Abstract
US Refining Industry to 2012 Investment Opportunities, Analysis and Forecasts
of All Active and Planned Refineries in the US
Summary
This profile is the essential source for top-level industry data and
information relating to the refining industry in the US. It provides asset
level information relating to the active and planned refineries. The profiles
of the major companies operating in the refining industry are also included in
the report. The latest news and deals pertaining to the sector are also
provided and analyzed.
Scope
・ Updated information relating to all active and planned refineries in the
US.
・ Provides historical and forecast data and information on overall
capacity and capacities of major units for each refinery
・ Details
operators and equity partners of each refinery and the changes in the
operators and equity partners since 2000
・ Includes information relating
to refinery start date, location and unit capacities
・ Information on the
top refining companies including business description, strategic analysis, and
financial information.
・ Product and brand updates, strategy changes, R&D
projects, corporate expansions and contractions and regulatory changes.
・
Key mergers and acquisitions, partnerships, private equity investments and
IPOs.
Reasons to buy
・ Obtain the most up to date information available on all active and planned
refineries in the US
・ Identify growth segments and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends
・ Facilitate decision making on the basis of strong historic and
forecast refinery and unit capacity data
・ Assess your competitor' s
refining portfolio and its evolution
・ Understand and respond to your
competitors business structure, strategy and prospects.
・ Develop
strategies based on the latest operational, financial, and regulatory events.
・ Do deals with an understanding of how competitors are financed, and the
mergers and partnerships that have shaped the market.
・ Identify and
analyze the strengths and weaknesses of the leading companies in the US.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 11
2 Introduction 12
2.1 What is This Report About? 12
2.2 How to Use
This Report? 12
2.3 Market Definition 12
3 The United States Refining
Industry 13
3.1 The United States Refining Industry, Overview 13
3.2
The United States Refining Industry, Key Trends, Drivers, and Challenges
17
3.3 The United States Refinery Industry, Gulf Coast 18
3.4 The
United States Refinery Industry, Midwest 27
3.5 The United States Refinery
Industry, West Coast 32
3.6 The United States Refinery Industry, East
Coast 37
3.7 The United States Refinery Industry, Rocky Mountain 40
4
ExxonMobil Corporation 45
4.1 ExxonMobil Corporation, Key Facts 45
4.2
ExxonMobil Corporation, Company Overview 45
4.3 ExxonMobil Corporation,
Business Description 45
4.4 ExxonMobil Corporation, Value Chain Analysis
48
4.5 ExxonMobil Corporation, SWOT Analysis 50
4.6 ExxonMobil
Corporation, United States Refining Operations 56
4.7 ExxonMobil
Corporation, Revenue Analysis 63
4.8 ExxonMobil Corporation, Financial and
Operational Review 65
4.9 ExxonMobil Corporation, Key Industry Specific
Ratios 66
5 Royal Dutch Shell plc 67
5.1 Royal Dutch Shell plc, Key
Facts 67
5.2 Royal Dutch Shell plc, Company Overview 68
5.3 Royal
Dutch Shell plc, Business Description 69
5.4 Royal Dutch Shell plc, Value
Chain Analysis 77
5.5 Royal Dutch Shell plc, SWOT Analysis 80
5.6
Royal Dutch Shell plc, United States Refining Operations 84
5.7 Royal
Dutch Shell Plc, Revenue Analysis 92
