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Monday, February 12, 2018VOLUME 14 ISSUE 7
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Valvoline Posts Fiscal 1Q Loss

Valvoline reported a net loss for its fiscal first quarter ended Dec. 31, 2017 of $10 million compared to a profit of $72 million in last year's similar quarter. Revenue for the quarter was $545 million compared to $489 million in the same quarter in 2016.  Lubricant volume increased 2 percent to 43.8 million gallons.


Afton Chemical 4Q Sales Up 11%  

Afton Chemical last Tuesday reported that its sales for the fourth quarter of 2017 were $556.9 million, up 11.4% versus the same period last year. Operating profit for the fourth quarter was $77.9 million, 3.0% higher than fourth quarter operating profit last year of $75.6 million.


BP Reports Excellent FY 2017 Earnings

BP reported that its fourth quarter and full year profit was $27 million and $3,389 million respectively, compared with $497 million and $115 million for the same periods in 2016. Fourth quarter revenues were $67,816 million compared to $51,007 million in the 2016 fourth quarter and for the full year was $240,208 million compared to $183,008 million in 2016.


ExxonMobil Invests in Yoshi, On-Demand Vehicle Care Startup

ExxonMobil announced last Wednesday it has invested into Palo Alto, CA-based Yoshi, a startup offering on-demand fuel delivery and vehicle care service. ExxonMobil will provide Yoshi with Exxon or Mobil Fuel and Mobil lubricants. This investment will allow ExxonMobil to shape a new channel in the market for its products.


Hydrodec Posts First Positive FY Profit in Group’s History 

Used oil rerefiner Hydrodec Group plc announced in a trading update for the financial year ended 31 December 2017 that it posted an EBITDA of approximately US$0.45 million, the first positive full-year EBITDA in the Group’s history, a US$1.75 million improvement compared to the prior year's loss of US$1.3 million.

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