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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
Stock Moo
30 Sep 14 06:48:09
$mpc: Marathon Petroleum Corporation to Announce 2014 Third-Quarter Financial Results October 30 http://t.co/OovVi6J9WY
Stock Moo
30 Sep 14 06:48:06
$mpc: MPLX LP to Announce 2014 Third-Quarter Financial Results October 30 http://t.co/I6ApYIJh6b
4-traders.com
30 Sep 14 06:10:05
Marathon Petroleum : MPLX LP to Announce 2014 Third-Quarter Financial Results October 30 http://t.co/F1pxWFqHOT $MPC $MPLX
4-traders.com
30 Sep 14 06:05:05
Marathon Petroleum : to Announce 2014 Third-Quarter Financial Results October 30 http://t.co/h15uVHyhVX $MPC
$Stocknewsalerts
30 Sep 14 06:01:23
$MPC Marathon Petroleum Corporation to Announce 2014 Third-Quarter Financial Results October 30 From our Stock News Alerts App
BV Basic Materials
30 Sep 14 05:59:41
$MPC Marathon Petroleum Corporation to Announce 2014 Third-Quarter Financial Results October 30.. http://t.co/LPwzSHELMB
Seeking Alpha
30 Sep 14 03:56:40
Marathon Petroleum: Great Buybacks, Good Dividends, So-So Organic Growth http://t.co/10pz9wrzUM $MRO $MPC
Jon Boorman, CMT
29 Sep 14 19:18:05
RT @gtlackey: September 29, 2014 RS Movers http://t.co/CM2aPNVzuO $ITA $CF $MPC $AEGR $ALXN $MU $SAM $ENDP $MCD $S $KBH $LUK $TDS $IP $TSLA
G. Thomas Lackey Jr
29 Sep 14 18:15:21
September 29, 2014 RS Movers http://t.co/CM2aPNVzuO $ITA $CF $MPC $AEGR $ALXN $MU $SAM $ENDP $MCD $S $KBH $LUK $TDS $IP $TSLA
WKRB News
29 Sep 14 15:53:26
Marathon Petroleum Corp Target of Unusually High Options Trading $MPC http://t.co/5teav274nD
Jacob Corley
29 Sep 14 15:22:32
RT @AmericanBanking: Marathon Petroleum Corp Sees Unusually Large Options Volume $MPC http://t.co/9x14C7U6Ab
US Banking News
29 Sep 14 14:44:33
Marathon Petroleum Corp Sees Unusually Large Options Volume $MPC http://t.co/9x14C7U6Ab
John Turner
29 Sep 14 12:30:43
$MPC 5 Things Marathon Petroleum Corp. Management Wants You to Know http://t.co/1FfHIknf0l
Joseph Karam
29 Sep 14 12:24:11
WTI -Brent Spread is now below $3, from $9 in late August, mainly due to fall in Brent price $VLO $MPC $PSX $TSO $OIL http://t.co/xQ7hfvMJOO
Jeff Bair
29 Sep 14 07:45:52
#Refinery Failures Spur Bets on Higher U.S. #Gasoline http://t.co/0svE8s9xA1 via @BloombergNews $XOM $MPC
TickerChirp
28 Sep 14 04:26:04
Prevalent Tweets Concerning $MPC on 09/28/2014 http://t.co/9bIc91Ko9H
Russell Barbour
27 Sep 14 16:34:19
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/sazuPnPA3m $VXX $MPC $JO
Russell Barbour
27 Sep 14 12:30:21
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/sazuPnPA3m $VXX $MPC $JO
Krishna
27 Sep 14 08:02:28
RT @1nvestor: Submarine Basket update: $ASPS $DE $GNRC $GRMN $LVS $MPC $TSCO $VSI $WDAY $WWE $KR http://t.co/wAI8w7M08F
moderneconomist.com
27 Sep 14 07:29:19
RT @1nvestor: Submarine Basket update: $ASPS $DE $GNRC $GRMN $LVS $MPC $TSCO $VSI $WDAY $WWE $KR http://t.co/wAI8w7M08F
Derald Muniz
27 Sep 14 07:27:48
Submarine Basket update: $ASPS $DE $GNRC $GRMN $LVS $MPC $TSCO $VSI $WDAY $WWE $KR http://t.co/wAI8w7M08F
Russell Barbour
27 Sep 14 01:15:50
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/mcrA6uKAGA $VXX $MPC $JO
Russell Barbour
26 Sep 14 17:09:48
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/mcrA6uKAGA $VXX $MPC $JO
Nick
26 Sep 14 15:06:25
Long $LVS $HSY $MCD $VLO $YNDX $AGN $SOHU $SINA $YOKU $KMP $CMG $VZ $COP $RSX ...Short $NFLX $MPC $WDC $STX
$Stocknewsalerts
26 Sep 14 13:07:36
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
Derald Muniz
26 Sep 14 09:48:03
Submarine Basket: material changes this week: $DE (adj to Oct 10w expiry) $GNRC (new) $LVS (adj to Oct 03w expiry) $TSCO (new) $MPC (adj)
OneChicago
26 Sep 14 08:04:01
$MPC Oct Block Trade: 301 trade. ~$2.5 MM notional value.
