U.S. Refiners Soaring in 2012 - Tesoro Shares Surge After BP Acquisition

The Paragon Report Provides Stock Research on Tesoro and Phillips 66

Marketwired

NEW YORK, NY--(Marketwire -08/15/12)- U.S. refining companies have soared in 2012 as new crude production from Texas and the Midwest has resulted in profits reaching their highest levels since 2007. According to data collected from Bloomberg, the difference between the cost of crude and the price companies could sell fuel in the April-June quarter was the largest margin for a second quarter at $29.05 a barrel. The Paragon Report examines investing opportunities in the Oil & Gas Refining & Marketing Industry and provides equity research on Tesoro Corp. (TSO) and Phillips 66 (PSX).

Access to the full company reports can be found at:

www.ParagonReport.com/TSO

www.ParagonReport.com/PSX

U.S. refiners have outperformed all other energy sectors in the S&P 500 Index with an average gain of 42 percent. In comparison the S&P 500 Integrated Oil & Gas Index has gained just 2.85 percent year-to-date. The industry's resurgence has even attracted famed investors Warren Buffett and Carl Icahn.

"The prospects for U.S. refiners have turned around dramatically," said John Auers, senior vice president of Turner Mason & Co., a petroleum and refinery consulting company. "Cheap crude has given an advantage to the U.S. refining system, already the most advanced, most complex and most efficient in the world."

Paragon Report 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Tesoro, through its subsidiaries, operates seven refineries in the western United States with a combined capacity of approximately 665,000 barrels per day. Shares of the company soared nearly 10 percent Monday after the company announced it had purchased BP's integrated Southern California refining and marketing business for $1.175 billion.

Phillips 66's Refining & Marketing business includes 15 refineries with a net crude oil capacity of 2.2 million barrels per day, 10,000 branded marketing outlets, and 15,000 miles of pipeline systems. The company's CEO Greg Garland recently stated in their second-quarter earnings conference call that have decided not to sell their Alliance refinery in Louisiana.

The Paragon Report 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:

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