Feb 20 (Reuters) - Ampol Ltd (ALD) :
- HAS HAD A STRONG START TO YEAR
- WELL POSITIONED TO MANAGE ONGOING VOLATILITY IN GLOBAL MARKETS
- JANUARY 2023 REFINED PRODUCT MARKETS WERE STRONG, WITH LYTTON REALISING AN US$18.40/BBL REFINER MARGIN
- LONGER TERM, AMPOL’S OPERATIONS WELL POSITIONED TO CAPTURE OPPORTUNITIES IN THE LIQUID FUELS VALUE CHAIN.
- FOR YEAR AHEAD, CO FOCUSED ON FINALISING INVESTMENT DECISION IN THE ULTRA LOW SULPHUR FUELS PROJECT AT LYTTON
- IN MEDIUM TERM FUNDAMENTALS OF SUPPLY AND DEMAND CONTINUE TO SUPPORT A TIGHT MARKET FOR REFINED PRODUCT
- FACTORS INCLUDING RUSSIAN SANCTIONS, CHINA PRODUCT EXPORT DECISIONS LIKELY TO CONTINUE TO INFLUENCE CRUDE, REFINED PRODUCT MARKETS IN 2023
- Z ENERGY WILL CONTRIBUTE A FULL YEAR OF EARNINGS TO THE GROUP IN 2023
- F&I (EX LYTTON AND FUTURE ENERGY) IS EXPECTED TO BENEFIT FROM COVID RECOVERY, PARTICULARLY IN JET
- AMPOL’S TRADING AND SHIPPING OPERATIONS IN SINGAPORE TO COMMENCE FULL SUPPLY TO Z ENERGY FROM APRIL 2023
- GEOPOLITICAL FACTORS SEEN INFLUENCING CRUDE AND REFINED PRODUCT MARKETS DURING MEDIUM TERM AS WELL
- FURTHER CAPITAL MANAGEMENT INITIATIVES WILL BE CONSIDERED BY THE BOARD DURING 2023
- REBRAND TO AMPOL IS NOW COMPLETE
- Z ENERGY’S RETAIL FUEL AND SHOP SALES IN JAN 2023 TEMPORARILY IMPACTED BY SIGNIFICANT FLOODING
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