INSIGHTS - OCTOBER 2024

UK Fuel Refining Industry

UK Fuel Refining Industry Information

The oil refining industry transforms crude oil into products such as petroleum, gasoline, diesel, asphalt, heating oil, kerosene, liquefied petroleum gas, jet fuel, fuel oils or coke.

Active Businesses

206

Annual Sales

£46bn +

Employees

8,337

Economic Contribution 

£2bn

Tags

Location of Fuel Refining Companies

Fuel Refining Companies by Size

40% Micro

31% Small

12% Large

10% Mega

7% Mid

Fuel Refining Companies by Age

29% Mature

28% Young

19% Established

19% Startup

4% New

Fastest Growing Fuel Refining Companies

27% Healthy

24% Rapid

22% High

19% Declining

8% Low

Fuel Refining Industry Competitive Environment - New Entrants vs Leavers

Fuel Refining Industry Valuation

EBITDA Multiple

Data only available to Pomanda Pro subscribers.

Fuel Refining Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Fuel Refining Industry Valuation

Net Asset Multiple

Data only available to Pomanda Pro subscribers.

Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Manufacture of coke and refined petroleum products Industry Insights

There are 206 active Businesses in the UK with combined annual sales of £46 billion .

The Industry employs around 8,337 people and contributes £2 billion to the economy.

The most popular location for Fuel Refining companies is London with 55 and the fewest are located in South West England with 3.

The largest Fuel Refining company is Phillips 66 Limited with a turnover of £17.8bn. 40% of the industry is comprised of Micro companies with only 12% Large companies.

19% of the Fuel Refining Industry is made up of 19% Startup but the majority are Mature businesses (29%) the oldest company is Esso Petroleum Company,limited founded in 1888.

Fuel Refining industry has a number of high growth companies (19%), the fastest growing company is Tupras Trading Ltd with a 3 year growth rate of 325%. Other fast growing companies include Lubricants Uk Limited (48%), Esso Petroleum Company,limited (38%) and Bp Oil Uk Limited (34%).

The UK Fuel Refining Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 6.32x, Turnover multiple of 0.96x and a Net Asset multiple of 2.34x.