IMO Latest Report

Performance Review

Empire Oil (IMO) reported a total operating revenue of $12.607 billion as of December 31, 2024, a 3.0% YoY decrease from $13.109 billion as of December 31, 2023. This change may reflect factors such as intensified competition, declining operational efficiency, and macroeconomic impacts.

Key Financial Data

1. 2024 total operating revenue of $12.607 billion, a 3.0% YoY decrease.

2. Sales cost of $9.617 billion, a decrease from $9.991 billion in 2023.

3. Gross profit of $299 million, a decrease from $311 million in 2023.

4. Operating expenses of $784 million, an increase from $717 million in 2023.

Industry Comparison

1. Industry-wide analysis: The overall operating revenue of the energy industry in 2024 generally declined, affected by oil price fluctuations, changes in demand, and policy impacts, indicating market pressure within the industry.

2. Peer evaluation analysis: Empire Oil's operating revenue decline was relatively smaller, while some competitors faced greater revenue pressure, but its profitability and market share should still be monitored.

Summary

The decline in Empire Oil's operating revenue reflects the challenges of intensified competition and the macroeconomic environment. Although sales costs have decreased, the company's gross profit is still under pressure, and its operational efficiency and cost control should be monitored.

Opportunities

1. Leverage its strong performance in the chemical sector to enhance overall profitability.

2. Optimize operational management and cost control to enhance market competitiveness.

3. Utilize its cooperation with ExxonMobil to expand market share and product lines.

Risks

1. Global economic fluctuations may affect energy demand and further compress profit margins.

2. Geopolitical factors leading to oil price volatility may affect market performance.

3. Changes in competitors' market strategies may lead to further loss of market share.