Refining & Downstream — live heat map & members
4 names · combined market cap $284B · part of the Energy Trade 68-name universe
Refiners buy crude oil and sell gasoline, diesel and jet fuel — their profit is the spread between the two (the crack spread), not the oil price itself. That distinction matters: refiners can mint money while crude falls, or struggle while it rallies, depending on how tight fuel markets are. Margins are set by regional capacity, seasonal demand, and how much refining capacity has been shut or converted — closures in recent years have kept US spreads structurally healthier than the pre-2020 norm. These stocks are cyclical, capital-heavy and often cheap for it; the read is product margins and utilization, and it pays to check both before reacting to a move.
| Ticker | Company | Industry | 1D | Market cap |
|---|---|---|---|---|
| MPC | Marathon Petroleum Corporation | Oil & Gas Refining & Marketing | +0.76% | $92B |
| VLO | Valero Energy Corporation | Oil & Gas Refining & Marketing | +0.77% | $90B |
| PSX | Phillips 66 | Oil & Gas Refining & Marketing | +0.51% | $85B |
| DINO | HF Sinclair Corporation | Oil & Gas Refining & Marketing | -1.05% | $16B |
Other themes: Oil & Gas Majors · Shale & E&P · Oilfield Services · Midstream & LNG · Nuclear & Uranium · Renewables & Solar · Grid, Storage & Electrification · Power & IPPs
See all names on the energy stocks bubble map, or watch the whole sector live on the terminal.
Seed market caps are approximate and public; live values refresh on the map above and on each ticker page (delayed ~15 min). Membership follows the Energy Trade universe. "Hot" means attention, not direction. Education, not financial advice.