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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
$Stocknewsalerts
22 Aug 14 13:06:39
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
Irma Doucet
22 Aug 14 11:00:47
$MPC Marathon Petroleum Corporation Earnings: Market Conditions Improving http://t.co/Ygru1CPPnv
Matt Krantz
22 Aug 14 09:54:11
7 big stocks are suddenly lighting it up (photo: Getty): http://t.co/x5jQyXn4UP $ROST $MPC http://t.co/LeJHA8pduU
Consestimate
22 Aug 14 07:44:51
3 Reasons Marathon Petroleum Stock Could Fall . #Bullish or #Bearish on $MPC. Share with us here: http://t.co/hhBAxnLygZ
Financial Headlines
22 Aug 14 05:33:40
$MPC: 3 Stocks Showing Strength During Market Weakness http://t.co/WuvymmjZlD http://t.co/IS5ZmWwCnr
Media Sentiment
22 Aug 14 05:25:39
$MPC received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 81
Market Int Center
22 Aug 14 05:24:24
Marathon Petroleum $MPC Showing Bullish Technicals With Resistance At $91.94 ( http://t.co/BvN7Xs9Fsg )
Harry Walkman
22 Aug 14 05:00:22
$MPC Marathon Petroleum Corporation Earnings: Market Conditions Improving http://t.co/WQHc52MUIE
John Ablemann
22 Aug 14 05:00:21
$MPC Traders Purchase Large Volume of Marathon Petroleum Corp Put Options (MPC) http://t.co/hD1zfRJ6wQ
Dividend News
22 Aug 14 04:54:58
RT @DividendSheet: 9 Of The Cheapest Large Cap Dividend Stocks The Market Has To Offer - http://t.co/6hXFNRVllY - $GM $MET $AFL $PRU $MPC $…
Dividend Yield
22 Aug 14 04:09:52
9 Of The Cheapest Large Cap Dividend Stocks The Market Has To Offer - http://t.co/6hXFNRVllY - $GM $MET $AFL $PRU $MPC $HIG $VLO $HPQ $LNC
4-traders.com
22 Aug 14 01:25:03
Marathon Petroleum : MPCA Penalizes St. Paul Park Refining for Endangering the Mississippi River with Benzene http://t.co/u4cLJzO0bO $MPC
Companies in News
21 Aug 14 21:33:44
$MPC: Marathon Petroleum Corporation Earnings: Market Conditions Improving http://t.co/UnXP0c6Xgr http://t.co/vFr2EAkWUV
Sleek Money
21 Aug 14 17:52:47
Marathon Petroleum Corp Target of Unusually Large Options Trading $MPC http://t.co/90q4L7oSF4
Market News
21 Aug 14 17:33:23
$MPC: Earnings: Marathon Petroleum's profit rises 44 percent http://t.co/ztyfEN1YRw http://t.co/wdyACO6mSe
US Banking News
21 Aug 14 17:19:26
Traders Purchase Large Volume of Marathon Petroleum Corp Put Options $MPC http://t.co/58IPId0ZE7
WKRB News
21 Aug 14 17:07:22
Traders Purchase Large Volume of Marathon Petroleum Corp Put Options $MPC http://t.co/8LyyTQHglA
Colin Macleod
21 Aug 14 15:57:43
August 21 2014 P&F Spread Triple Top Breakout http://t.co/bHdd099ejN $MPC $LNC $NUE $SWIR $ADP $AVB $GBX $CBM $WRLD
James P Worthy
21 Aug 14 08:31:05
$MPC Marathon Petroleum Corporation Earnings: Market Conditions Improving http://t.co/FHhMvBqcMd
Rob
20 Aug 14 19:28:20
a few non bios i'm watching $anet, $erj, $app, $feye, $mnst, $mpc, $splk, $tmo
thom
20 Aug 14 16:09:30
Regret selling $GILD, $MPC, and $AAPL days ago. Scalped for hundreds when I could've made thousands. Need to let my winners run.
