Half-Year Net Profit Delta
+19.3%
vs Prior Period (H1 YoY)
Composite Refining Margin
$8.40/bbl
Diesel/Gasoline 3:2:1 Spread
Geopolitical Crude Slate
$78.50/bbl
Risk Premium: +14.2%
Domestic Demand Trajectory
-3.8%
Retail fuel throughput drag
Segment Net Profit Contribution Waterfall
Calculated in % pts contribution
Resilience Mechanism: Downstream refining margins (+24.5% margin delta) and steady upstream E&P production offset domestic industrial chemical softness (-8.4%) and transport fuel demand contraction (-3.8%).
Refinery Output Slate & Product Yields
Dynamic Barrel Balancing
Diesel Fuel (Transport/Agri)
34.0% ($18.2/bbl crack)
Motor Gasoline
28.5% ($14.6/bbl crack)
Aviation Jet/Kerosene
12.5% ($19.8/bbl crack)
Petrochemical Feedstock/Naphtha
25.0% ($4.1/bbl crack)