5.8 Royal Dutch Shell Plc, Financial
and Operational Overview 94
5.9 Royal Dutch Shell Plc, Key Industry
Specific Ratios 96
6 Total S.A. 99
6.1 Total S.A., Key Facts 99
6.2 Total S.A., Company Overview 99
6.3 Total S.A., Business Description
100
6.4 Total S.A., Value Chain Analysis 106
6.5 Total S.A., SWOT
Analysis 109
6.6 Total S.A. United States Refining Operations 113
6.7
Total S.A., Revenue Analysis 118
6.8 Total S.A., Financial and Operational
Review 120
6.9 Total S.A., Key Industry Specific Ratios 121
7 Chevron
Corporation 123
7.1 Chevron Corporation, Key Facts 123
7.2 Chevron
Corporation, Company Overview 123
7.3 Chevron Corporation, Business
Description 124
7.4 Chevron Corporation, Value Chain Analysis 127
7.5
Chevron Corporation, SWOT Analysis 130
7.6 Chevron Corporation, United
States Refining Operation 135
7.7 Chevron Corporation, Revenue Analysis
143
7.8 Chevron Corporation, Financial and Operational Review 144
7.9
Chevron Corporation, Key Industry Specific Ratios 145
8 ConocoPhillips
146
8.1 ConocoPhillips, Key Facts 146
8.2 ConocoPhillips, Company
Overview 146
8.3 ConocoPhillips, Business Description 146
8.4
ConocoPhillips, Value Chain Analysis 154
8.5 ConocoPhillips, SWOT Analysis
157
8.6 ConocoPhillips, United States Refining Operation 162
8.7
ConocoPhillips, Revenue Analysis 169
8.8 ConocoPhillips, Financial and
Operational Review 172
8.9 ConocoPhillips, Key Industry Specific Ratios
174
9 Petroleo Brasileiro S.A. 176
9.1 Petroleo Brasileiro S.A., Key
Facts 176
9.2 Petroleo Brasileiro S.A., Company Overview 176
9.3
Petroleo Brasileiro S.A., Business Description 176
9.4 Petroleo Brasileiro
S.A., SWOT Analysis 183
9.5 Petroleo Brasileiro S.A., United States
Refinery Operation 187
9.6 Petroleo Brasileiro S.A., Revenue Analysis
190
9.7 Petroleo Brasileiro S.A., Financial and Operational Review 193
9.8 Petroleo Brasileiro S.A., Key Industry Specific Ratios 196
10 Valero
Energy Corporation 197
10.1 Valero Energy Corporation, Key Facts 197
10.2 Valero Energy Corporation, Company Overview 197
10.3 Valero Energy
Corporation, Business Description 197
10.4 Valero Energy Corporation,
Value Chain Analysis 201
10.5 Valero Energy Corporation, SWOT Analysis
202
10.6 Valero Energy Corporation' s Refining Operations, United States
205
10.7 Valero Energy Corporation, Revenue Analysis 213
10.8 Valero
Energy Corporation, Financial and Operational Review 214
10.9 Valero
Energy Corporation, Key Industry Specific Ratios 216
11 The United States,
Refining Industry, Deals Landscape 217
11.1 Acquisition 217
11.2
Private Equity 222
11.3 IPO 224
11.4 Debt Offerings 233
11.5
Partnership 246
11.6 Asset Transactions 251
12 The United States,
Refining Industry, Recent Developments 259
12.1 License Awards 259
12.2 Strategy and Business Expansion 259
12.3 Financial Announcements
260
12.4 Other Significant Developments 294
13 Appendix 303
13.1
Methodology 303
13.2 Units of Measure 305
13.3 Contact Us 306
13.4
About Global Markets Direct 306
13.5 Disclaimer 306
1.1 List of
Tables
Table 1: United States, Refinery Key Statistics 2007 18
Table
2: United States, Refining Capacity Region-wise (MMTPA), 2000-2012 19
Table 3: United States, Refining Capacity Company-wise (MMTPA), 2000-2012
20
Table 4: North America, Crude Distillation Unit Capacity in The U.S.
Gulf Coast (MMTPA), 2000-2012 24
Table 5: North America, Crude
Distillation Unit Capacity in The U.S. Gulf Coast (MMTPA), 2000-2012 (Contd.)
25
Table 6: North America, Crude Distillation Unit Capacity in The U.S.
