Maurel & Prom reports 78% jump in half-year net income driven by crude prices

Maurel & Prom reported a 78% jump in consolidated half-year net income to $191 million, driven by higher crude prices improving profitability. The company also guided that Venezuela crude exports are expected to normalize in the second half of 2026, supporting longer-term supply expectations.

Analysis

Maurel & Prom reported a 78% jump in consolidated half-year net income to $191 million, driven by higher crude prices improving profitability. The company also guided that Venezuela crude exports are expected to normalize in the second half of 2026, supporting longer-term supply expectations.