February 01, 2013 at 08:20 AM EST
Refiners Continue to Benefit From Access to Domestic Oil -- Marathon Petroleum and Phillips 66 Hit New 52-Week Highs
Research Driven Investing Provides Stocks Research on Marathon Petroleum and Phillips 66

NEW YORK, NY -- (Marketwire) -- 02/01/13 -- The Oil & Gas Refining & Marketing Industry experienced an impressive revival in 2012 as access to large supplies of North American crude have helped improved refiners profit margins. Bloomberg's S&P's Supercomposite Oil & Gas Refining & Marketing Index (S15OILR) has gained nearly 80 percent in the past year. Research Driven Investing examines investing opportunities in the Oil & Gas Refining & Marketing Industry and provides equity research on Marathon Petroleum Corp. (NYSE: MPC) and Phillips 66 (NYSE: PSX).

Access to the full company reports can be found at:

www.RDInvesting.com/MPC

www.RDInvesting.com/PSX

The emergence of hydraulic fracturing has unlocked large reserves of oil that were previously inaccessible. Access to these reserves has made North American crude a viable option for refiners. As of last Friday, U.S. West Texas Intermediate at Cushing, Oklahoma was priced at roughly $96 a barrel, nearly $20 less a barrel than the international benchmark Brent crude.

The Energy Information Administration (EIA) earlier this month reported that oil production in the U.S. surpassed the 7 million barrels per day mark, which is the highest level in nearly 20 years. The EIA forecasts U.S. oil production will increase an additional 14 percent in 2013.

Research Driven Investing releases regular market updates on the Oil & Gas Refining & Marketing Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

Marathon Petroleum is the nation's fifth-largest refiner, with a crude oil refining capacity of approximately 1.2 million barrels per calendar day in its six-refinery system. Shares of the company on Wednesday reached a new 52-week high of $73.40 after reporting strong fourth quarter results. Marathon reported fourth quarter earnings of $755 million, compared with a loss of $75 million in the year ago quarter.

Phillips 66's Refining and Marketing operations include 15 refineries with a net crude oil capacity of 2.2 million barrels per day, 10,000 owned or supplied branded marketing outlets, and 15,000 miles of pipeline systems. Shares of the company also reached a new 52-week of $62.91 after reporting earnings of $708 million in the fourth quarter.

Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

http://www.rdinvesting.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here