Total Revenue

-11% YoY (from $35,811 million in Q1 2024 to $31,726 million in Q1 2025)

Total Revenue declined by 11% YoY as lower sales volumes and pricing pressures on refined products drove revenues down compared to Q1 2024, where higher demand and pricing supported the $35,811 million figure. " "

Net Income

-31% YoY (from $761 million in Q1 2024 to $526 million in Q1 2025)

Net Income fell by 31% YoY due to margin pressures and operational challenges that reduced profitability, reflecting a deterioration that builds on previous period trends of declining margins and cost challenges. " "

Operating Cash Flow

Improvement from -$(236) million in Q1 2024 to $187 million in Q1 2025

Operating Cash Flow rebounded dramatically as improved working capital management and cost controls helped offset earnings declines, marking a significant recovery compared to the negative cash flow observed in Q1 2024. " "

Total Equity

-8% YoY (from $30,793 million in Q1 2024 to $28,353 million in Q1 2025)

Total Equity decreased by roughly 8% YoY driven by the cumulative impact of lower net income and potential reductions through dividends or share repurchases, a trend that followed the downward pressure seen in previous periods. " "

Basic EPS

-31%+ YoY (from $1.74 in Q1 2024 to $1.19 in Q1 2025)

Basic EPS dropped over 30% YoY as the substantial decline in net income was not adequately offset by a reduction in weighted-average shares outstanding, underlining sustained margin pressure and operational challenges compared to Q1 2024. " "