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Marathon Oil Climbs Higher On Early Refinery Upgrades

By  +Follow July 30, 2013 12:20PM
Tickers Mentioned:

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
22 Nov 14 22:00:06
All-Time Highs: $AON $BRFS $BPL $MPC $ACMP $FL $KEYS $DLPH $HON $EEP $SBAC $SXL $ADM $SWFT $IPXL http://t.co/TRx9EnjwT5 #spy #analytics
22 Nov 14 21:00:08
Annual Highs: $AAWW $AON $BRFS $BPL $TSM $MPC $ACMP $KEYS $PPG $DLPH $HON $SIRO $EEP $PHM $RBA http://t.co/TRx9EnjwT5 #nasdaq #dow #trader
22 Nov 14 10:00:05
All-Time Highs: $AON $BRFS $BPL $MPC $ACMP $FL $KEYS $DLPH $HON $EEP $SBAC $SXL $ADM $SWFT $IPXL http://t.co/TRx9EnjwT5 #nasdaq #dow #nyse
22 Nov 14 09:00:07
Annual Highs: $AAWW $AON $BRFS $BPL $TSM $MPC $ACMP $KEYS $PPG $DLPH $HON $SIRO $EEP $PHM $RBA http://t.co/TRx9EnjwT5 #stocks #wallstreet
22 Nov 14 03:02:56
Weekly S&P500 #Stocks Trend $MAC $ROST $PETM $LOW $TSO $APD $BBY $DLTR $TMO $WHR $MHK $PPG $ABBV $MPC $CF @ http://t.co/RPeaHChahC
Brice Means
22 Nov 14 02:21:45
Couple of Stocks you should Watch $MPC $JW $ADI $CI Check out http://t.co/OmRh4ELVEa
Julissa Cato
22 Nov 14 01:40:15
Sick and Tired of losing money on $SHLD $MPC $BWC $NUAN #newsletter http://t.co/pjXfEy1hQA
Margart Kellum
22 Nov 14 01:02:16
Top #Stocks today. Find out why. $WLK $SHLD $MPC $QLYS #singedinvestor http://t.co/OyNti3cA6z
Sol Tillery
22 Nov 14 00:59:23
5 Stocks you should be watching $IRM $MPC $DCI $USD Visit http://t.co/i7eikGIKn0
Bertha Diaz
22 Nov 14 00:38:46
Latest Earnings info on $URI $RJF $MPC $GAIN Try this http://t.co/cR5LlSGiOO
Forrest Cowles
21 Nov 14 22:11:35
#Stock Watchlist you should be looking at $KEX $ALXN $MPC $CAG #liquidity http://t.co/DHhlaieVzF
21 Nov 14 22:00:05
All-Time Highs: $AON $BRFS $BPL $MPC $ACMP $FL $KEYS $DLPH $HON $EEP $SBAC $SXL $ADM $SWFT $IPXL http://t.co/TRx9EnjwT5 #daytrader #analyst
Stock Signaling
21 Nov 14 21:31:29
Yesterday's All-Time Highs: $AON $BRFS $BPL $MPC $KEYS $ACMP $HON $FL $PPG $RPM $DLPH $EEP $ZAYO $SXL $SBAC http://t.co/S9oPUZ8PN3 #finance
21 Nov 14 21:00:07
Annual Highs: $AAWW $AON $BRFS $BPL $TSM $MPC $ACMP $KEYS $PPG $DLPH $HON $SIRO $EEP $PHM $RBA http://t.co/TRx9EnjwT5 #spy #watchlist #nyse
Cayson Ventura
21 Nov 14 20:46:18
Is it breakout time on $MPC $SD $CBST $IBM Worth a look http://t.co/TlzrQpJ5GE
Devan Olivarez
21 Nov 14 19:03:59
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Katheleen Ventura
21 Nov 14 18:39:51
Did you lose money on $IFF $AXS $MPC $BWP #wallstreet http://t.co/JLzeowqMt3
Zandra Whitlock
21 Nov 14 18:35:51
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21 Nov 14 17:30:01
Giving thanks for big stock gains http://t.co/lBPkCKLFPp $CHK $CNX $NFX $MPC $S500 $DJI $COMP $NDX $MOVE $C $NCNB
21 Nov 14 16:15:52
Ethanol makers cheer as EPA punts on renewable fuel mandate decision http://t.co/pboJZK37An $TSO $VLO $MPC $PSX $WNR http://t.co/un5Bjq6lzl
Shaina Walden
21 Nov 14 16:06:18
#Stock Market Reports you need on $HD $MPC $NOV $AAPL View now http://t.co/96cdlvIFhx
21 Nov 14 16:03:03
S&P500 #Stocks Trend $ROST $ADSK $STJ $ABBV $CMI $TSO $BLK $A $MHK $EMR $EMN $SBUX $CF $MPC $MET $LNC $CA $APD @ http://t.co/RPeaHChahC
