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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 July 30, 2008 Christopher Barker	Valero's Profits a Bit Less Refined Valero struggles through a difficult environment for refiners.
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 April 7, 2004 Ben McClure	Refiners Pumped Up Refinery stocks are way up, but leave them alone.
The Motley Fool October 25, 2011 Travis Hoium	Western Refining Shares Got Crushed: What You Need to Know Oil is up big again today, rising more than 3%, and has put pressure on refiners today. Another big refiner, Valero Energy, has also been hit hard, so it isn't just a bad day for Western Refining.
The Motley Fool November 2, 2007 Toby Shute	Refining Enters the House of Horrors For an oil refining company like Tesoro, when gasoline prices lag the rise in crude oil, and refining margins get squeezed, the results can be disastrous.
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.
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 September 11, 2009 Christopher Barker	Refiners Already Feel a Chill Valero is hunkering down for a tough winter.
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 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 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 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 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 October 6, 2009 Mike Pienciak	Will Banks Let Struggling Refiners Off The Hook? Ample debt and narrow crack spreads spell trouble for independent refiners.
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 May 11, 2011 Isac Simon	Western Refinery Scripts an Incredible Comeback Sound management and improved market conditions help Western turn the tide.
BusinessWeek October 24, 2005 Robert Barker	Valero's Sweet Spot A once deep undervaluation of independent petroleum refiners has been righted.
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.
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 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 May 12, 2009 Christopher Barker	A Reversal of Refining Fortunes Several refiners swing to profits as gasoline margins improve.
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 30, 2011 Jim Mueller	2 Reasons to Buy Western Refining More about why we like this company.
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 July 29, 2009 Christopher Barker	Valero Would Like to Cap and Trade Its Losses Valero has a message for you about taxes.
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 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 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 August 12, 2009 Christopher Barker	Holly Dances Through a Tight Spot The refiner's strength shines through under adverse conditions.
The Motley Fool April 30, 2008 Toby Shute	Valero Feels Your Pain Yes, high energy prices can even hurt energy companies.
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 May 10, 2011 Travis Hoium	Speculators Aren't to Blame for Energy Prices Our blame is in the wrong place for high prices at the pump.
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.
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 November 2, 2011 Isac Simon	Valero Energy Hits the Jackpot A fantastic third quarter with promises for more.
The Motley Fool January 31, 2006 W.D. Crotty	A 7-Bagger They Call Valero Valero energy reports record 2005 results. On a price-to-peers basis, the company looks fairly priced even though it's just below its 52-week high.
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 February 3, 2010 Mike Pienciak	Tesoro Tanks The company's geographic market strength was no match for a punk economy.
The Motley Fool April 6, 2010 Mike Pienciak	The Last Beaten-Down Industry to Pop Are the U.S. independent refiners a contrarian's dream investment or nightmare?
The Motley Fool October 29, 2008 Christopher Barker	Time to Refine Balance Sheets Instead of Gasoline Valero cuts back on capital expenditures until economic uncertainty abates.
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 19, 2009 Christopher Barker	Refining That Competitive Advantage Refiner Holly not only delivered a solid fourth quarter that crushed analyst expectations by more than 70%, but also utilized this period of weakened demand to increase its long-term competitive advantage.
The Motley Fool January 25, 2010 David Lee Smith	A Wild Week in the World of Energy Chevron and other members of Big Oil are being hit by refinery softness.
The Motley Fool April 29, 2010 Mike Pienciak	Valero's Losses Slow to a Trickle Things are looking up for this U.S. refiner.
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 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 July 29, 2010 Mike Pienciak	Has Tesoro Already Topped Out? Second-quarter results could be as good as it gets for 2010 and beyond.
The Motley Fool May 25, 2007 Toby Shute	Quick Take: Take THAT, Big Oil! High gas prices today are mostly a consequence of choices made by the public, not a few oilmen sitting in a smoky room in Houston. Boycotts may shift purchases by a day, but they aren't going to change anything. Your long-term driving behavior, however, has an impact.