Saturday, July 14, 2018

Oil Refiners

Petroleum refineries convert crude oil into many petroleum products. Most refineries focus on producing transportation fuels -- gasoline, jet and ship fuel, etc.

On average, U.S. refineries produce, from a 42-gallon barrel of crude oil, about 20 to 19 gallons of motor gasoline, 12 gallons of distillate fuel distillate fuel, most of which is sold as diesel fuel, and 4 gallons of jet fuel.

There are more than 600 refineries operating globally.  The 3 largest ones: Jamnagar Refinery (Reliance Industries) in India;  Paraguana Refinery Complex (PDVSA) in Venezuela; SK Energy Ulsan Refinery (SK Energy) in South Korea.

(by market cap)
   Ticker  Company name Mkt Cap
PXE  -- Refinery-heavy ETF
  • PSX      Phillips 66       57.36B
  • VLO     Valero Energy  49.98B
  • MPC     Marathon Petroleum 36.81B
  • ANDV Andeavor 21.26B  (acquired by Marathon Petroleum (MPC) in 4/18)  
  • HFC  HollyFrontier 11.94B
  • UGP  Ultrapar Participacoes S.A. (Brazil) 9.41B
  • SHI  Sinopec Shanghai Petrochemical (China) 9.11B
  • PSXP  Phillips 66 Partners 6.12B
  • PBF   PBF Energy  4.52B
  • VVV   Valvoline Inc.  4.18B
  • DK    Delek US Holdings  3.99B
  • CVI   CVR Energy   3.46B
  • CVRR  CVR Refining, LP 2.78B
  • SUN   Sunoco LP   2.72B
  • INT   World Fuel Services 1.54B
  • NGL   NGL Energy Partners LP 1.40B
  • PARR  Par Pacific Holdings  798.29M
  • CAPL  CrossAmerica Partners LP   616.25M
  • CLMT  Calumet Specialty Products Partners, L.P.  550.08M
  • REGI  Renewable Energy Group, Inc.  538.04M
  • BPT   BP Prudhoe Bay Royalty Trust  530.72M
  • SRLP  Sprague Resources LP  520.71M
  • FGP   Ferrellgas Partners, L.P.  349.33M
  • AE    Adams Resources & Energy  197.17M
  • PEIX  Pacific Ethanol, Inc.   157.38M


Charts by ave daily vol // click for live daily chart


(*)  Andeavor (ANDV), formerly Tesoro, it changed its name in 2017, after it bought Western Refining for $6.4 billion. In 2017, Andeavor generated 45% of its Ebitda, or earnings before interest, taxes, depreciation, and amortization, from refining; 26% from marketing, or selling fuel, Twinkies, and more via 3,250 service stations under banners like Arco, Shell and Mobil; and 29% through majority ownership of Andeavor Logistics (ANDX), a limited partnership with pipelines, terminals, and other assets.

ExxonMobil oil refinery in Baton Rouge, Louisiana (the fourth-largest in the United States) 

©Artremis / last update JKM 12-May-18

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