Oil Refineries Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,841	7,542	8,324	10,828	6,577
Revenue Growth (YoY)	-22.55%	-9.40%	-23.13%	64.63%	61.84%
Cost of Revenue	5,671	7,112	7,560	10,047	6,007
Gross Profit	170	430	764	781	569.64
Selling, General & Admin	178	212	186	184	145.59
Other Operating Expenses	3	7	1	5	6.75
Operating Expenses	181	219	187	189	152.34
Operating Income	-11	211	577	592	417.3
Interest Expense	-103	-109	-110	-109	-92.6
Interest & Investment Income	13	23	27	8	0.67
Earnings From Equity Investments	16	-	-	-	-
Currency Exchange Gain (Loss)	-11	4	6	37	-10.56
Other Non Operating Income (Expenses)	1	-	-4	-12	-1.05
EBT Excluding Unusual Items	-95	129	496	516	313.76
Merger & Restructuring Charges	-4	-6	-6	-	-
Asset Writedown	-8	-	-	-	8.34
Other Unusual Items	7	16	-	-	-17
Pretax Income	60	139	490	516	305.09
Income Tax Expense	13	26	82	75	52.25
Net Income	47	113	408	441	252.84
Net Income to Common	47	113	408	441	252.84
Net Income Growth	-58.41%	-72.30%	-7.48%	74.42%	-
Shares Outstanding (Basic)	3,133	3,139	3,188	3,196	3,201
Shares Outstanding (Diluted)	3,133	3,139	3,188	3,196	3,201
Shares Change (YoY)	-0.18%	-1.52%	-0.26%	-0.15%	0.34%
EPS (Basic)	0.01	0.04	0.13	0.14	0.08
EPS (Diluted)	0.01	0.04	0.13	0.14	0.08
EPS Growth	-58.33%	-71.88%	-7.25%	74.68%	-
Free Cash Flow	38	254	542	497	-89.95
Free Cash Flow Per Share	0.01	0.08	0.17	0.16	-0.03
Dividend Per Share	0.011	0.026	0.062	0.081	0.021
Dividend Growth	-56.19%	-58.37%	-23.93%	289.08%	-
Gross Margin	2.91%	5.70%	9.18%	7.21%	8.66%
Operating Margin	-0.19%	2.80%	6.93%	5.47%	6.35%
Profit Margin	0.80%	1.50%	4.90%	4.07%	3.84%
Free Cash Flow Margin	0.65%	3.37%	6.51%	4.59%	-1.37%
EBITDA	165	371	750	747	589.21
EBITDA Margin	2.83%	4.92%	9.01%	6.90%	8.96%
D&A For EBITDA	176	160	173	155	171.91
EBIT	-11	211	577	592	417.3
EBIT Margin	-0.19%	2.80%	6.93%	5.47%	6.35%
Effective Tax Rate	21.67%	18.70%	16.73%	14.54%	17.13%

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