SOURCE: Five Star Equities

Five Star Equities

September 07, 2012 08:20 ET

Valero Energy and Phillips 66 Restart Last Three Refineries Shutdown by Hurricane Isaac

Five Star Equities Provides Stock Research on Valero Energy and Phillips 66

NEW YORK, NY--(Marketwire - Sep 7, 2012) - Oil refining stocks have continued to outperform the broader markets by a wide margin in 2012. The S&P Supercomposite Oil & Gas Refining & Marketing Index (S15OILR) has gained nearly 50 percent year-to-date compared to the 12 percent gain by the S&P 500 Index over the same period. Five Star Equities examines the outlook for companies in the Oil & Gas Refining & Marketing Industry and provides equity research on Valero Energy Corporation (NYSE: VLO) and Phillips 66 (NYSE: PSX).

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Refiners are slowly coming back online after Hurricane Isaac forced companies to shutdown refineries across the Gulf Coast. Valero Energy Corp. and Phillips 66 on Tuesday restarted the last three refineries that had been shut down as a result of the hurricane. According to the U.S. Department of Energy roughly 1.3 million barrels a day of refining capacity had been shut down during the peak of the storm.

The U.S. government has waived some federal anti-smog rules in eight states (Louisiana, Mississippi, Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee) to help ease tight gasoline supplies. Refineries in those states will now be allowed to use a special blend of gasoline normally banned in the summer season.

Five Star Equities 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 and get exclusive access to our numerous stock reports and industry newsletters.

Valero Energy controls 16 petroleum refineries with a combined throughput capacity of approximately 3 million barrels per day. The company began the restart process on their St. Charles and Meraux refineries in Louisiana on Tuesday. The company recently reported that they have decided to convert their Aruba refinery to a refined products terminal.

Phillips 66's Refining & Marketing operations include 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 recently reported that Kinder Morgan Energy Partners has agreed to transport Eagle Ford crude and condensate to Phillips 66's Sweeny Refinery in Brazoria County, Texas.

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