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The Motley Fool August 9, 2007 Toby Shute	Tesoro's Treasured Results Refiner Tesoro achieved record earnings on the back of extremely high refining margins. The greatest improvements came in the mid-continent region.
The Motley Fool April 30, 2007 Toby Shute	Valero: Hooked on Crack Spreads Valero depends on them to earn its outsized profits. With gasoline inventories low, business is booming. These high spread levels can't last indefinitely -- so investors need to be careful with this refiner group.
The Motley Fool June 17, 2008 Christopher Barker	Tesoro's Sunken Treasure Tesoro takes a hit, but the future looks brighter for the refiner.
The Motley Fool May 15, 2006 Stephen D. Simpson	The Brave Frontier This small refiner seems overpriced, but it's positioned in the refining sweet spot. Investors, be careful about overpaying for this stock, though.
The Motley Fool October 4, 2007 David Lee Smith	Big Oil About to Flip With refinery margins dropping, expect the Big Oil companies to report down quarters. Investors, take note.
The Motley Fool November 7, 2005 Stephen D. Simpson	Holly's Good Quarter Falls Short While refining margins jumped sharply, they weren't good enough to meet estimates. Investors still hanging on to these shares will need to buckle in for the swings and swoons that are almost sure to come.
The Motley Fool April 7, 2004 Ben McClure	Refiners Pumped Up Refinery stocks are way up, but leave them alone.
The Motley Fool August 2, 2007 Toby Shute	Valero Rises Through Cracks There's nothing crude about Valero Energy's business model. Buy oil and turn it into more valuable end-user products.
The Motley Fool August 10, 2007 Toby Shute	Full Frontal Frontier A look at Frontier Oil's latest results, in which the refiner blows past even the most optimistic analyst's expectations.
The Motley Fool February 3, 2010 Mike Pienciak	Tesoro Tanks The company's geographic market strength was no match for a punk economy.
The Motley Fool February 4, 2008 David Lee Smith	Unrefined Results at Marathon Marathon Oil manages to lose almost all of its downstream earnings in the final quarter of 2007.
The Motley Fool July 30, 2008 Christopher Barker	Valero's Profits a Bit Less Refined Valero struggles through a difficult environment for refiners.
The Motley Fool May 5, 2008 David Lee Smith	Chevron in Step Like its peers, Chevron posted solid results this quarter. But it's not all milk and honey for the integrated companies these days.
The Motley Fool May 7, 2008 Christopher Barker	Tesoro's Margins Snap, Crackle, and Pop The oil refiner falls victim to the margin squeeze.
Financial Advisor January 2012 Brad Zigler	The Future of Refiners Foretold Refining has been a particularly volatile business since the 2008 economic nosedive.
The Motley Fool January 27, 2006 Stephen D. Simpson	Wait for a Dip on Chevron Chevron is a fine oil company and oil still has room to run, but don't chase the stock.
The Motley Fool October 18, 2005 Richard Moore	In Praise of Gouging On a longer-term basis, the interests of society are best served by letting the market allocate resources. Fortunately for investors in the energy industry, profits should benefit them for the next few years because products will remain in short supply.
The Motley Fool August 11, 2006 Robert Aronen	20-Bagger on the Move After a 20-fold gain in four years, can oil refiner Giant Industries keep growing? Investors, take note.
The Motley Fool January 31, 2005 Stephen D. Simpson	Big Oil, Bigger Profits ExxonMobil reaps the benefits of rising energy prices yet again. Whether the future holds more expensive oil or cheaper oil, investors can probably count on ExxonMobil to be there making the most of it.
The Motley Fool November 6, 2008 Christopher Barker	'Tis the Season to Be Holly Refiner Holly entered the earnings ring this week packing a one-two punch of improved gross refining margins and a pristine balance sheet.
The Motley Fool April 30, 2010 Mike Pienciak	Tesoro's Still Running on Fumes It's another quarter of losses for the West Coast refiner, with a refinery fire to boot.
The Motley Fool September 9, 2004 Chris Mallon	The Best Oil Stock You Don't Own Valero Energy has been one of the best performing oil stocks this year, but will it continue?
The Motley Fool January 29, 2009 Christopher Barker	Strung Out on Crack Spreads and Goodwill Valero Energy released fourth-quarter and year-end results and turned what could have been a solid quarter into a nightmare by taking a $4.1 billion goodwill impairment charge.
The Motley Fool October 25, 2007 David Lee Smith	ConocoPhillips Leads a Majors Parade This quarter, Conoco's higher upstream income wasn't able to overcome lower refining results.
The Motley Fool October 27, 2004 Bill Mann	Nothing Sour About Valero The oil company demonstrates what can happen when you have an absolute advantage in material costs.
