Geopolitics Alpha

LyondellBasell agrees to sell former refinery site

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LyondellBasell agrees to sell former refinery site

LyondellBasell has announced that it has entered into an agreement to sell its former Houston Refinery site and related assets to Valero Refining-Texas, L.P., a wholly owned subsidiary of Valero Energy Corp.

Directly affected

  • VLO Valero Energy+0.7% 30d

    Named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • MPC Marathon Petroleum+13.1% 9d

    Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • PSX Phillips 66+12.1% 30d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • XOM ExxonMobil Holdings+13.4% 16d

    ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • CVX Chevron+15.7% 30d

    Chevron (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
VLO+6.57%-2.89%baseafter closeafter closeafter closeafter close
CRAKNo price data for this ticker———————
XLE-0.51%-2.20%baseafter closeafter closeafter closeafter close
MPC+5.85%-0.90%baseafter closeafter closeafter closeafter close
PSXNo price data for this ticker———————
XOM-1.45%-2.77%baseafter closeafter closeafter closeafter close
CVX-1.54%-2.69%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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LyondellBasell agrees to sell former refinery site Hydrocarbon Engineering

Source: Hydrocarbon Engineering

Energy

CompanyWhenMoveStatus
CVXthree days earlier-2.69%final price
CVXfive days earlier-1.54%final price
MPCthree days earlier-0.90%final price
MPCfive days earlier+5.85%final price
VLOthree days earlier-2.89%final price
VLOfive days earlier+6.57%final price
XLEthree days earlier-2.20%final price
XLEfive days earlier-0.51%final price
XOMthree days earlier-2.77%final price
XOMfive days earlier-1.45%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “LyondellBasell agrees to sell former refinery site” looks

12 out of 100

“LyondellBasell agrees to sell former refinery site” scores 12 out of 100. The score uses 1 sources.