Earnings

Profit Down for Castrol India, Gulf; Up for Apar

Profit Down for Castrol India, Gulf; Up for Apar

Lube Report Asia - May 19, 2023

Protecting and managing margins was a common theme for several India companies announcing financial results for the quar ...

Valvoline Earnings Jump; Moove Suffers Loss

Valvoline Earnings Jump; Moove Suffers Loss

Lube Report Americas - May 17, 2023

Valvoline reported double-digit gains in operating income and sales revenue for the quarter ended March 31, while Moove ...

MRS Oil Profits Jump on Reduced Costs

MRS Oil Profits Jump on Reduced Costs

Lube Report EMEA - May 16, 2023

Gross profit for Nigerian blender MRS Oil’s lubricants segment skyrocketed more than 20 fold in the fourth quarter, on ...

Earnings Up at SK and GS Caltex, Flat at S-Oil

Earnings Up at SK and GS Caltex, Flat at S-Oil

Lube Report Asia - May 12, 2023

First quarter operating profits for SK Enmove and GS Caltex’s base oils and lubricants division jumped 22% and 77% com ...

Q1 Challenging for Rerefiners

Q1 Challenging for Rerefiners

Lube Report Americas - May 10, 2023

The base oil market was a challenging environment for rerefiners during the first three months of 2023, according to rec ...

Profits Down for Castrol, Up for Luberef

Profits Down for Castrol, Up for Luberef

Lube Report EMEA - May 9, 2023

Citing higher costs, BP reported that profits for its Castrol Lubricants business fell 37% in the first quarter, while L ...

Profits Drop for Copton

Profits Drop for Copton

Lube Report Asia - May 5, 2023

Copton Tech reported that its net profit plunged 92% and that its operating income fell 20% in the fourth quarter, while ...

Afton Profits Rose in Q1

Afton Profits Rose in Q1

Lube Report Americas - May 3, 2023

Afton Chemical posted a 52% climb in operating profit for the quarter ending March 31, primarily due to higher selling p ...

Fuchs Posts Higher Sales and Earnings

Fuchs Posts Higher Sales and Earnings

Lube Report EMEA - May 2, 2023

Independent lubricants blender Fuchs Petrolub SE reported a 9% increase in net profit and a 16% uptick in sales revenues ...

Lopal Earnings Took a Dive in 2022

Lopal Earnings Took a Dive in 2022

Lube Report Asia - April 28, 2023

Jiangsu Lopal Tech Co. reported a 26% decline in operating income and a 36% drop in sales volumes for its lubricants seg ...

Additive

Terpel Profits Rose in Colombia, Peru

Lube Report Americas - April 26, 2023

The lubricant segment of Colombian oil and gas company Terpel achieved increases in sales volumes and gross profit in 20 ...

Michang Reports Lower Earnings

Michang Reports Lower Earnings

Lube Report Asia - April 21, 2023

South Korean lubricants blender Michang Oil reported a 2% decline in net profit and a 1% decrease in sales for the fourt ...

Richful Additives Profit Nearly Triples

Richful Additives Profit Nearly Triples

Lube Report Asia - April 14, 2023

China’s Richful Lube Additives reported that its lubricant additives operating income surged 188% in 2022, while its o ...

Performance Slides for WD-40, YPF

Performance Slides for WD-40, YPF

Lube Report Americas - April 12, 2023

WD-40 Co. posted a 15% drop in net income for its quarter ended Feb. 28, while Argentina’s YPF reported a 7% dip in sa ...

Profits Down for MRS Oil Nigeria

Profits Down for MRS Oil Nigeria

Lube Report EMEA - April 11, 2023

MRS Oil Nigeria Plc reported that gross profit for its lubricant segment fell 64% in 2022 due to negative impacts of inf ...

Yip’s Slid into the Red in 2022

Yip’s Slid into the Red in 2022

Lube Report Asia - March 31, 2023

Hong Kong-based Yip’s Chemical Holdings Ltd.’s lubricants business had an operating loss in 2022 on 10% lower sales ...

Vibra Profits Jumped in 2022

Vibra Profits Jumped in 2022

Lube Report Americas - March 29, 2023

Vibra Energia’s lubricants business recorded 30% higher profit for 2022 on a 12% increase in sales revenue, while four ...

AP Oil Reports Decreased Profits

AP Oil Reports Decreased Profits

Lube Report Asia - March 24, 2023

Singaporean independent lubricant blender AP Oil International Ltd. reported declines of 60% in net profit for full-year ...