What 5 Refinery CEOs Are Saying to Begin 2013: Chevron Corporation (CVX) and More

These sentiments don’t solely rest with the largest companies in the downstream business, either. Looking at some of the things that Tesoro Corporation (NYSE:TSO) President and CEO Greg Goff had to say after his company’s wildly successful 2012 campaign echoed Klesse’s statements about the need for greater rail and hinted that the company might expand its delivery of Bakken crude to the California market for both domestic use and export to South America.

Based on reading through these calls, it appears that the refineries have taken advantage of these recent boom times by reinvesting in their operations and are well positioned to absorb any potential margin contraction. While this pullback is certainly possible, several of the executives here remained optimistic that the spreads they experienced in 2012 will remain relatively intact over the next year or two. Based on these outlooks, investors could certainly still experience some upside to these stocks, even after the tremendous run last year.

The refiner’s success in 2012 wouldn’t be possible without companies like KMI
It’s easy to forget the necessity of midstream operators that seamlessly transport oil and gas throughout the United States. Kinder Morgan Inc (NYSE:KMI) is one of these operators, and one that investors should commit to memory because of its sheer size — it’s the fourth largest energy company in the U.S. — not to mention its enormous potential for profits. In The Motley Fool’s new premium research report on Kinder Morgan, our top energy analyst breaks down the company’s growing opportunity, as well as the risks to watch out for, to uncover whether it’s a buy or a sell.

The article What 5 Refinery CEOs Are Saying to Begin 2013 originally appeared on Fool.com and is written by Taylor Muckerman.

Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron.

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