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Those who are involved in the Oil and Gas refinery will know what to expect from the soon to be announced results soon. Definitely highest in Hengyuan history. Just like gloves during Covid.
Hengyuan will make tons these 2years as crack margins are at very high levels. Even if wars stops now it will take 3 to 5 years for things to normalized
Hengyuan profits does not base on how high crude price is. Even when crude is Us 150 per barrel, Hengyuan can still loose money. Hengyuan refinery profit depends on how they hedge the price and crack margins, which currently is super good. If there are no excessive hedging loss, this quarter profits can be as much as few hundred millions. Let's wait for the results.
It's not how high the oil price is but the refining margins that matters which will translate to profits. currently the refining margins at least 4 times more than.under normal conditions
