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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
Mike Mustafoglu
22 Oct 14 19:47:38
$MWE $MPC $MRO $MMP $NE $OII $OKE $OKS $OXY $PTEN $PXD $QRE $RDC $SLB $SPWR $SU $SUNE $SXL $TSO $VLO $WNR $XOM Bearish Stochastic Cross
Samuel Brown
22 Oct 14 14:01:29
$MPC Marathon Petroleum Corp Receives Consensus Recommendation of "Buy" from ... http://t.co/13PySHuQ2j
BNK Invest
22 Oct 14 11:48:06
Interesting $MPC Put And Call Options For December 20th #stockoptions http://t.co/ga8fbuqfqW
Analyst Ratings
22 Oct 14 09:28:21
Want the latest analyst ratings on $FIO $MPC $STRM $FSL $ACTV? Get Them Delivered to Your Inbox http://t.co/nSJuDsYidj
OneChicago
22 Oct 14 07:25:01
$MPC 20141121 Block Trade: 202 trade. ~$1.7 MM notional value.
Stock Signaling
22 Oct 14 05:31:26
Visual Stock Comparison Tool: http://t.co/Vtx6dLy0Nw : $AL $SBNY $KEX $EXP $CHTR $HNR $POST $TUBE $MPC $ENDP $TERP $RCI $BAK $RCL $SWFT #dow
FonsieTrader
22 Oct 14 03:34:49
Bullish MACD Crossovers 3/4 $MA $MEA $MNST $MPC $NGB $NOV $MT $NVDA $OKE $ORCL $P $PANW $PEG $PGH $AAPL $RCL $RFMD $S http://t.co/oRgCeXeg8K
HotKeyTrading
21 Oct 14 20:00:08
Price Advances: $CLUB $MPC $MNI $FIG $LVNTA $TIME $TRIP $KS $AFSI $SAVE $HUN $WRES $WAT $CE $AL http://t.co/Vv2VEn80mr #trading #nyse #spy
Marc Moss
21 Oct 14 19:34:34
$MPC - Huge Bet in Marathon Petroleum, someone bought 6000 $MPC April $90 calls for $3.90 each.. That's a hefty 2.3 million$$$$$$$$$
Stock Signaling
21 Oct 14 19:31:03
25 Stocks To Watch: http://t.co/Vtx6dLy0Nw : $ETFC $HOG $HAS $SNV $MPC $POST $AL $DVN $EXP $HAL $ILMN $WERN $LB $TUBE $RCL #investors #nyse
12Stocks.com
21 Oct 14 16:02:41
S&P500 #Stocks Trend $WAT $HOG $MPC $GCI $LUV $AA $REGN $AMGN $ITW $XLNX $FMC $VLO $NE $MYL $ESRX $CA $MJN @ http://t.co/RPeaHBZz9y
12Stocks.com
21 Oct 14 16:02:24
S&P500 #Stocks Performance $WAT $HOG $X $PSX $SNDK $MPC $CCL $TRIP $CHK $DISCA $GCI $LUV $TXN $NFX $RHI more@ http://t.co/RPeaHBZz9y
anderson borsada
21 Oct 14 15:58:47
@jimcramer what do you think about the refiners here? $mpc $vlo $tso #undervalued
Assumption
21 Oct 14 14:33:02
RT @StockSignaling: Upgraded Stocks Trading in a New Range: $AL $KEX $CHTR $EXP $HNR $POST $TUBE $MPC $ENDP $TERP $RCI $BAK $RCL $SWFT $BEA…
Stock Signaling
21 Oct 14 14:31:47
Upgraded Stocks Trading in a New Range: $AL $KEX $CHTR $EXP $HNR $POST $TUBE $MPC $ENDP $TERP $RCI $BAK $RCL $SWFT $BEAV #stockmarket #spy
12Stocks.com
21 Oct 14 13:00:28
S&P500 #Stocks Trend $WAT $HOG $MPC $GCI $LUV $AA $REGN $ITW $XLNX $FMC $VLO $MYL $ESRX $MJN $CVC $GPC $IRM @ http://t.co/RPeaHBZz9y
12Stocks.com
21 Oct 14 13:00:08
S&P500 #Stocks Performance $WAT $HOG $X $PSX $SNDK $MPC $CCL $TRIP $CHK $DISCA $GCI $LUV $TXN $NFX $RHI more@ http://t.co/RPeaHBZz9y
Stock Signaling
21 Oct 14 12:31:53
25 Stocks To Watch: http://t.co/Vtx6dLy0Nw : $MPC $AL $EXP $HNR $POST $RCL $TUBE $TERP $FN $XLNX $HLT $SFUN $UNH $AMD $NBR #analyst #trading
BNK Invest
21 Oct 14 12:24:28
Tuesday Sector Leaders: Energy, Healthcare $PSX $MPC $XLE $WAT $COV #stocks http://t.co/GkDZwV86Y2
Bottarelli Research
21 Oct 14 12:16:04
A Huge Bet on an Oil Rebound $MPC, $USO http://t.co/lRFUPTgla1
OneChicago
21 Oct 14 11:41:02
$MPC 20141121 Block Trade: 221 trade. ~$1.9 MM notional value.
OneChicago
21 Oct 14 11:39:02
$MPC 20141121 Block Trade: 114 trade. ~$1 MM notional value.