Market News
20 Aug 14 14:33:38
$MPC: Unusual Social Activity Around Marathon Petroleum (MPC) Today http://t.co/Srw2fAgZJE http://t.co/irOjPgQb86
Stocks Pastor
20 Aug 14 14:09:24
Most of my alerts don't go up right away but if you can wait, you will profit big. $PVH, $MPC, $MON, $DRI, $APC, $JNJ, $UPS, $TSLA
Barry Scott
20 Aug 14 13:28:34
$GLD -.37% not bad with USD strength $UUP +.46% & other action $FB -.64% $IWM -.42% $GOOGL -.28% $MPC -.33% $QQQ +.01 $SPY +.27% $SLV +.11%
Consestimate
20 Aug 14 09:43:13
3 Reasons Marathon Petroleum Stock Could Rise . #Bullish or #Bearish on $MPC. Share with us here: http://t.co/6QMoIwPbUP
Wall Street Watkins
20 Aug 14 08:09:04
RT @1nvestor: Submarine Basket mid-week update: $ASPS $BBBY $CBI $GNRC $GRMN $MPC $TGT $THOR $TSCO $WWE http://t.co/cDQrRrcs7J
Derald Muniz
20 Aug 14 08:04:05
Submarine Basket mid-week update: $ASPS $BBBY $CBI $GNRC $GRMN $MPC $TGT $THOR $TSCO $WWE http://t.co/cDQrRrcs7J
David P. Sims
20 Aug 14 05:50:12
Been looking at $MPC and $LEA as other possible buys, looking for a reason to buy
Financial Headlines
20 Aug 14 01:33:40
$MPC: Marathon Petroleum Q2 Earnings Beat on Higher Product Prices http://t.co/LxWFfHI1Ow http://t.co/QyMBuOm9xf
Bidness Etc
20 Aug 14 00:45:00
Morgan Stanley analysts are optimistic about Valero Energy’s future performance http://t.co/bov0e8AdRj $VLO $MS $MPC $PSX $VLP
Colin Macleod
19 Aug 14 19:56:31
August 19 2014 P&F Spread Triple Top Breakout http://t.co/hg0fg3yfYl $JRJC $MPC $NUE $LNC $SWIR $GBX $ADP $CLNY $AVB $TEDU $WRLD
Stocks Pastor
19 Aug 14 15:11:27
My challenge play will print $55 before expiration. Check my record. $MPC at above $91 from $75 alert. Patience!!!
Bidness Etc
19 Aug 14 14:16:22
#MorganStanley Analysts Bullish On #Valero’s Future Outlook http://t.co/kCb1zdhfYx $VLO $MS $MPC $PSX $VLP
Auto Binary option
19 Aug 14 12:08:18
RT @optionsizzle: $MPC on fire since last week. Activity last wk http://t.co/D4p94i9maJ & http://t.co/jSa3evFSeV rather give up the unlimit…
Trill Trades
19 Aug 14 11:56:38
@OptionsHawk Have you seen any profit taking from the bullish bets in $MPC and other refiner names yet?
Stock News Guru
19 Aug 14 11:33:44
$MPC: [$$] From Energy Firms, a Payout Gusher http://t.co/C8ktZXzes9 http://t.co/mP1Qxv1g7E
Media Sentiment
19 Aug 14 10:59:58
$MPC received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 261
Antonio Costa
19 Aug 14 10:56:04
$MPC updated chart. Confirmed the breakout move today. http://t.co/W5OyCc5NDK
Darshan Dorsey
19 Aug 14 10:11:25
$AAPL $MPC $ALL killing it, outpacing other major indices/assets since July 31: http://t.co/gaV8rD5dWd Not a stock picker, but when I do...
Dividend Yield
19 Aug 14 09:52:05
5 Top Stocks With Over 25 Percent 1-Year Dividend Growth And Potential To Grow - http://t.co/OrVKOgJ368 $WY $MPC $VLO $QCOM $ORCL
Vermilion Research
19 Aug 14 07:40:48
Failed breakdowns are piling up: Large-cap examples include: $AFL, $AME, $BA, $D, $FITB, $FLR, $K, $MPC, $PCP, $PLL, $RF. #bullish
Market Updates
19 Aug 14 02:33:39
$MPC: Marathon Petroleum, EnLink Midstream to invest in pipeline project along ... http://t.co/drgXL0gbwe http://t.co/SEXf8VhnIA
Stock Market Monitor
19 Aug 14 01:33:37
$MPC: Marathon Petroleum, EnLink Midstream to invest in pipeline project along ... http://t.co/Bz8KxV1fLS http://t.co/4sCoW9RiZW
InterCooler
19 Aug 14 00:34:59
Marathon Petroleum Corp Sees Large Increase in Short Interest $MPC http://t.co/8ckRmQuqWy
Antonio Costa
18 Aug 14 22:56:25
$MPC broke through resistance at $90 but was not able to gather must momentum. Wait confirmation. http://t.co/sHfGerDTCr
US Banking News
18 Aug 14 22:33:42
Marathon Petroleum Corp Sees Significant Growth in Short Interest $MPC http://t.co/q8QSI1G0t9
WKRB News
18 Aug 14 22:21:21
Marathon Petroleum Corp Sees Significant Growth in Short Interest $MPC http://t.co/7WPqH3N9RI
Mike Mustafoglu
18 Aug 14 21:47:15
$MPC $PSX 21-Day / 50-Day Bullish Moving Average Cross
Market Compass
18 Aug 14 19:33:39
$MPC: Marathon Petroleum Corporation (MPC) Jumps: Stock Rises 5.7% http://t.co/9U5TbxUoYl http://t.co/Q2yc9zH2Sd
FinancialTrader
18 Aug 14 19:22:22
$MPC solid refiner move again.. now at a crucial R=90 ,, should rest here a bit before pushing higher
				
				
By  +Follow July 30, 2013 12:20PM
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