Marathon, CVR, Other Refiners Prep for First-Quarter Maintenance
Attachment: US Pet Ref maint 1Q24
December 5, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Petroleum Refining Industry is in the middle of its heaviest maintenance season since before the COVID-19 pandemic, according to Bloomberg, but the work won't be over in December.
Industrial Info is tracking more than $800 million worth of maintenance-related projects at U.S. refineries that are set to kick off in first-quarter 2024, more than half of which is attributed to CVR Energy Incorporated (NYSE:CVR) (Sugar Land, Texas) and Marathon Petroleum Corporation (NYSE:MPC) (Findlay, Ohio). CVR's two largest facilities are preparing for major turnarounds that will support planned capacity additions in the coming years.
Other companies featured: Valero Energy Corporation (NYSE:VLO), PBF Energy Incorporated (NYSE:PBF) and ExxonMobil Corporation (NYSE:XOM)
