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
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