Earnings

Profits Down for GS Caltex, Thai Oil in 2022

Profits Down for GS Caltex, Thai Oil in 2022

February 17, 2023

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth qua ...

Earnings Jump for SK, Plunge for Hyundai Shell

Earnings Jump for SK, Plunge for Hyundai Shell

February 10, 2023

SK Innovation’s base oils and lubricants business posted a large increase in operating profit for the full year but fl ...

Valvoline Reports Lower Income

Valvoline Reports Lower Income

February 8, 2023

Operating income for Valvoline’s Retail Services business took a dip while sales increased for the quarter ended Dec. ...

Castrol Earnings Took Hit in Quarter, 2022

Castrol Earnings Took Hit in Quarter, 2022

February 7, 2023

BP reported today that profits for its Castrol lubricants business fell 32% in 2022 and dropped 67% in the fourth quarte ...

S-Oil Profits Rose in Fourth Quarter, 2022

S-Oil Profits Rose in Fourth Quarter, 2022

February 3, 2023

The base oil and lubricants business of S-Oil reported a 23% increase in operating profit for the quarter ending Dec. 31 ...

Afton Profits Surge in Q4, 2022

Afton Profits Surge in Q4, 2022

February 1, 2023

Afton Chemical posted operating profit jumps of 188% for the fourth quarter and 35% for the full year, boosted by increa ...

Conoil Profits Take a Dive

Conoil Profits Take a Dive

January 31, 2023

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% ...

Liqui Moly Sales Up for 2022

Liqui Moly Sales Up for 2022

January 24, 2023

German lubricants and aftermarket additive manufacturer Liqui Moly reported that its sales revenue rose 10% in 2022 to ...

Moresco Reports Increased Sales

Moresco Reports Increased Sales

January 13, 2023

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants ...

WD-40 Posts Lower Income

WD-40 Posts Lower Income

January 11, 2023

WD-40 Co. posted net income of $14 million for the quarter ending Nov. 30, a 25% drop from $18.5 million in the same per ...

Profits Down for Korean Blender Michang

Profits Down for Korean Blender Michang

January 6, 2023

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales f ...

Copton Reports Lower Profits

Copton Reports Lower Profits

December 30, 2022

Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in o ...

Earnings Slide at Lopal, Jump for Richful

Earnings Slide at Lopal, Jump for Richful

December 23, 2022

Chinese lubricant marketer Lopal Tech Co. reported a 23% drop in operating income for its lubricant products segment for ...

Profits, Sales Down for Lub-rref

Profits, Sales Down for Lub-rref

December 16, 2022

Bangladeshi lubricants blender Lub-rref reported a 3% decrease in net profit and a 12% drop in sales revenue on lower op ...

Profits Up at Thai Oil, Down at MJL, Eastern

Profits Up at Thai Oil, Down at MJL, Eastern

December 9, 2022

Net profit for Thai Oil’s base oil business rose 21% for the quarter ending Sept. 30. Base oil prices were steady in t ...

Steep Drop in Profits for Ardova

Steep Drop in Profits for Ardova

December 6, 2022

Nigerian blender and distributor Ardova Plc reported an 83% drop in net profit and a 10% increase in sales revenue for i ...

Hi-Tech Lubricants Posts Net Loss

Hi-Tech Lubricants Posts Net Loss

December 2, 2022

Hi-Tech Lubricants Ltd. reported a steep net loss and a 27% decrease in lubricant sales for the quarter ended Sept. 30, ...

Profits Drop for Nigeria’s Conoil

Profits Drop for Nigeria’s Conoil

November 29, 2022

Nigerian lubricants blender and marketer Conoil reported a 38% drop in gross profit and flat sales revenue for the quart ...