Koon Yew Yin's Blog

Oil Companies reap unprecedented profits - Koon Yew Yin

Koon Yew Yin
Publish date: Tue, 16 Aug 2022, 11:54 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

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.   

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1 person likes this. Showing 11 of 11 comments

tehka

Dear uncle, you condemn Hengyuan and promote Hibiscus. Yet you forgot to mention ExxonMobil Mobil, Shell and Chevron all recorded great refinery results.

1 month ago

investor77

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.

1 month ago

Zhuge_Liang

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.

1 month ago

stockwin

KYY curi curi buy HY ke??

1 month ago

Income

Sidewalk articles. Good for entertainment purposes only.

1 month ago

Tiger62

oil price drop below 90 future profit of hibi will be reduced. fxxxk

1 month ago

silajay

Profits seem to be falling because gasoline prices are falling. https://octordlegame.io

1 month ago

kangedd

Thank you for free entertainment today uncle kyy

1 month ago

Income

Scammer ^ don’t click

1 month ago

peterparker69

Oil price up, all the refinery and oil company making good profit. But I think we know redy. No tq uncle Cock

1 month ago

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