The Motley Fool June 28, 2006 Glen Kenney	ExxonMobil's $400 Million Insult: Part 2 Oil companies are presently making a lot of money. They make it by pennies per gallon from refining, and only a little more from production. Oil prices are set by global supply and demand, and they will continue to rise as long as demand keeps increasing.
The Motley Fool May 24, 2005 Stephen D. Simpson	Sunoco's Air of Refinement Despite higher gasoline prices, refining and marketing margins are beginning to move the other way. I'm not sure I could recommend buying this stock today.
The Motley Fool November 5, 2007 David Lee Smith	Chevron Sinks Downstream As with most integrated companies, Chevron watched refinery margins clobber its quarterly results.
The Motley Fool March 27, 2006 Will Frankenhoff	Valero Spins Crude Into Gold Valero's ability to inexpensively produce low-sulfur gasoline should spark investor interest.
The Motley Fool June 30, 2011 Jim Mueller	2 Reasons to Buy Western Refining More about why we like this company.
The Motley Fool April 18, 2006 Robert Aronen	Gas Prices Won't Go Down Blaming Big Oil does not get to the root of rising prices at the pump, but the negative publicity oil companies face may cause oil stocks to sell off, and that could make for some temporary bargains in the oil patch. Pay attention, and you may just profit from the hoopla.
The Motley Fool May 25, 2007 Robert Aronen	One Road to Lower Gas Prices Americans consume 20.8 million bpd of crude, compared to domestic production of 5.2 million bpd. Conservation stands as the lone card in our hand. As an investor, all of this points toward continuation of the oil boom.
The Motley Fool November 6, 2009 Mike Pienciak	Frontier Oil Finally Falls Strong? Yes. Invincible? No. The stock is down roughly 15%, and the company's swung to a third-quarter loss.
The Motley Fool May 18, 2007 David Lee Smith	Refined Profits Irk Congress Profits from energy's refining and marketing sector have soared, but the reasons are more than a little complicated. Investors should proceed with caution.
BusinessWeek November 15, 2004 Wendy Zellner	Crude Lessons About Oil Low-quality $35-a-barrel oil is plentiful, but refineries lack the capacity to handle it. The result is that the price of oil -- and of products made from it -- is higher and more volatile than it might be.
The Motley Fool November 14, 2006 Jean Graham	Valero: Sludge in the Pipeline Slowing organic growth may be keeping investors at bay.
The Motley Fool March 14, 2008 Steven Renaldi	Is Tesoro Teasing? Refiner Tesoro takes action to end its poison pill plan early, as well as making other moves seeming to indicate it is searching for a buyer.
The Motley Fool April 26, 2005 Stephen D. Simpson	BP Keeps Pumping Higher hydrocarbon prices continue to lead to profit growth. So, how should you evaluate this stock?
The Motley Fool August 11, 2011 Jim Mueller	Rising Star Buy: Western Refining Knocked down, but fundamentally improving.
The Motley Fool October 31, 2008 David Lee Smith	Chevron's Big Oil Bonanza With crude and refinery margins both up, Chevron blew away forecasts.
The Motley Fool April 4, 2005 W.D. Crotty	The Frontier of Oil Refining Frontier Oil is profiting handsomely from being able to process heavy crude oil. But what's the earnings potential?
The Motley Fool October 5, 2010 Seth Jayson	Where Is Western Refining's Bottom Line Headed? Here's the current margin snapshot for Western Refining and some of its sector and industry peers and direct competitors.
The Motley Fool May 7, 2004 Bill Mann	Oil Hits $40 And the high price of petroleum seems likely to persevere.
The Motley Fool February 27, 2008 Toby Shute	Frontier Shows Some Cracks Thanks to a refinery fire, this refiner's earnings weren't so hot.
The Motley Fool June 14, 2011 Jim Mueller	Rising Star Buy: Cracking Into Western Refining If Western Refining continues to grow its margins and the market's fears about oil and the economy are eased, the company's stock price should rise.
The Motley Fool August 27, 2008 Christopher Barker	There's Nothing Refined About Sinopec's Results Painful losses in refining continue to weigh on Chinese energy stocks.
The Motley Fool August 6, 2008 Christopher Barker	Calumet Thrown a LIFO Vest Calumet Specialty Products managed a second-quarter gain of nearly 12%. Beneath the surface, however, challenges and red flags still abound.
The Motley Fool January 30, 2008 Toby Shute	A Refiner on Fire Valero surprises doubters with unexpectedly strong quarterly results.
The Motley Fool November 10, 2004 Jeremy MacNealy	Supertanker-Sized Results As gas prices rise, so do ExxonMobil's stock and its cash flow numbers.
The Motley Fool November 4, 2005 Stephen D. Simpson	A Total Growth Story The French oil giant Total SA was one of the few oil companies to benefit from higher prices after the Gulf hurricanes. While this stock has already been an outperformer among its large brethren, investors shouldn't be in a hurry to sell just yet.