Earnings

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 ...

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 ...