TV_Trading Ideas
26 Sep 14 06:47:24
Time for a Marathon - MPC - Daily - Pullback towards support $MPC http://t.co/zjQryXTUV9
Tim West
26 Sep 14 06:47:24
$MPC chart: Time for a Marathon - MPC - Daily - Pullback towards support. http://t.co/ovSdaQEfEb
Russell Barbour
26 Sep 14 04:38:39
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/sazuPnPA3m $VXX $MPC $JO
Russell Barbour
25 Sep 14 16:45:50
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/sazuPnPA3m $VXX $MPC $JO
OneChicago
25 Sep 14 08:04:01
$MPC Oct Block Trade: 312 trade. ~$2.6 MM notional value.
Market Int Center
25 Sep 14 07:31:28
Marathon Petroleum $MPC Showing Resistance Near $86.00 ( http://t.co/j2bhhAXwmX )
InterCooler
25 Sep 14 04:40:19
Marathon Petroleum Corp Now Covered by JPMorgan Chase & Co. $MPC http://t.co/QkzKGfzOhG
Russell Barbour
25 Sep 14 04:07:52
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/sazuPnPA3m $VXX $MPC $JO
Russell Barbour
24 Sep 14 21:41:04
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/sazuPnPA3m $VXX $MPC $JO
Mike Mustafoglu
24 Sep 14 19:00:36
$FSLR $MPC $PBR Bullish Stochastic Cross
John Borland
24 Sep 14 16:49:27
Eyeballing $PKG $MPC $DNKN $JBHT
Steve Blake
24 Sep 14 08:32:47
@KeithMcCullough @Hedgeye oil refiners. Pummeled lately. Time for a bite? $mpc
Derald Muniz
24 Sep 14 08:19:16
sold the stock piece in the Submarine Basket in $MPC for +8.05 & added L Oct 87.5 Calls to make a Diag Call Cal. Options Net now: $.82
Derald Muniz
24 Sep 14 08:10:01
$MPC is back into this Pivot Box area, worth noting is now under the 50/200 SMA. RSI probing 30 http://t.co/B8CqiXnwkt
OneChicago
24 Sep 14 07:40:01
$MPC Oct Block Trade: 310 trade. ~$2.6 MM notional value.
Sleek Money
24 Sep 14 06:36:06
JPMorgan Chase & Co. Begins Coverage on Marathon Petroleum Corp $MPC http://t.co/5MH5hTpJ3r
Market Int Center
24 Sep 14 05:19:54
Marathon Petroleum $MPC Showing Resistance Near $88.52 ( http://t.co/l9xqYzPR9o )
MICHAEL FILLOON
23 Sep 14 21:03:27
Marathon Petroleum Corp initiated by JPMorgan Chase & Co. at overweight. $107.00 PT. http://t.co/BQO3RR2UfU $MPC #MPC via @RatingsNetwork
   $TOCK$
23 Sep 14 13:15:43
Initiations 9/23 $PLM, $HPJ, $SGMO, $CALL, $IMMU, $ARCW, $KOP, $DYN, $RARE, $MATW, $MPC, $DSPG, $VLO http://t.co/oaePoCXTa2
WallStreetConsensus
23 Sep 14 13:05:45
Initiations 9/23 $PLM, $HPJ, $SGMO, $CALL, $IMMU, $ARCW, $KOP, $DYN, $RARE, $MATW, $MPC, $DSPG, $VLO http://t.co/hnxCGSKIKd
Thomas Collins
23 Sep 14 10:31:06
$MPC 5 Things Marathon Petroleum Corp. Management Wants You to Know http://t.co/2GqfKdiB4Y
Market Int Center
23 Sep 14 10:25:27
Potential Marathon Petroleum $MPC Trade Has 6.39% Downside Protection ( http://t.co/exF1tpfMPz )
Justin Vélez-Hagan
23 Sep 14 07:31:18
#Investing 101: 3 picks with high shareholder yield via @YahooFinance http://t.co/kC9ItoEDqY $NOC $MPC $CF
				
				
By  +Follow July 30, 2013 12:20PM
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