Earnings

MRS Oil Reports Huge Earnings Increase

MRS Oil Reports Huge Earnings Increase

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 30, 2023

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