Earnings

Profits Rise for Michang

Profits Rise for Michang

Lube Report Asia - October 13, 2023

South Korean lubricants blender Michang Petroleum Industry Co. reported a 43% jump in operating profit on a 2% uptick in ...

Hi-Tech Lubricants Posted Loss, Sales Drop

Hi-Tech Lubricants Posted Loss, Sales Drop

Lube Report Asia - October 6, 2023

Hi-Tech Lubricants’ lubricants segment recorded a net loss and a 26% drop in sales for the fiscal year ending June 30, ...

RS Clare Posts Jump in Profits

RS Clare Posts Jump in Profits

Lube Report EMEA - September 26, 2023

United Kingdom-based lubricant manufacturer RS Clare & Co. reported a 32% jump in profit and a 25% increase in reven ...

First Half Improvement at Richful, Lopal

First Half Improvement at Richful, Lopal

Lube Report Asia - September 22, 2023

Richful Lube Additives Co. reported a 71% surge in net profit for the first half of 2023, while lubricant marketer Lopal ...

Modrica Refinery Posts Further Losses

Modrica Refinery Posts Further Losses

Lube Report EMEA - September 19, 2023

Bosnian base oil and lubricant producer Rafinarija Ulja Modrica ended the first half of this year with a net loss of 1.1 ...

Yip’s Chemical Reports Financial Rebound

Yip’s Chemical Reports Financial Rebound

Lube Report Asia - September 15, 2023

The lubricants business of Hong Kong-based Yip’s Chemical Holdings Ltd. reported an operating profit for the first hal ...

Tide Water Oil Profits, Sales Rise

Tide Water Oil Profits, Sales Rise

Lube Report Asia - September 8, 2023

Higher sales and increased revenue from other sources helped Tide Water Oil (India) Ltd. post a 12% increase in net prof ...

Profits Fall at Lanka IOC, Chevron Lanka

Profits Fall at Lanka IOC, Chevron Lanka

Lube Report Asia - September 1, 2023

Operating profit for Lanka IOC plummeted 80% for the quarter ended June 30 due to a steep increase in cost of sales, whi ...

Terpel Posts Jump in Profits

Terpel Posts Jump in Profits

Lube Report Americas - August 30, 2023

Colombian oil and gas company Terpel reported hefty increases in gross profit for its lubricants segment in Colombia and ...

First Half Lube Profits Fall for Vivo Energy

First Half Lube Profits Fall for Vivo Energy

Lube Report EMEA - August 29, 2023

African distributor Vivo Energy reported double-digit declines in profit for its lubricant segment and a 5% decrease in ...

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Lube Report Asia - August 25, 2023

Thai Oil Group’s base oil business achieved higher net profit on lower sales revenue for the second quarter – a sale ...

Lubrizol Profit Down, Mr. Lube Revenue Up

Lubrizol Profit Down, Mr. Lube Revenue Up

Lube Report Americas - August 23, 2023

Lubrizol Corp.’s pre-tax profit for the second quarter fell 25% year to year due to the fact that earnings in the same ...

Profits Up at Yushiro, KH Neochem, GS Caltex

Profits Up at Yushiro, KH Neochem, GS Caltex

Lube Report Asia - August 18, 2023

Second quarter profits for metalworking fluids and industrial fluids manufacturer Yushiro Chemical received a boost from ...

Financials Fall for Heritage-Crystal Clean, Moove

Financials Fall for Heritage-Crystal Clean, Moove

Lube Report Americas - August 16, 2023

Rerefiner Heritage-Crystal Clean reported a steep fall in second quarter revenues for its oil business segment – which ...

MRS Oil Reports Huge Earnings Increase

MRS Oil Reports Huge Earnings Increase

Lube Report EMEA - August 15, 2023

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenu ...

Results Mixed for Gulf, GP, Savita, Castrol India

Results Mixed for Gulf, GP, Savita, Castrol India

Lube Report Asia - August 11, 2023

The quarter ending June 30 brought mixed results for several Indian lubricant companies, as Gulf Oil Lubricants India Lt ...

Valvoline Inc. Reports Higher Profits, Sales

Valvoline Inc. Reports Higher Profits, Sales

Lube Report Americas - August 9, 2023

Valvoline Inc. reported large increases in income and sales from continuing operations and in system-wide store sales fo ...

Profits Fall at Castrol, Conoil

Profits Fall at Castrol, Conoil

Lube Report EMEA - August 8, 2023

BP reported that profits for its Castrol lubricants business dropped 23% in the second quarter, as adverse foreign excha ...