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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
DailyStockPicks
31 Oct 14 07:48:05
#Ebola revenues for $LAKE announced. $SMED has 4 ways Ebola positively impacts their bottom line: http://t.co/qXqzthBMEE $NOK $VWO $MPC
Charles
31 Oct 14 07:17:20
I'm thinking about oil companies that split their enterprise and how they might be viewing $XOM's report. $MRO $MPC http://t.co/xc5CGaqjSg
DailyStockPicks
30 Oct 14 23:29:24
Partner Jet $PJT.V is up 183% this week after Q3 release with more gains coming. Find out why: http://t.co/MEpEjkCm4H $NOK $VWO $MPC
Stock Signaling
30 Oct 14 23:01:38
Movers and Shakers: Trading on Major News: $WU $NEM $ABX $EXPE $GG $GRPN $ABC $TTWO $BWA $NOV $TASR $WLT $BG $V $MPC http://t.co/Vtx6dLy0Nw
TraderMK
30 Oct 14 18:37:23
$MPC Weekly chart showing next resistance level around $100. http://t.co/EasY34hENh
TraderMK
30 Oct 14 18:36:33
$MPC should breakout nicely or consolidate here. If breakout, next resistance area is $100. http://t.co/12RftgiOoB
12Stocks.com
30 Oct 14 16:02:51
S&P500 #Stocks Trend $V $MA $BMY $HAR $AKAM $ABC $ALLE $HSP $PRGO $AMT $AES $EXC $FFIV $BBY $STJ $MPC $APD @ http://t.co/RPeaHBZz9y
Livevol Community
30 Oct 14 12:45:03
Block Trade: 3:29 $MPC Jan17'15 90 C (CBOE) 4.15 10000x Today's Full Report: http://t.co/P34xB7uoD1
BlockTradeAlert
30 Oct 14 12:29:38
BLOCK TRADE: $MPC 500,000 shares @ $89.66 [15:29:37]
Ticker Report
30 Oct 14 11:44:47
Marathon Petroleum Corp $MPC Releases Quarterly Earnings Results, Beats Estimates By $0.27 EPS http://t.co/16pRBXdyxa
BNK Invest
30 Oct 14 11:05:54
Video: Daily Dividend Report: $LNC $HII $XOM $CVX $DUK $MPC $MRO $ABX $NEM #stocks http://t.co/J5gv5fhZng
Stock Signaling
30 Oct 14 11:02:30
Movers and Shakers: Trading on Major News: $ABC $TTWO $BWA $NOV $TASR $WLT $BG $V $MPC $KRFT $ANR $MO $MOS $AVP $COP http://t.co/Vtx6dLy0Nw
Nicholas Ellis
30 Oct 14 10:57:07
$MPC and $MPLX are killing it today. What a great third quarter!
Jay Siegel
30 Oct 14 10:16:26
RT @MarketCurrents: Marathon Petroleum considers reversal of biggest U.S. crude conduit http://t.co/agllGO0b24 $MPC $PAA $BP
MarketCurrents
30 Oct 14 10:11:19
Marathon Petroleum considers reversal of biggest U.S. crude conduit http://t.co/agllGO0b24 $MPC $PAA $BP
Media Sentiment
30 Oct 14 09:58:08
$MPC received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 499
MarketCurrents
30 Oct 14 09:57:15
Marathon Petroleum profit surges as margins widen http://t.co/SaOv0cX3Al $MPC
US Banking News
30 Oct 14 09:28:17
Marathon Petroleum Corp $MPC Releases Quarterly Earnings, Beats Expectations By $0.27 EPS http://t.co/HisSgCWs04
InterCooler
30 Oct 14 09:20:23
Marathon Petroleum Corp $MPC Releases Quarterly Earnings, Beats Expectations By $0.27 EPS http://t.co/laiKLdeUD8
12Stocks.com
30 Oct 14 08:52:22
S&P500 #Stocks Trend $V $MA $HAR $FFIV $BMY $AKAM $APD $ABC $AMT $CI $CBG $MPC $ALLE $EXC $K $PEG $IVZ $AN @ http://t.co/RPeaHBZz9y
12Stocks.com
30 Oct 14 08:52:05
S&P500 #Stocks Performance $V $MA $HAR $FFIV $BMY $AKAM $APD $ABC $AMT $CI $CBG $MPC $ALLE $EXC $BBY $K more@ http://t.co/RPeaHBZz9y
Media Sentiment
30 Oct 14 08:48:36
$MPC received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 443
Market Int Center
30 Oct 14 08:43:06
Marathon Petroleum $MPC Showing Bullish Technicals With Resistance At $92.02 ( http://t.co/IUO1b4buyX )
Peter Bardens
30 Oct 14 08:31:54
$MPC Marathon Petroleum's profits triple http://t.co/0rBQJNqsJS
Shiraz Lakhi
30 Oct 14 08:20:48
