Refinery Cost & Margin Analytics
Overview
Assess the cost and margin positions of global operating refineries at an asset level, with a forecast of their performance.
How confident are you in your ability to evaluate the long-term competitiveness of the global operating refineries?
The Refinery Cost and Margin Analytics 12-month subscription provides a model updated on a quarterly basis and enabled by AspenTech Unified PIMS, aligned to the S&P Global proprietary long-term price forecasts and supply/demand balances, as part of our Annual Strategic Workbook. The visualization and analytical tools provide an intuitive way to benchmark the competitive landscape of the global refining industry to evaluate refinery performance, determine rationalization potential, and assess potential refinery acquisitions.
Our integrated approach offers you the opportunity to respond as the market shifts, and ensures your strategic and operational decisions utilize the most current and robust data available. Key features include:
- >90% of global refinery capacity
- Enabled by AspenTech Unified PIMS software
- Profitability metrics: Cash cost to produce light products (CCLP) and net/gross margin estimates, identified by refinery
- Operational metrics: Refinery level yields, operating costs & metrics, logistics costs
- Functionality to generate estimated economics for hypothetical refineries
- User-input crude and product price scenarios to efficiently understand refinery performance across different market environments
- Annual cost/margin curves: 5 years history and 10 years forecast
- Quarterly cost/margin curves: 8 quarters history and 8 quarters forecast
How do our clients use the Refinery Cost & Margin Analytics service?
Understanding the competitive positioning of global operating refineries requires detailed and complex calculations combined with an extensive foundation of knowledge and insight. Companies can spend an inordinate amount of time collecting data and analyzing macroeconomic trends, cost drivers and supply/demand from disparate sources to assess their competitiveness and optimize profitability.
Utilizing our refining knowledge base, comprehensive refinery database, and price forecasts, S&P Global models the competitiveness of >525+ global operating refineries. Our clients use the service for:
Our clients use the service for
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Refinery Benchmarking
- Benchmark your refinery performance against the competition
- Review cost & margin estimates for competing assets
- Identify fluctuations in competitive positioning resulting from shifts in energy and market conditions
-
Portfolio Improvement
- Understand risk and exposure to market volatility including upcoming regulatory changes
- Determine impact of new projects capacity additions
- Evaluate profitability of existing refineries to identify M&A targets
-
Capital Investment Evaluation
- Calculate CCLP and gross/net margins of new capital investments
- Understand market position of new refinery relative to existing refineries
- Conduct scenario and sensitivity analysis to validate expected refinery performance
By combining our global expertise with flexible functionality, S&P Global helps you answer these questions:
- How can I benchmark performance of the refining industry over time?
- What is the position of our refineries versus our competitors or acquisition targets?
- How have companies performed historically and how will they perform in the future?
- How can I identify weak performing refineries that are at-risk of rationalization?
- What is the relative competitiveness and viability of a new refinery investment, based on a specific region or refinery configuration?
Benchmarking Metrics
-
Refinery Output
- Refinery level yields
- Operating Costs
- Logistics costs
-
Refinery Profitability
- Gross margin
- Net margin
- Cash cost to produce light products (CCLP)
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Coverage of All Key Regions
- North America
- Latin America
- Europe
- CIS
- Africa
- Middle East
- North Asia (incl. China)
- South East Asia
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Why S&P Global Energy?
Unparalleled Experience
For 100+ years, we've delivered Platts price assessments for physical and forward markets. Customers count on us for news, pricing, and analytics, ensuring transparent, efficient markets for confident decisions.
Trusted benchmark pricing
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Integrated European market pricing coverage
Covers 16 European hubs—natural gas, power, renewables, nuclear and coal —in one connected pricing service.
Historical view of Pricing
Comprehensive price history back to 1985 supports deep analysis of historical price trends to better understand the current market dynamics and forecast potential price movements resulting from similar previous geopolitical events.
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