Oil Refineries Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,004	7,542	8,324	10,828	6,577	4,064
Revenue Growth (YoY)	-23.17%	-9.40%	-23.13%	64.63%	61.84%	-36.73%
Cost of Revenue	5,865	7,112	7,560	10,047	6,007	4,077
Gross Profit	139	430	764	781	569.64	-12.6
Selling, General & Admin	177	212	186	184	145.59	141.14
Other Operating Expenses	20	7	1	5	6.75	42.79
Operating Expenses	197	219	187	189	152.34	183.93
Operating Income	-58	211	577	592	417.3	-196.52
Interest Expense	-102	-109	-110	-109	-92.6	-99.62
Interest & Investment Income	5	23	27	8	0.67	1.92
Earnings From Equity Investments	9	-	-	-	-	-
Currency Exchange Gain (Loss)	4	4	6	37	-10.56	-5.8
Other Non Operating Income (Expenses)	-	-	-4	-12	-1.05	-6.16
EBT Excluding Unusual Items	-142	129	496	516	313.76	-306.17
Merger & Restructuring Charges	-6	-6	-6	-	-	-
Asset Writedown	-	-	-	-	8.34	-10.37
Other Unusual Items	16	16	-	-	-17	-
Pretax Income	-9	139	490	516	305.09	-316.54
Income Tax Expense	-5	26	82	75	52.25	-42.23
Net Income	-4	113	408	441	252.84	-274.32
Net Income to Common	-4	113	408	441	252.84	-274.32
Net Income Growth	-	-72.30%	-7.48%	74.42%	-	-
Shares Outstanding (Basic)	3,121	3,139	3,188	3,196	3,201	3,190
Shares Outstanding (Diluted)	3,121	3,139	3,188	3,196	3,201	3,190
Shares Change (YoY)	-1.17%	-1.52%	-0.26%	-0.15%	0.34%	-0.46%
EPS (Basic)	-0.00	0.04	0.13	0.14	0.08	-0.09
EPS (Diluted)	-0.00	0.04	0.13	0.14	0.08	-0.09
EPS Growth	-	-71.88%	-7.25%	74.68%	-	-
Free Cash Flow	238	254	542	497	-89.95	347.09
Free Cash Flow Per Share	0.08	0.08	0.17	0.16	-0.03	0.11
Dividend Per Share	0.026	0.026	0.062	0.081	0.021	-
Dividend Growth	-58.38%	-58.38%	-23.93%	289.08%	-	-
Gross Margin	2.31%	5.70%	9.18%	7.21%	8.66%	-0.31%
Operating Margin	-0.97%	2.80%	6.93%	5.47%	6.35%	-4.84%
Profit Margin	-0.07%	1.50%	4.90%	4.07%	3.84%	-6.75%
Free Cash Flow Margin	3.96%	3.37%	6.51%	4.59%	-1.37%	8.54%
EBITDA	125	371	729	747	589.21	13.87
EBITDA Margin	2.08%	4.92%	8.76%	6.90%	8.96%	0.34%
D&A For EBITDA	183	160	152	155	171.91	210.39
EBIT	-58	211	577	592	417.3	-196.52
EBIT Margin	-0.97%	2.80%	6.93%	5.47%	6.35%	-4.84%
Effective Tax Rate	-	18.70%	16.73%	14.54%	17.13%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.