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Compared to a similar quarter final yr, earnings enhanced by $254 million. Much better concluded lubes and basestock margins were partially offset by decreased gross sales volumes.
Chemical Solutions 2nd-quarter earnings have been $828 million, up from $371 million in the first quarter, generally on improved margins from lower feed expenses. Earnings also benefited from reduce planned upkeep expense and amplified profits volumes.
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Basic marketplace commodity price surroundings comparisons may not be a complete match for particular person segments.
Extra facts with respect into the Distribution is about out within the management facts circular of the corporation dated July 10, 2024 (the "Circular"), a duplicate of which is on the market totally free below the Company's profile for the Canadian Securities Directors' Web site at .
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Reduce pure gasoline realizations and sector refining margins adversely impacted earnings. Results benefited through the absence of prior quarter unfavorable derivative mark-to-marketplace impacts.
1Natural gasoline is converted to an oil-equivalent foundation at 6 million cubic feet for every a person thousand barrels. Vital figures: Production throughput and profits
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