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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
Alpha Maven Alerts
2 Sep 14 21:18:52
$MPC, Positive, Yesterday, SD +2.31, #NYSE #OilGas
Stock Headlines
2 Sep 14 15:33:59
$MPC: Ex-Div Reminder for Marathon Petroleum (MPC) http://t.co/kRCK95MhRW http://t.co/taW5AC0W4a
BV Basic Materials
2 Sep 14 15:26:25
$MPC Marathon Petroleum Corporation Prices $1.95 Billion Senior Notes Offering.. http://t.co/BgdubXuWv1
WKRB News
2 Sep 14 15:12:24
Investors Buy Large Volume of Call Options on Marathon Petroleum Corp $MPC http://t.co/CZAYo99YFT
US Banking News
2 Sep 14 14:51:42
Investors Buy High Volume of Marathon Petroleum Corp Call Options $MPC http://t.co/UItX6Pl4MA
Ticker Report
2 Sep 14 14:43:12
Investors Buy High Volume of Marathon Petroleum Corp Call Options $MPC http://t.co/reLBF5NWe8
Lightspeed
2 Sep 14 12:00:28
Call/Put Highest % volume changes: Calls: $MYL, $MPC, $XLI, $END, $SPLS. Puts: $NRF, $SPLS, $SD, $INVN, $MPC.
WSC
2 Sep 14 11:52:36
Big day for corporate bond issuance $MPC $WFC $COF $FITB before ECB meeting & US employment. See u in '16 @BlueAngels http://t.co/CwUewNOUlw
Market Int Center
2 Sep 14 11:12:37
Marathon Petroleum $MPC Trading Near $89.78 Support Level ( http://t.co/IWthkPLx2t )
Jody Lurie
2 Sep 14 11:00:20
Bring on the #NewIssaunce: $PAA, $MPC $LLOYD $BAC $NEE $WFC $BTMU -- must be the race to year-end. #GoodByeSummerSlowdown
Market Updater
2 Sep 14 09:33:57
$MPC: Marathon Petroleum Corp's “Neutral” Rating Reaffirmed at Zacks (MPC) http://t.co/vTva2ioEZ9 http://t.co/25eartCQqL
Anthony
2 Sep 14 09:16:59
RT @OptionAlert: Unusually heavy option volume on today's open include $HRB, $MPC, $SPLS, $UA, and $STZ.
Anthony
2 Sep 14 09:14:26
RT @WallStJesus: 🔥 HIGH CALL VOLUME »» $UGI 1576% $NVS 1468% $SPLS 660% $ASML 615% $CPWR 397% $MPC 392% $ALK 361% $DOW 325%
JE$US
2 Sep 14 09:04:30
🔥 HIGH CALL VOLUME »» $UGI 1576% $NVS 1468% $SPLS 660% $ASML 615% $CPWR 397% $MPC 392% $ALK 361% $DOW 325%
Livevol Community
2 Sep 14 09:00:04
HIGH CALL VOLU $UGI 1576% $NVS 1468% $SPLS 660% $ASML 615% $CPWR 397% $MPC 392% $ALK 361% $DOW 325% http://t.co/gwzPxhnztr
$Stocknewsalerts
2 Sep 14 08:58:28
$MPC ALERT: Marathon Petroleum Corporation SEC Filing From our Stock News Alerts App
$Stocknewsalerts
2 Sep 14 08:56:06
$MPC Marathon Petroleum Corporation Announces Proposed Offering of Senior Notes From our Stock News Alerts App
Long-Short Hedgie
2 Sep 14 08:43:12
#Took #Profit Sep 90 Calls $MPC ... +180%
CBOE TV
2 Sep 14 08:24:37
In the Money $MPC weeklys, $TSLA zooms, $HRB &interview w @KeeneOnMarket: $STX, $ASML & $ALTR @AngieMiles reports $$ http://t.co/qgFPmiLyxJ
4-traders.com
2 Sep 14 08:10:03
Marathon Petroleum : Announces Proposed Offering of Senior Notes http://t.co/HciCS9AG9M $MPC
Briefing.com
2 Sep 14 08:06:22
$MPC: Marathon Petroleum announces proposed offering of senior notes http://t.co/XQMZxVapiV
Market Compass
2 Sep 14 07:33:59
$MPC: Marathon Petroleum 2Q profit rises 44 percent http://t.co/aqPfjKOoBg http://t.co/EnoAmm73nk
Lightspeed
2 Sep 14 07:29:49
Call/Put Highest % volume changes: Calls: $MPC, $UA, $NVS, $S, $SPLS. Puts: $NRF, $S, $WDC, $DG, $MPC.
Anthony
2 Sep 14 07:17:21
RT @WallStJesus: $MPC closing action in Sep 90 calls this morning for 2.30, 11,000x. They were bought up bout month ago for 1.60 - 1.80
Option Alert
2 Sep 14 07:16:21
Unusually heavy option volume on today's open include $HRB, $MPC, $SPLS, $UA, and $STZ.