Gulf Coast (MMTPA), 2000-2012 (Contd.) 26
Table 7: North America, Coking
Unit Capacity in The U.S. Gulf Coast (MMTPA), 2000-2012 27
Table 8: North
America, Coking Unit Capacity in The U.S. Gulf Coast (MMTPA), 2000-2012
(Contd.) 28
Table 9: North America, Fluid Catalytic Cracking Unit Capacity
in The U.S. Gulf Coast (MMTPA), 2000-2012 29
Table 10: North America,
Fluid Catalytic Cracking Unit Capacity in The U.S. Gulf Coast (MMTPA),
2000-2012 (Contd.) 30
Table 11: North America, Hydrocracking Unit
Capacity in The U.S. Gulf Coast (MMTPA), 2000-2012 31
Table 12: North
America, Crude Distillation Unit Capacity in The U.S. Midwest (MMTPA),
2000-2012 32
Table 13: North America, Crude Distillation Unit Capacity in
The U.S. Midwest (MMTPA), 2000-2012 (Contd.) 33
Table 14: North America,
Coking Unit Capacity in The U.S. Midwest (MMTPA), 2000-2012 34
Table 15:
North America, Fluid Catalytic Cracking Unit Capacity in The U.S. Midwest
(MMTPA), 2000-2012 35
Table 16: North America, Hydrocracking Unit Capacity
in The U.S. Midwest (MMTPA), 2000-2012 36
Table 17: North America, Crude
Distillation Unit Capacity in The U.S. West Coast (MMTPA), 2000-2012 37
Table 18: North America, Crude Distillation Unit Capacity in The U.S. West
Coast (MMTPA), 2000-2012 (Contd.) 38
Table 19: North America, Coking Unit
Capacity in The U.S. West Coast (MMTPA), 2000-2012 39
Table 20: North
America, Fluid Catalytic Cracking Unit Capacity in The U.S. West Coast
(MMTPA), 2000-2012 40
Table 21: North America, Hydrocracking Unit Capacity
in The U.S. West Coast (MMTPA), 2000-2012 41
Table 22: North America,
Crude Distillation Unit Capacity in The U.S. East Coast (MMTPA), 2000-2012
42
Table 23: North America, Coking Unit Capacity in The U.S. East Coast
(MMTPA), 2000-2012 43
Table 24: North America, Fluid Catalytic Cracking
Unit Capacity in The U.S. East Coast (MMTPA), 2000-2012 44
Table 25:
North America, Hydrocracking Unit Capacity in The U.S. East Coast (MMTPA),
2000-2012 44
Table 26: North America, Crude Distillation Unit Capacity in
The U.S. Rocky Mountain (MMTPA), 2000-2012 46
Table 27: North America,
Coking Unit Capacity in The U.S. Rocky Mountain (MMTPA), 2000-2012 47
Table 28: North America, Fluid Catalytic Cracking Unit Capacity in The U.S.
Rocky Mountain (MMTPA), 2000-2012 48
Table 29: North America,
Hydrocracking Unit Capacity in The U.S. Rocky Mountain (MMTPA), 2000-2012
49
Table 30: ExxonMobil Corporation, Key Facts, 2006 50
Table 31:
ExxonMobil Corporation, SWOT Analysis,, 2006 56
Table 32: ExxonMobil
Corporation, Refinery Key Statistics, 2007 61
Table 33: ExxonMobil
Corporation, Refining Capacity Country-Wise (MMTPA), 2000-2012 62
Table
34: ExxonMobil Corporation, Crude Distillation Unit Capacity In The United
States (MMTPA), 2000-2012 64
Table 35: ExxonMobil Corporation, Coking Unit
Capacity In The United States (MMTPA), 2000-2012 65
Table 36: ExxonMobil
Corporation, Fluid Catalytic Cracking Unit Capacity In The United States
(MMTPA), 2000-2012 66
Table 37: ExxonMobil Corporation, Hydrocracking
Unit Capacity In The United States (MMTPA), 2000-2012 67
Table 38:
ExxonMobil Corporation, Revenue by Segment, USD Million, 2005-2006 68
Table 39: ExxonMobil Corporation, Revenue by Geography, USD Million,
2005-2006 69
Table 40: ExxonMobil Corporation Financial and
Operational Overview, 2006-2002 70
Table 41: ExxonMobil Corporation
Financial and Operational Overview, 2006-2002(Contd..) 71
Table 42:
ExxonMobil Corporation Key Industry-specific Ratios, 2007-2003 71
Table
43: Royal Dutch Shell plc, Key Facts, 2006 72
Table 44: Royal Dutch
Shell plc, SWOT Analysis,, 2006 85
Table 45: Royal Dutch Shell plc,
Refinery Key Statistics, 2007 89