Alesia Quick
21 Nov 14 16:00:45
Great #Pennystock #research $CSX $MPC $MAR $SLW Must have http://t.co/E6RmMpyx7U
FinSentS SP500
21 Nov 14 15:30:45
$MPC:US Marathon Petroleum Corp Hits New 12-Month High at $97.94 (MPC) #MARATHON PETROLEUM CORP http://t.co/FAwjPMje9H #SP500
Necole Harter
21 Nov 14 15:23:19
Insider Trading alerts on $MPC $PL $PBCT $CBM I suggest http://t.co/xBIyqFUdm7
21 Nov 14 13:07:50
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
Keila Forte
21 Nov 14 12:45:01
#Stocks you migh want to Sell $SNDK $MPC $UAL $DO Must see http://t.co/3GnZvpMeKF
Lyndsay Fitzsimmons
21 Nov 14 12:02:16
Stocks I'm keeping my Eye on...should you? $FISV $JCI $MPC $USD Check out http://t.co/mCclVOMo9d
Noemi Whited
21 Nov 14 11:25:01
Todays movers to research $MPC $PEG $CTAS $LGND #StockMarket http://t.co/6CfQ8MXbnX
US Banking News
21 Nov 14 11:06:04
Marathon Petroleum Corp Hits New 12-Month High at $97.94 $MPC http://t.co/LLd4GPPuCd
Ticker Report
21 Nov 14 11:01:37
Marathon Petroleum Corp Hits New 12-Month High at $97.94 $MPC http://t.co/CSzNA18gTx
Julissa Cato
21 Nov 14 10:50:17
#Stocks you might want to hold onto $WLK $IT $MPC $NUAN #liquidity http://t.co/MU1TeKCFOj
21 Nov 14 10:00:05
All-Time Highs: $BPL $MPC $ACMP $FL $KEYS $DLPH $HON $EEP $SBAC $SXL $ADM $SWFT $IPXL $M $KMR http://t.co/Vv2VEnpBuv #mkt #analytics #spy
Mauricio Deluca
21 Nov 14 09:33:12
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Latoyia Martin
21 Nov 14 09:25:18
Latest Earnings info on $MPC $LUV $ARG $GRPN #NSE http://t.co/iF0oA9VAoL
Charis Hendricks
21 Nov 14 09:24:40
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21 Nov 14 09:00:06
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EPS Trader
21 Nov 14 08:01:37
$MPC is breaking out above $92.89 with positive earnings and a target of $97.34.
21 Nov 14 07:32:01
$MPC 20141219 Block Trade: 457 trade. ~$4.4 MM notional value.
German Hawa
21 Nov 14 07:27:02
Looking for more info on $MPC $NWL $CPRT $GRPN #economy http://t.co/O4rryZKoB7
Jeff Cooper
21 Nov 14 07:11:01
$MPC was a nice carry over long based on yday's Peekaboo New Closing High signal #energies
Media Sentiment
21 Nov 14 06:44:34
$MPC received a new alert. Find out why at http://t.co/nZwqRflcZX #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 158
Market Int Center
21 Nov 14 06:44:10
Marathon Petroleum $MPC Showing Bullish Technicals With Support At $92.84 ( http://t.co/P71pb3LLtl )
21 Nov 14 06:31:57
Are you considering selling $MPC $WCC $ETR $RT #equity http://t.co/jrwIt0j9Hq
21 Nov 14 05:25:48
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Walton Dunham
21 Nov 14 05:10:02
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Necole Diaz
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Zackery Hardesty
21 Nov 14 04:34:45
Looking for the next $QCOM $MPC $POM $LGND Give it a try http://t.co/gAMZyqou4o
Shaquita Foy
21 Nov 14 04:23:39
Small-cap stocks breaking 52-wk high prices $MPC $PG $PNC $SSO Worth a look http://t.co/LsVKiuBcpV
Aurelio Marquis
21 Nov 14 04:11:23
By  +Follow July 30, 2013 12:20PM



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