JE$US
2 Sep 14 07:00:59
$MPC closing action in Sep 90 calls this morning for 2.30, 11,000x. They were bought up bout month ago for 1.60 - 1.80
Livevol Community
2 Sep 14 06:55:05
Block Trade: 9:39 $MPC Sep20 90 C (PHLX) 2.30 6030x Today's Full Report: http://t.co/hxfooeOQvC
BV Basic Materials
2 Sep 14 06:00:27
$MPC Marathon Petroleum Corporation Announces Proposed Offering of Senior Notes.. http://t.co/WUTgTdX6Fi
Biz News Pioneer
2 Sep 14 04:33:48
$MPC: Storm The Castle: Marathon Petroleum (MPC) http://t.co/8ZlEzVPQvL http://t.co/usk2KoP86P
FonsieTrader
2 Sep 14 04:31:46
Bearish MACD Crossovers $ABT $ACI $ANR $APP $BIG $CAR $FREE $HT $HF $IRBT $JBLU $MDR $MPC $OVTI $RHI $ZOES $SAVE $WU http://t.co/VFf1SLUM8I
Точка Входа.Трейдинг
2 Sep 14 02:45:01
Идеи long / / $GILD $MPC $HOT $HES $EW $MCK $NOV $HCA &#.. http://t.co/Y9FpQQciOA
4-traders.com
1 Sep 14 08:56:16
S&P 500 Movers: BBY, NBR http://t.co/qc51AoWAC9 $BBY $MPC $AMG
James P Worthy
1 Sep 14 07:31:22
$MPC Marathon Petroleum Corporation Earnings: Market Conditions Improving http://t.co/VvSMUy8kkg
Edward Gofsky
31 Aug 14 15:50:28
RT @RaginCajun: Weekend Top 100 | Momentum Trading with RaginCajun http://t.co/oTo0dZLNyL $CSCO $T $TSM $PHM $MPC $HES $RES
paul benwell
31 Aug 14 15:45:30
RT @RaginCajun: Weekend Top 100 | Momentum Trading with RaginCajun http://t.co/oTo0dZLNyL $CSCO $T $TSM $PHM $MPC $HES $RES
Mr. Breakout
31 Aug 14 14:20:42
RT @RaginCajun: Weekend Top 100 | Momentum Trading with RaginCajun http://t.co/oTo0dZLNyL $CSCO $T $TSM $PHM $MPC $HES $RES
RC
31 Aug 14 14:14:04
Weekend Top 100 | Momentum Trading with RaginCajun http://t.co/oTo0dZLNyL $CSCO $T $TSM $PHM $MPC $HES $RES
Business News
31 Aug 14 11:33:46
$MPC: 3 Stocks Showing Strength During Market Weakness http://t.co/YworpTD2CB http://t.co/cHhXbS5t9w
FinancialTrader
31 Aug 14 09:07:54
$MPC $TSO $psx $vlo consolidating nicely here. keep eye on this closely this week
Njonjo Ndehi
31 Aug 14 02:13:34
My favourite stocks ranked by hotness. $GILD $XOM $AAPL $JNJ $GE $DIS $CVX $MPC $CMCSA $HD $LYB $BIIB $UNP $EL $DTV http://t.co/s9pViLJiqE
Market Compass
30 Aug 14 21:33:45
$MPC: Insider Selling: Marathon Petroleum Corp VP Unloads 1871 Shares of Stock ... http://t.co/0S2lezvTEI http://t.co/xxRlnWTOKu
Daily Contracts
30 Aug 14 20:42:10
$MPC News: Term Loan Agreement Dated As Of August... http://t.co/Wbz6QkarWB #termloanagreement #vermont
Derald Muniz
30 Aug 14 09:03:24
The Fab 5 update http://t.co/oF43xgcfvL $AMT $CELG $DECK $GILD $R $WLK $MPC $MDVN $WDAY $SWK $CB $IVE $PEP $WLL
Derald Muniz
30 Aug 14 08:49:46
Submarine Basket update http://t.co/Sq7OE5Q5V1 $ASPS $BBBY $CBI $GNRC $GRMN $MPC $TGT $THOR $TSCO $WDAY $WWE
Business News Now
30 Aug 14 07:33:46
$MPC: Why crude oil inventories and prices increased after the report http://t.co/ERJXJBwOqZ http://t.co/MBoswa4iQU
FonsieTrader
30 Aug 14 07:13:37
Bearish MACD Crossovers 2/2 $IRBT $JBLU $MCGC $MDR $MPC $MTL $NMBL $NYMT $OVTI $RHI $SAVE $SLG $SNI $TAP $WU $ZOES http://t.co/72RWG1hzDY
Business News Now
29 Aug 14 14:33:45
$MPC: Marathon Petroleum Signs 5-Year Term Loan Deal for $700M http://t.co/8Cxuwglihs http://t.co/OE3NUkeLu1
$Stocknewsalerts
29 Aug 14 14:32:23
$MPC ALERT: Marathon Petroleum Corporation SEC Filing From our Stock News Alerts App
BV Basic Materials
29 Aug 14 14:31:06
$MPC Marathon Petroleum Corp files Form 8-K (Events or Changes Between Quarterly Reports) SEC Filing.. http://t.co/XTSkZdPUNZ
$Stocknewsalerts
29 Aug 14 13:06:19
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
				
				
By  +Follow July 30, 2013 12:20PM
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