Table 46: Royal Dutch Shell plc, Refining
Capacity Country-Wise (MMTPA), 2000-2012 90
Table 47: Royal Dutch Shell
plc, Crude Distillation Unit Capacity In The United States (MMTPA), 2000-2012
93
Table 48: Royal Dutch Shell plc, Coking Unit Capacity In The United
States (MMTPA), 2000-2012 94
Table 49: Royal Dutch Shell plc, Fluid
Catalytic Cracking Unit Capacity In The United States (MMTPA), 2000-2012
95
Table 50: Royal Dutch Shell plc, Hydrocracking Unit Capacity In The
United States (MMTPA), 2000-2012 96
Table 51: Royal Dutch Shell Plc,
Revenue by Segment, USD Million, 2005-2006 97
Table 52: Royal Dutch
Shell Plc, Revenue by Geography, USD Million, 2005-2006 98
Table 53:
Royal Dutch Shell Plc Financial and Operational Overview, 2006-2002 99
Table 53: Royal Dutch Shell Plc Financial and Operational Overview,
2006-2002(Contd) 100
Table 54 Royal Dutch Shell Plc Key Industry-specific
Ratios, 2006-2002 101
Table 54 Royal Dutch Shell Plc Key Industry-specific
Ratios, 2006-2002 102
Table 54 Royal Dutch Shell Plc Key
Industry-specific Ratios, 2006-2002 103
Table 56: Total S.A., Key Facts,
2006 104
Table 57: Total S.A., SWOT Analysis,, 2006 114
Table 58:
Total S.A., Refinery Key Statistics, 2007 118
Table 59: Total S.A.,
Refining Capacity Country-Wise (MMTPA), 2000-2012 119
Table 60: Total
S.A., Crude Distillation Unit Capacity In The United States (MMTPA), 2000-2012
121
Table 61: Total S.A., Fluid Catalytic Cracking Unit Capacity In The
United States (MMTPA), 2000-2012 122
Table 62: Total S.A., Hydrocracking
Unit Capacity In The United States (MMTPA), 2000-2012 122
Table 63 :
Total S.A., Revenue by Segment, INR Million, 2005-2006 123
Table 64:
Total S.A., Revenue by Geography, INR Million, 2005-2006 124
Table 65:
Total S.A., Financial and Operational Overview, 2002-2006 125
Table 66:
TOTAL S.A. Key Industry-specific Ratios, 2006-2002 126
Table 67: Chevron
Corporation, Key Facts, 2006 128
Table 68: Chevron Corporation, SWOT
Analysis,, 2006 136
Table 69: Chevron Corporation, Refinery Key
Statistics, 2007 140
Table 70: Chevron Corporation, Refining Capacity
Country-Wise (MMTPA), 2000-2012Country-Wise (MMTPA), 2000-2012 141
Table
71: Chevron Corporation, Crude Distillation Unit Capacity In United States
(MMTPA), 2000-2012 144
Table 72: Chevron Corporation, Coking Unit Capacity
In United States (MMTPA), 2000-2012 145
Table 73: Chevron Corporation,
Fluid Catalytic Cracking Unit Capacity In United States (MMTPA), 2000-2012
146
Table 74: Chevron Corporation, Hydrocracking Unit Capacity In United
States (MMTPA), 2000-2012 147
Table 75: Chevron Corporation, Financial
and Operational Overview, 2002-2006 149
Table 76: Chevron Corporation,
Key Industry-specific Ratios, 2002-2006 150
Table 77: ConocoPhillips,
Key Facts, 2006 151
Table 78: ConocoPhillips, SWOT Analysis, 2006
162
Table 79: ConocoPhillips, Refinery Key Statistics, 2007 167
Table
80: ConocoPhillips, Refining Capacity Country-Wise (MMTPA), 2000-2012 168
Table 81: ConocoPhillips, Crude Distillation Unit Capacity In The United
States (MMTPA), 2000-2012 171
Table 82: ConocoPhillips, Coking Unit
Capacity In The United States (MMTPA), 2000-2012 172
Table 83:
ConocoPhillips, Fluid Catalytic Cracking Unit Capacity In The United States
(MMTPA), 2000-2012 173
Table 84: ConocoPhillips, Hydrocracking Unit
Capacity In The United States (MMTPA), 2000-2012 174
Table 85:
ConocoPhillips, Revenue by Segment, USD Million, 2005-2006 175
Table 86:
ConocoPhillips, Revenue by Geography, USD Million, 2005-2006 176
Table
87: ConocoPhillips Financial and Operational Overview, 2006-2002 177
Table 87: ConocoPhillips Financial and Operational Overview,
2006-2002(Contd..) 178
