Caltex Australia Limited (ASX: CTX) provided its Caltex Refiner Margin related to CRM sales from production during Q4 2019. In Q4 2019, CRM was US$7.51/bbl, which was US$10.53/bbl in Q3 2019.
CRM sales from production in Q4 2019 was 1,586 ML which was 1,055ML in Q3 2019 and 1,472ML in Q4 2018.
The Q4 2019 Caltex Singapore Weighted Average Margin (SWAM) was US$12.75/bbl which was lower than Q3 2019 SWAM of US$12.86/bbl & the October 2019 SWAM of $15.61/bbl
Q4 CRM was impacted by falling SWAM and earlier highlighted rise in landed crude oil premiums.
CTX confirmed its unaudited profit guidance for RCOP EBIT to remain be unaffected with guidance to lie between $580 million to $620 million.