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Full coverage· Economy· Updated

Israel's Bazan Oil Refineries Posts Strong Q2 Profit Amid Energy Market Turmoil, Declares Dividend

Bazan Oil Refineries reported a $263 million net profit in Q2 2026, boosted by higher refining margins amid Middle East conflicts and supply disruptions. The company also declared a $120 million dividend to shareholders.

2 newsrooms · 1 language · since

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What happened

  1. 01Bazan’s Q2 2026 refining margin rose to $17.9 per barrel from $10.5 in Q2 2025.
  2. 02The company posted a net profit of $263 million, reversing a prior loss of $37 million.
  3. 03Adjusted EBITDA increased to $317 million from $75 million year-over-year.
  4. 04Geopolitical tensions in the Middle East and Russia-Ukraine conflict tightened global fuel supplies.
  5. 05Bazan received $71 million insurance income for damages from Iranian missile attacks.
  6. 06The board approved a $120 million dividend distribution to shareholders.
Translated and summarized by baba from Calcalist, the latest report. Read Calcalist’s original

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