Due to the Ukraine-Russia conflict, oil and natural gas prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeezed an already under-supplied global market. Margins for making fuels like gasoline and diesel surged worldwide, boosting the profits of oil giants, including Exxon Mobil, Chevron in US, Shell in Europe and Hibiscus Petroleum in Malaysia.
How does high oil price affect the prices of everything? The movement of everything needs transport. For example, everything in your house has to come from somewhere. Your clothes came from China and all the materials for building your house came from many factories located somewhere in the world. That is why high oil price has pushed up prices of everything and affecting everybody in the world.
Brent Crude oil price chart above:
Exxon Mobil:
HOUSTON, July 29 (Reuters) - Exxon Mobil Corp (XOM.N) on Friday posted its biggest quarterly profit ever on the back of soaring energy prices.
The top U.S. oil producer reported second-quarter net income of $17.9 billion, or $4.21 per share, an almost four-fold increase over the $4.69 billion, or $1.10 per share, it earned in the same period last year.
Chevron:
HOUSTON, April 29 (Reuters) - Chevron Corp (CVX.N) on Friday posted its highest quarterly profit in 10 years as oil and gas prices surged, and said on Friday it was looking to boost investment in natural gas on rising world demand.
Shell:
Shell Plc posted its highest quarterly earnings on record, as the company was buoyed by high oil and gas prices despite taking a $3.9 billion accounting charge on its planned exit from Russia.
Hibiscus Petroleum:
I just Googled “Hibiscus Petroleum oil production chart” and I saw the chart below.
Based on increasing oil production and higher oil price, the company should report better profit for its quarter ending June which should be announced before the end of this month.
My sole purpose of writing this article is to share my research with you. I am not asking you to buy to support the share price because the daily traded volume is 20-30 million shares. Moreover, I notice that a few big investors like to push the share price down so that they can buy it at cheaper prices. In any case, investors should wait patiently for the company’s profit announcement for the quarter ending June which should be announced before the end of this month.
Chart | Stock Name | Last | Change | Volume |
---|
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
Created by Koon Yew Yin | Feb 29, 2024
After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.
Created by Koon Yew Yin | Feb 29, 2024
KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.
Created by Koon Yew Yin | Feb 26, 2024
Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.
Created by Koon Yew Yin | Jan 08, 2024
KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.
Created by Koon Yew Yin | Jan 02, 2024
Someone has been using my name to promote initial public offer (IPO) shares. I just received this last night.
Created by Koon Yew Yin | Dec 18, 2023
Malaysia is the 16th largest fossil fuel producer in the world. According to Statista, the export value of crude petroleum in Malaysia was valued at approximately 31.55 billion Malaysian ringgit ....
Refineries are a good bet this round as shortage of refiners cos of MCO. PetronM usually release results earlier after parent Co in Phillipines announce group result. HengYuan is complex refiners able to produce Diesel which has higher crack spread, at around 46% of its 10.5 mil barrel / Qtr, but it has to hedge Crude Oil Price and also Prices of Refined Oil where cost of production is USD 2/ barrel. PetronM is simple Refiner where hedging is minimal as it has 750 stations but Mogas 92 crack spread is low for this product. It is expected that HYuan will announce an estimated net profit of RM1/ share, or 300 mil, barring huge derivative losses, like last quarter.
2022-08-16 12:57
Posted by tehka > 39 minutes ago | Report Abuse
Dear uncle, you condemn Hengyuan and promote Hibiscus. Yet you forgot to mention ExxonMobil Mobil, Shell and Chevron all recorded great refinery results.
--------------
I believe Warren Buffets is smarter than KYY, 85% of refined products of Hengyuan is sold to Shell Malaysia.
Since Shell reported good profit, I believe Hengyuan will perform well too.
2022-08-16 13:03
Oil price up, all the refinery and oil company making good profit. But I think we know redy. No tq uncle Cock
2022-08-18 12:53
tehka
Dear uncle, you condemn Hengyuan and promote Hibiscus. Yet you forgot to mention ExxonMobil Mobil, Shell and Chevron all recorded great refinery results.
2022-08-16 12:21