2
Profit Margin
According to the data, Phillips had the most significant profit margin in 2018, reaching
5.01%, followed by Valero, which came in at 2.66%. After analyzing the provided data from
2018 to 2022, Phillips 66 and Valero had a significant increase in revenue retained (Julie Harris,
Kevin Hack). In 2020, there was a substantial decline in the refining industry due to the
pandemic, causing the demand for motor fuels and refined petroleum products to decrease
substantially, causing Phillips and Valero to suffer significantly. The pattern in the chart indicates
that Phillips and Valero have been doing well since 2020 because they have kept their profit
margins at a high level, proving that they have effectively managed their costs and maintained a
high operational efficiency.
Sales Growth
After analyzing the data, the graph details the increase during the past five years, where
Valero had the highest sales growth rate in 2018, coming in at 20%, followed by Phillips at 8%.
After the decline in 2020, the effect of the pandemic challenged the market conditions in many
