Earnings

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 ...

Hyundai Shell Posts Big Earnings Jump

Hyundai Shell Posts Big Earnings Jump

Lube Report Asia - August 4, 2023

SK Enmove’s base oils and lubricants business and S-Oils base oils and lubricants business both achieved slightly high ...

Profits Dip at Safety-Kleen, Jump at Quaker Chem

Profits Dip at Safety-Kleen, Jump at Quaker Chem

Lube Report Americas - August 2, 2023

Despite increases in used oil collection and sales volumes of rerefined base oils, Clean Harbors reported lower second q ...

Earnings Rise for Fuchs, Luberef

Earnings Rise for Fuchs, Luberef

Lube Report EMEA - August 1, 2023

Fuchs SE reported a 10% increase in net profit on 7% greater sales revenue for the second quarter, citing continued impa ...

Moresco’s Specialty Lube Sales Rise

Moresco’s Specialty Lube Sales Rise

Lube Report Asia - July 28, 2023

Japanese specialty lubricant maker Moresco Corp. reported increased sales for its specialty lubricants, boosted by incre ...

Profits Up for Afton, WD-40

Profits Up for Afton, WD-40

Lube Report Americas - July 26, 2023

Increased selling prices helped lead to increased operating profit for Afton Chemical’s petroleum additives business f ...

Lopal Posts Higher Revenue, Lower Volume

Lopal Posts Higher Revenue, Lower Volume

Lube Report Asia - July 14, 2023

Chinese lubricant marketer Lopal Tech Co. reported a 9% increase in first quarter sales revenue for its lubes segment de ...

Richful Q1 Profits, Sales Rise

Richful Q1 Profits, Sales Rise

Lube Report Asia - July 7, 2023

China’s Richful Lube Additives Co. reported an 88% jump in net profit for and a 58% rise in sales revenue for the firs ...

Resurgent Auto Lube Sales Boost Copton Profits

Resurgent Auto Lube Sales Boost Copton Profits

Lube Report Asia - June 30, 2023

Chinese lubricants blender Qingdao Copton Tech Co. reported a 12% increase in first quarter net profit, compared to the ...

Earnings up at Lanka IOC, Chevron Lanka

Earnings up at Lanka IOC, Chevron Lanka

Lube Report Asia - June 23, 2023

Lanka IOC reported a hefty jump in operating profit for its fiscal year ending March 31, boosted by commissioning Sri La ...

Mr. Lube Sales Continue Rising

Mr. Lube Sales Continue Rising

Lube Report Americas - June 21, 2023

Mr. Lube, a leading quick lube service business with locations across Canada, increased first quarter revenue by 20% and ...

Mixed Results for Bangladesh Companies

Mixed Results for Bangladesh Companies

Lube Report Asia - June 16, 2023

A rebound in base oil sales helped Eastern Lubricants Blenders achieve massive improvements in profit and revenue for th ...

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Lube Report Asia - June 9, 2023

Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating prof ...

Profits Up for Balmer Lawrie, GP, Tide Water

Profits Up for Balmer Lawrie, GP, Tide Water

Lube Report Asia - June 2, 2023

Adverse trends in supply chain and sales, including unstable base oil prices and rupee depreciation, were among market f ...

Conoil Earnings Drop Despite Reduced Costs

Conoil Earnings Drop Despite Reduced Costs

Lube Report EMEA - May 30, 2023

Nigerian lubricants blender and marketer Conoil reported a 21% decline in gross profit and 51% less sales revenue for th ...

Earnings Jump for Yushiro, Fall for Neochem

Earnings Jump for Yushiro, Fall for Neochem

Lube Report Asia - May 26, 2023

Yushiro Chemical reported that its net profit more than tripled for the fiscal year ended March 31, boosted by strong pe ...

Terpel’s Q1 Profits Grew in Colombia, Peru

Terpel’s Q1 Profits Grew in Colombia, Peru

Lube Report Americas - May 24, 2023

The lubricant segment of Colombian oil and gas company Terpel attained large increases in gross profit in the first quar ...

Slicker Acquires Waste Oil Collector Oil Monster

Slicker Acquires Waste Oil Collector Oil Monster

Lube Report EMEA - May 23, 2023

Waste oil collector Slicker Recycling Ltd. acquired competitor Oil Monster for an undisclosed sum in mid-May. The purcha ...