U.S. Refinery Overview Courtesy of EIA
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.4%
EPS Growth %: +481.8%
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As of January 1, 2012, there were 144 operable refineries in the Unites States with capacity totaling 17.3 million barrels per day, according to a report today by the EIA.
On Jan. 1st, 2012 capacity in the U.S. was 414k barrels lower than in January 1, 2011. The decreased capacity is due to the closure of two refineries in Pennsylvania, Sunoco's (NYSE: SUN) Marcus Hook refinery and the ConocoPhillips' (NYSE: COP) Trainer refinery.
Delta Airlines (NYSE: DAL) agree to purchase the Trainer plant earlier this year, although statements from the company this month say they are not likely to sell fuel on the open market.
The fate of the second refinery in Pennsylvania is unclear now that Energy Transfer Partners (NYSE: ETP) agreed to acquire Sonoco in a $5.3 billion deal.
In 2012, there was a 325K barrel capacity development at the Motiva refinery in Port Arthur, TX, but an industrial accident in June has clouded expansion.
The top rankings by corporate capacity are mostly unchanged from the last two years, notes the EIA report. With the closure of Sunoco's Marcus Hook refinery, private company, PBF Energy Corp, now leads the East Coast (PADD 1) with 29 percent of its capacity.
Marathon Oil Corporation (NYSE: MRO) leads in the Midwest (PADD 2) with 17 percent.
ExxonMobil Corporation (NYSE: XOM) has 16 percent of the capacity in the Gulf Coast (PADD 3).
In the Rocky Mountains (PADD 4), Suncor Energy Inc.(NYSE: SU) leads with 17 percent of capacity.
Chevron Corporation (NYSE: CVX) has the most capacity in the West Coast (PADD 5) with 18 percent.
On Jan. 1st, 2012 capacity in the U.S. was 414k barrels lower than in January 1, 2011. The decreased capacity is due to the closure of two refineries in Pennsylvania, Sunoco's (NYSE: SUN) Marcus Hook refinery and the ConocoPhillips' (NYSE: COP) Trainer refinery.
Delta Airlines (NYSE: DAL) agree to purchase the Trainer plant earlier this year, although statements from the company this month say they are not likely to sell fuel on the open market.
The fate of the second refinery in Pennsylvania is unclear now that Energy Transfer Partners (NYSE: ETP) agreed to acquire Sonoco in a $5.3 billion deal.
In 2012, there was a 325K barrel capacity development at the Motiva refinery in Port Arthur, TX, but an industrial accident in June has clouded expansion.
The top rankings by corporate capacity are mostly unchanged from the last two years, notes the EIA report. With the closure of Sunoco's Marcus Hook refinery, private company, PBF Energy Corp, now leads the East Coast (PADD 1) with 29 percent of its capacity.
Marathon Oil Corporation (NYSE: MRO) leads in the Midwest (PADD 2) with 17 percent.
ExxonMobil Corporation (NYSE: XOM) has 16 percent of the capacity in the Gulf Coast (PADD 3).
In the Rocky Mountains (PADD 4), Suncor Energy Inc.(NYSE: SU) leads with 17 percent of capacity.
Chevron Corporation (NYSE: CVX) has the most capacity in the West Coast (PADD 5) with 18 percent.
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