Hellenic Petroleum Q3 Core Profit up 15%

By Angeliki Koutantou
Thursday, November 8, 2018

Hellenic Petroleum, Greece's biggest oil refiner, reported a 15 percent rise in third-quarter core profit on Thursday with stronger sales volumes more than offsetting lower refining margins.

Adjusted for oil inventory holdings, earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 237 million euros ($271.06 million), up from 206 million euros in the same period a year earlier.

The figure beat analysts average forecast of 213.4 million euros in a recent Reuters poll. 

(Reuters, Reporting by Angeliki Koutantou)

Categories: People & Company News Finance Shale Oil & Gas

Related Stories

Offshore Service Vessels: What’s in Store in 2025

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Joint Venture Partners Ink Commercial Deals to Develop Gas Reserves at Azerbaijan’s ACG Field

PTTEP Sells Its Entire Stake in Deepwater Block Offshore Mexico to Repsol

CNOOC Maintains Steady Oil Production as Bebinca Typhoon Crosses East China Sea

Shelf Drilling to Consolidate Jack-Up Fleet and Resolve Funding Gaps via Triangular Merger

Allseas Hooks $180M Pipeline Installation Job Offshore Philippines

Oil Loadings at Russia's Western Ports on the Rise

North Sea Realism in a Busy Market

Current News

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com