Q2 2020 JXTG Holdings Inc Earnings Presentation Transcript

Nov 08, 2019 / 07:00AM GMT

Release Date Price: $4.75

Transcript

Tsutomu Sugimori

JXTG Holdings, Inc. - President & Director

I'm Sugimori, President of JXTG Holdings. For shareholders and investors, thank you very much for your continued support and cooperation for the business activities of JXTG Group.

Please turn to Page 2. Operating income, excluding inventory valuation for the second quarter FY 2019 was JPY 170.2 billion, down JPY 170.9 billion year-on-year.

Since the launch of JXTG 2 years ago, gasoline, kerosene, diesel fuel and fuel oil A margin have been steady, backed by improved supply-demand balance in domestic fuel oil market and creation of integration synergies. However, in this first half, due to negative time lag in oil products caused by falling resource prices, led by crude oil price,

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