Stock Signaling
21 Oct 14 11:31:30
Upgraded Stocks Trading in a New Range: $AL $KEX $CHTR $EXP $HNR $POST $TUBE $MPC $ENDP $TERP $RCI $BAK $RCL $SWFT $BEAV #stocks #trader
Evan Rushing
21 Oct 14 11:06:13
RT @F1sT: i like $MPC
#LOVE2014
21 Oct 14 09:15:41
i like $MPC
Stock Signaling
20 Oct 14 14:31:43
Upgraded Stocks Trading in a New Range: $TUBE $MPC $ENDP $TERP $RCI $BAK $RCL $SWFT $BEAV $ROYT $VIAB $NR $FN $XLNX $HLT #watchlist #spy
Stock Signaling
20 Oct 14 11:32:17
Upgraded Stocks Trading in a New Range: $TUBE $MPC $ENDP $TERP $RCI $BAK $RCL $SWFT $BEAV $ROYT $VIAB $NR $FN $XLNX $HLT #analyst #finance
TickerChirp
20 Oct 14 11:29:04
Hot Tweets Related to $MPC (Marathon Petroleum Corp symbol MPC) on 10/20/2014 http://t.co/eET5N0Z11z
Stock Signaling
20 Oct 14 10:32:31
Top Upgrades: $TUBE $BK $TERP $OWW $WAL $MPC $UNM $SANM $ETFC $ALGN $RCI $BAK $STI $NWSA $AIG http://t.co/Vtx6dLy0Nw #markets #stockmarket
Market Int Center
20 Oct 14 09:42:38
Potential Marathon Petroleum $MPC Trade Targets 4.66% Return ( http://t.co/JvSA1OSdZo )
Lin/林莹君
19 Oct 14 16:54:51
Happy Sunday!Last week,S&P stocks broke support: $NFLX, $CL,$TAP, $MPC, $COF, $PBCT, $ABC, $GWW, $EBAY :-), there was none broke resistance.
Johnny Trades
18 Oct 14 15:14:06
$MPC Picture does not look pretty here.. H&S pattern https://t.co/hJcWsrADlH via
$Stocknewsalerts
17 Oct 14 13:07:15
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
Market Int Center
17 Oct 14 09:03:49
Potential Marathon Petroleum $MPC Trade Has 6.88% Downside Protection ( http://t.co/MFCgLuJY2k )
Samuel Brown
17 Oct 14 06:32:46
$MPC Marathon Petroleum Stock Getting Very Oversold http://t.co/cbY305pVbj
James P Worthy
17 Oct 14 06:32:44
$MPC Marathon Petroleum Corp Now Covered by Analysts at Barclays (MPC) http://t.co/QdZZbWXHF4
US Banking News
17 Oct 14 06:11:52
Marathon Petroleum Corp Receives Consensus Buy Rating from Analysts $MPC http://t.co/8S4fBHXfLn
Samuel Brown
17 Oct 14 05:31:51
$MPC Marathon Petroleum Corp Now Covered by Analysts at Barclays (MPC) http://t.co/kGqSUw32oH
holycharts
16 Oct 14 20:00:03
Sell-signal detected for 53 stocks: $AKAM $CSX $TXT $IPG $TWC $XYL $PCLN $STI $LNC $CMA $KLAC $APC $ADS $JOY $MPC $NFLX $EA $CNX $AMP ...
Ariel Silahian
16 Oct 14 12:58:03
Algorithmic trading: OPEN Oct/16 SELL: $WFM $ATML $TOL $HUN $MMC $PWE $MRVL $XEC $BBG $HOT $FCS $VSH $MPC $MTW $XLNX $NBL $DRYS $DNDN $TRP
Market Int Center
16 Oct 14 12:51:02
Marathon Petroleum $MPC Trading Near $73.00 Support Level ( http://t.co/fqRgtV0smZ )
Thomas Collins
16 Oct 14 11:32:36
$MPC Marathon Petroleum Stock Getting Very Oversold http://t.co/GlCceCUJt0
Samuel Brown
16 Oct 14 11:32:35
$MPC Marathon Petroleum Corp Now Covered by Analysts at Barclays (MPC) http://t.co/KoGQxOHeGh
Market Int Center
15 Oct 14 09:55:03
Marathon Petroleum $MPC Trading Near $75.44 Support Level ( http://t.co/nOqqhvPPWW )
OneChicago
15 Oct 14 06:58:01
$MPC Nov Block Trade: 355 trade. ~$2.7 MM notional value.
Large Void Bot
15 Oct 14 06:40:05
In Play: $VSR, $LAKE, $PPHM, $APT, $JNUG, $TVIX, $UVXY, $NUGT High Uncertainty: $MBLY, $JKS, $MPC
InterCooler
15 Oct 14 06:29:10
Marathon Petroleum Corp Given BBB+ Credit Rating by Morningstar $MPC http://t.co/orU9nC0liU
MICHAEL FILLOON
15 Oct 14 06:15:06
Refiners to Obama: Keep renewable fuel quotas down http://t.co/9YaQ8pFLVj $VLO, $TSO, $PSX, $ALJ, $MPC, $WNR, $HFC http://t.co/4cj2zpSOtN
4-traders.com
15 Oct 14 06:05:31
Marathon Petroleum : Market Updates on Oil and Gas Refining and Marketing Stocks - Pacific Ethanol, Green P... http://t.co/9vNCQg2ICU $MPC
				
				
By  +Follow July 30, 2013 12:20PM
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