The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, ConocoPhillips, Valero Energy and Tesoro - Press Releases


For Immediate Release

Chicago, IL - March 16, 2012 - announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ExxonMobil Corp.   ( XOM ), Chevron Corp.  ( CVX ), ConocoPhillips ( COP ), Valero Energy Corp.  ( VLO ) and Tesoro Corp.  ( TSO ).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:

Here are highlights from Thursday's Analyst Blog:

Crude Supplies Surge, Fuels Drop

The U.S. Energy Department's weekly inventory release showed that crude stockpiles rose to their highest level since September 2011, as supplies at the Cushing Storage Hub soared. However, the agency's report also revealed that both gasoline and distillate stocks declined over the week on demand recovery. Meanwhile, refinery utilization rate reflected a decrease of 1.2%.

The Energy Information Administration ("EIA") Petroleum Status Report - which contains data for the previous week ending Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both locally and abroad.

The report provides an overview of the level of reserves and their movements, thereby helping investors understand the demand/supply dynamics of petroleum products. It is an indicator of current oil prices and volatility that affect businesses of companies engaged in the oil and refining industry, such as  ExxonMobil Corp.  ( XOM ),  Chevron Corp.  ( CVX ),  ConocoPhillips ( COP ),  Valero Energy Corp.  ( VLO ) and  Tesoro Corp.  ( TSO ).

Analysis of the Data

Crude Oil:  The federal government's EIA report revealed that crude inventories climbed by 1.75 million barrels for the week ending March 9, 2012, after rising by a modest 832,000 barrels the week before.

Analysts surveyed by Platts had expected oil stocks to go up some 2.1 million barrels. Surging inventories at Cushing and lower refinery utilization rates led to the stockpile buildup with the world's biggest oil consumer.

In particular, crude inventories at the Cushing terminal in Oklahoma - the key delivery hub for U.S. crude futures traded on the New York Mercantile exchange - jumped by 2.52 million barrels from previous week's level to 38.70 million barrels, the most since the week ending June 3, 2011. Stocks reached an all-time high of 41.90 million barrels in April last year.

At 347.50 million barrels, current crude supplies are 0.9% below the year-earlier level, but are in the upper limit of the average for this time of the year. The crude supply cover was up from 23.5 days in the previous week to 23.7 days. In the year-ago period, the supply cover was 25.3 days.

Gasoline:  Supplies of gasoline decreased for the fourth consecutive week as domestic consumption rose 1.9% to 8.42 million barrels a day and imports dropped. These factors were partially offset by higher production.

The 1.41 million barrels dip - same as projections - took gasoline stockpiles down to 228.12 million barrels. The existing inventory level of the most widely used petroleum product is 1.4% above the year-earlier levels and is in the upper limit of the average range.

Distillate:  Distillate fuel inventories (including diesel and heating oil) plunged by 4.68 million barrels last week, well above analyst expectations for a 1.5 million barrels decrease. The fall in distillate fuel supplies - for the fifth consecutive week - could be attributed to stronger demand and lower output.

At 134.81 million barrels, distillate supplies are 11.7% below the year-ago level and are in the middle of the average range for this time of the year.

Refinery Rates:  Refinery utilization was down 1.2% from the prior week at 82.7%. Analysts were expecting the refinery run rate to decline 0.2% to 83.7%.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today:

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at .

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339


CONOCOPHILLIPS ( COP ): Free Stock Analysis Report
CHEVRON CORP ( CVX ): Free Stock Analysis Report
TESORO CORP ( TSO ): Free Stock Analysis Report
VALERO ENERGY ( VLO ): Free Stock Analysis Report
EXXON MOBIL CRP ( XOM ): Free Stock Analysis Report
To read this article on click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: COP , CVX , TSO , VLO , XOM

More from

Related Videos



Most Active by Volume

    $15.75 unch
  • $27.18 ▲ 4.70%
  • $109.50 ▼ 1.16%
  • $13.46 ▲ 3.46%
  • $28.03 ▲ 0.94%
  • $106.05 ▲ 0.40%
  • $24.15 ▼ 5.96%
  • $114.93 ▲ 6.32%
As of 10/8/2015, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by