Most ACTIVE energy #stocks / trading UP on STRONG-VOLUME $MPLX $CJES $HOS $AMZG $MPC ++ (live updates click "View") http://t.co/jJ8ozC16nc
MICHAEL FILLOON
30 Oct 14 07:07:34
Marathon Petroleum beats by $0.07, misses on revenue http://t.co/G6ge8OlRDW $MPC http://t.co/wQxRXd7fof
Large Void Bot
30 Oct 14 07:00:02
Conference call: (10:00): $BG, $CJES, $NPO, $EPD, $HST, $IPI, $LECO, $LKQ, $MPC, $PRXL, $PATK, $PDM, $PGR, $RDN, $STRA, $VR, $MD
Seeking Alpha
30 Oct 14 06:55:06
Marathon Petroleum (MPC) Q3 2014 Results - Earnings Call Webcast http://t.co/sQNH1D3rvM $MPC
S&P CapIQ Earnings
30 Oct 14 06:54:19
Both $COP & $MPC beat #eps estimates. $COP reports $1.29 (+$0.10) and $MPC comes in at $2.36 (+$0.09). #SPXearnings
EarningsCast
30 Oct 14 06:52:03
Listen to $MPC Q3 2014 earnings call - live at 10:00 AM, ondemand after - http://t.co/bXRg015eUM
Ken J Haley
30 Oct 14 06:31:43
#Earnings #Oil #Gas Marathon Petroleum Corporation Reports 3Q2014 Results October 30 2014 http://t.co/6RAYO7NhI6 $MPC http://t.co/N9vl8WrhgR
Forex Signal
30 Oct 14 06:10:11
RT @MarketCurrents: Marathon Petroleum beats by $0.07, misses on revenue http://t.co/6GlHnIYPxX #premarket $MPC
MarketCurrents
30 Oct 14 06:03:57
Marathon Petroleum beats by $0.07, misses on revenue http://t.co/6GlHnIYPxX #premarket $MPC
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30 Oct 14 06:02:08
$mpc: Capline Owners Announce Study of Future Operations http://t.co/wLJpb7qhhG
Stock Moo
30 Oct 14 06:02:02
$mpc: Capline Owners Announce Study of Future Operations http://t.co/Z6HZ2i960H
BV Basic Materials
30 Oct 14 05:13:48
$MPC Capline Owners Announce Study of Future Operations.. http://t.co/Zi1wPy1PPr
4-traders.com
30 Oct 14 05:10:12
Marathon Petroleum : Capline Owners Announce Study of Future Operations http://t.co/6Uhsk6CBw7 $MPC
$Stocknewsalerts
30 Oct 14 05:09:19
$MPC Capline Owners Announce Study of Future Operations From our Stock News Alerts App
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30 Oct 14 05:06:17
$MPC Marathon Petroleum Corporation Quarterly Investor Packet From our Stock News Alerts App
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30 Oct 14 05:01:55
$mpc: Marathon Petroleum Corporation Reports Third-Quarter 2014 Results http://t.co/z5tsilYbiv
InterCooler
30 Oct 14 04:36:50
Marathon Petroleum Corp Announces Quarterly Dividend of $0.50 $MPC http://t.co/Cnwe3gphxH
$Stocknewsalerts
30 Oct 14 04:27:19
$MPC ALERT: Marathon Petroleum Corporation SEC Filing From our Stock News Alerts App
FonsieTrader
30 Oct 14 04:27:05
$MPC Marathon Petroleum Corporation Reports Q3 EPS of $2.36 vs $2.24 Est
finsents
30 Oct 14 04:17:25
$MPC:US Marathon Petroleum Corp (MPC) Announces Quarterly Dividend of $0.50 #MARATHON PETROLEUM CORP http://t.co/AYFgpAMJPw #SP500
NASDAQ
30 Oct 14 04:16:07
$MPC - Current Report Filing (8-k) http://t.co/yNhuXndird
BV Basic Materials
30 Oct 14 04:10:40
$MPC Marathon Petroleum Corporation Reports Third-Quarter 2014 Results.. http://t.co/aRyjbEbxMh
$Stocknewsalerts
30 Oct 14 04:04:30
$MPC Marathon Petroleum Corporation Reports Third-Quarter 2014 Results From our Stock News Alerts App
FinancialJuice
30 Oct 14 04:03:19
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30 Oct 14 03:51:07
Hottest Tweets Regarding $MPC (Marathon Petroleum Corp symbol MPC) on 10/30/2014 http://t.co/yBPRoDZUbY
Media Sentiment
30 Oct 14 00:34:53
$MPC received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 8
				
				
By  +Follow July 30, 2013 12:20PM
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