uploads///Throughput

This US Refiner Had the Highest Utilization Rate in 1Q17

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Nov. 20 2020, Updated 2:11 p.m. ET

Utilization rates among big US refiners

Refiners’ throughput and utilization rates indicate the quantity of oil and other feedstock processed as a percentage of total refining capacity. Tesoro (TSO) achieved a 92% refinery utilization rate in 1Q17—the highest among the select group of four US refiners that we’re analyzing in this series: Phillips 66 (PSX), Marathon Petroleum (MPC), Tesoro (TSO), and Valero Energy (VLO).

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MPC’s, VLO’s, and PSX’s utilization rates

By comparison, MPC and PSX had lower utilization rates of 83% and 84%, respectively, in 1Q17, while VLO’s refinery utilization rate stood at 91%.

For exposure to VLO, PSX, MPC, and TSO, you can always consider ETFS like the iShares Core S&P Total US Stock Market ETF (ITOT), which has ~6% exposure to the energy sector.

To learn more about how refiners’ market performances are shaping up in 2Q17, check out Market Realist’s series A Look at Refining Stocks’ Post-1Q17 Performance.

Continue to the next part of this series for a closer look at these US refiners’ refining yields.

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