Table 88: ConocoPhillips Financial and
Operational Overview, 2006-2002, (contd..) 178
Table 89:
ConocoPhillips Key Industry-specific Ratios, 2006-2002 179
Table 90:
Petroleo Brasileiro S.A.,Key Facts, 2006 181
Table 91: Petroleo
Brasileiro S.A., SWOT Analysis, 2006 188
Table 92: Petroleo Brasileiro
S.A., Refinery Key Statistics, 2007 192
Table 93: Petroleo Brasileiro
S.A., Refining Capacity Country-wise (MMTPA), 2000-2012 192
Table 94:
Petroleo Brasileiro S.A., Crude Distillation Unit Capacity in The United
States (MMTPA), 2000-2012 194
Table 95: Petroleo Brasileiro S.A., Coking
Unit Capacity in The United States (MMTPA), 2000-2012 195
Table 96:
Petroleo Brasileiro S.A., Fluid Catalytic Cracking Unit Capacity in The United
States (MMTPA), 2000-2012 195
Table 97: Petroleo Brasileiro S.A.,
Revenue by Segment, USD Million, 2004-2005 196
Table 98: Petroleo
Brasileiro S.A., Revenue by Geography, USD Million, 2004-2005 197
Table
99: Petroleo Brasileiro S.A. Financial and Operational Overview,
2006-2002 198
Table 99: Petroleo Brasileiro S.A. Financial and
Operational Overview, 2006-2002(Contd..) 199
Table 100: Petroleo
Brasileiro S.A. Financial and Operational Overview, 2006-2002 (Contd..)
200
Table 101: Petroleo Brasileiro S.A. Key Industry-specific Ratios,
2006-2002 201
Table 102: Valero Energy Corporation, Key Facts, 2006
202
Table 103: Valero Energy Corporation, SWOT Analysis, 2006 208
Table 104: Valero Energy Corporation, Refinery Key Statistics, 2007 210
Table 105: Valero Energy Corporation, Refining Capacity Country-Wise
(MMTPA), 2000-2012 211
Table 106: Valero Energy Corporation, Crude
Distillation Unit Capacity In The United States (MMTPA), 2000-2012 214
Table 107: Valero Energy Corporation, Coking Unit Capacity In The United
States (MMTPA), 2000-2012 215
Table 108: Valero Energy Corporation,
Fluid Catalytic Cracking Unit Capacity In The United States (MMTPA), 2000-2012
216
Table 109: Valero Energy Corporation, Hydrocracking Unit Capacity
In The United States (MMTPA), 2000-2012 217
Table 110: Valero Energy
Corporation, Revenue by Segment, USD Million, 2005-2006 218
Table 111:
Valero Energy Corporation, Revenue by Geography, USD Million, 2005-2006
219
Table 112: Valero Energy Corporation Financial and Operational
Overview, 2006-2002 219
Table 113: Valero Energy Corporation Financial
and Operational Overview, 2006-2002 (Contd.) 220
Table 114: Valero
Energy Corporation Key Industry-specific Ratios, 2006-2002 221
1.2
List of Figures
Figure 1: United States, Region-Wise Share Vis-á-vis
Growth in Refining Capacity, 2002-2007 19
Figure 2: United States,
Company-Wise Share Vis-á-vis Growth in Refining Capacity, 2002-2007 21
Figure 3: ExxonMobil Corporation, Value Chain Analysis 53
Figure 4:
ExxonMobil Corporation, Refining Capacity Country-Wise (MMTPA), 2000-2012
62
Figure 5: Royal Dutch Shell plc, Value Chain Analysis 82
Figure 6:
Royal Dutch Shell plc, Refining Capacity Country-wise (MMTPA), 2000-2012
91
Figure 7: Total S.A., Value Chain Analysis 111
Figure 8: Total
S.A., Refining Capacity Country-wise (MMTPA), 2000-2012 120
Figure 9:
Chevron Corporation, Value Chain Analysis 132
Figure 10: Chevron
Corporation, Refining capacity Country-wise (MMTPA), 2000-2012 142
Figure
11: ConocoPhillips, Value Chain Analysis 159
Figure 12: ConocoPhillips,
Refining Capacity Country-Wise (MMTPA), 2000-2012 169
Figure 13: Petroleo
Brasileiro S.A., Refining Capacity Country-wise (MMTPA), 2000-2012 193
Figure 14: Valero Energy Corporation, Value Chain Analysis 206
Figure
15: Valero Energy Corporation, Refining Capacity Country-wise (MMTPA),
2000-2012 212
Figure 16: Global Markets Direct Methodology 308