH News Desk
17 Sep 14 04:24:26
$AMZN Stock Message Board Click Here: http://t.co/0QqJgUlIX2 Also See: $MPC $SLCA $PLUG $CALM ~
IH News Desk
17 Sep 14 04:08:27
$AMD Ask Size Click Here: http://t.co/3GHbLFaQ1n Also See: $COP $APA $MPC $BTU ~
Langan Stocks
17 Sep 14 03:43:55
$AKS Stock Forum Click Here: http://t.co/4tCd3ThVVO Also See: $MPC $GOOGL $IYT $BLUE ~
Investors Hangout
17 Sep 14 03:26:01
$AEM Bid Size Click Here: http://t.co/vIqPvQkXa0 Also See: $ALL $GE $MPC $PFE ~
Langan Stocks
17 Sep 14 03:02:28
$ACHN Bid Size Click Here: http://t.co/9aA87QluWp Also See: $RSX $MPC $TEMN $QIHU ~
17 Sep 14 02:19:44
$RSII Yield Click Here: http://t.co/QjX5g7E6wg Also See: $AMZN $QIHU $MPC $EEM ~
Investors Hangout
17 Sep 14 02:03:57
$TRTC EOD Data Click Here: http://t.co/i1AuSCYeaS Also See: $HYG $JRJC $MPC $EA ~
Chasing Stars
17 Sep 14 01:22:49
$ONE 52Wk Low Click Here: http://t.co/lhCSbifSAw Also See: $DUST $MPC $TZA $ANY ~
Langan Stocks
17 Sep 14 01:18:33
$NTEK Message Board Posts Click Here: http://t.co/X9cplm0iwl Also See: $MPC $PBR $GE $AVEW ~
17 Sep 14 01:15:14
$MVTG Current Price Click Here: http://t.co/sEXnKNXdTS Also See: $RSII $MPC $AKS $AT ~
17 Sep 14 00:27:50
$MLCG Shares Click Here: http://t.co/jZ0R8caK2B Also See: $FRHV $MPC $CSCO $XLV ~
17 Sep 14 00:17:10
$MHYS Bid Click Here: http://t.co/WyBqNquQo1 Also See: $VIMC $ACHN $MPC $AXP ~
Investors Hangout
16 Sep 14 23:58:35
$MHYS Filings Click Here: http://t.co/X7sVkOLjCx Also See: $GLD $EEM $SGLB $MPC ~
Rosner Stocks
16 Sep 14 23:44:53
$INOH Message Board Posts Click Here: http://t.co/O45r6OxdCk Also See: $MPC $LNKD $JCP $LOCK ~
Investors Hangout
16 Sep 14 22:47:20
$GRCU Yield Click Here: http://t.co/hcjVBNgZva Also See: $EPI $MPC $GDX $XLP ~
Stock Forums
16 Sep 14 21:59:47
$CTIX P/E Ratio Click Here: http://t.co/Hn6XbnTCny Also See: $XLK $DUST $MPC $GLD ~
16 Sep 14 20:20:10
$AAPL Bid Size Click Here: http://t.co/ZkUyxDAyIv Also See: $RFMD $AVEW $XOM $MPC ~
16 Sep 14 17:48:39
MPC 88.18 Stock Charts $MPC Marathon Petroleum Corp. (NYSE) Last Updated: 09/16/2014 19:48:43 MPC Stock Chart http://t.co/jBlvbZfB6A
Jeff Cooper
16 Sep 14 12:35:57
$MPC nice Holy Grail sell setup from 20 dma earlier
16 Sep 14 09:01:45
$MPC chart http://t.co/tO7r0hPCZN < Pitckfork turned on, clean touch & bounce from the upper 1/2 line
Ticker Report
16 Sep 14 08:04:25
Marathon Petroleum Corp Rating Lowered to Sector Perform at Howard Weil $MPC http://t.co/ErtN54fwiE
tom lloyd sr
15 Sep 14 19:38:10
Marathon Petroleum Corp downgraded by Howard Weil to sector perform. $99.00 PT. http://t.co/c0S0rErsWE $MPC #MPC via @RatingsNetwork
15 Sep 14 18:39:59
Marathon Petroleum Co (MPC) is Up 26.37% in Volume http://t.co/keYfcVk611 $MPC #invest #stocks #investing
Tom Loffman
15 Sep 14 17:42:53
Biggest gainers today large caps: $TAP 5.85% $BUD 3.15% $BBD 2.72% $MO 2.57% $BBDO 2.35% $NOK 2.27% $DEO 1.99% $MPC 1.92% $PSO 1.88%
15 Sep 14 16:02:41
S&P500 #Stocks Performance $TAP $DRI $MO $GHC $MPC $QEP $EW $PFE $FMC $CVX $STZ $TRV $COP $MUR $VLO $BBY more@ http://t.co/RPeaHBZz9y
15 Sep 14 15:20:03
Marathon Petroleum : turnaround http://t.co/lY4EIAY1Ui $MPC
15 Sep 14 14:44:36
Downgrades 9/15: $JBLU, $PLOW, $JBHT, $AGX, $SYMC, $MPC, $ARCB, $MRTN, $CREE http://t.co/GPhpUdGqcs
15 Sep 14 12:03:22
2-star analyst Blake Fernandez from Howard Weil downgraded rating on $MPC to HOLD. http://t.co/NxIZx3mDCc
15 Sep 14 11:14:32
@millennial_inv Interesting that $MRO, the E&P spinoff, has a lower ratio than $MPC (the downstream & some midstream)
By  +Follow July 30, 2013 12:20PM



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