recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also
(including losses on inventories devaluation (NRV)). 3. BCPT recorded increased gross profit from Q2/ 2019 due to trade transactions of crude oil and petroleum products increasing by 2.17 million barrels (+45
down by 0.2% to 3.5%. Furthermore, US crude oil stock has been increasing gradually, threatening the price of crude oil after crude production in the US reached their all-time high of 12.1 million
swaps between major oil companies (petroleum traders in accordance with section 7) and sales of crude oil products Performance for Q4/2019, the refinery business recorded EBITDA THB 1,073 million, an
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant
transportation sector during periods of crude oil upsides. However, as the end of the year approached, oil price started tumbling, increasing marketing margin; since there is a lag between service station retail
of THB 7 Million) from increasing crude oil price throughout the quarter. 3. BCP Trading Co., Ltd. recorded a revenue of THB 11,902 million in revenue, the notable growth from Q3/2017 was from the 4
amount of THB 348 million. 3. The refinery business in 2017 recorded an Inventory Gain of THB 834 million, increasing from the previous year due to rising average crude oil price. Average DB crude and DTD