What was the profit or loss before interest and taxation for Petro Stopping Center in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Sales and other operating revenues | 4 | 79,377 | 83,612 | 92,710 |
| Earnings from joint ventures and associates - after interest and tax | 12,13 | 206 | (1,062) | (111) |
| Interest and other income | 5 | 2,877 | 2,830 | 1,879 |
| Gains on sale of businesses and fixed assets | 3 | 471 | 191 | 116 |
| Total revenues and other income | 82,931 | 85,571 | 94,594 | |
| Purchases | 15 | 47,509 | 49,135 | 54,170 |
| Production and manufacturing expenses | 13,302 | 13,059 | 14,659 | |
| Production and similar taxes | 397 | 365 | 707 | |
| Depreciation, depletion and amortization | 8,593 | 7,391 | 5,622 | |
| Net impairment and losses on sale of businesses and fixed assets | 3 | 518 | 1,636 | (356) |
| Exploration expense | 6 | 481 | 358 | 156 |
| Distribution and administration expenses | 4,730 | 4,999 | 2,862 | |
| Profit (loss) before interest and taxation | 7,401 | 8,628 | 16,774 | |
| Finance costs | 5 | 3,338 | 2,516 | 1,715 |
| Net finance expense relating to pensions and other post-employment benefits | 19 | 19 | 25 | 29 |
| Profit (loss) before taxation | 4,044 | 6,087 | 15,030 | |
| Taxation | 7 | 773 | 1,128 | 4,589 |
| Profit (loss) for the year | 3,271 | 4,959 | 10,441 | |
| Attributable to | ||||
| BP Corporation North America shareholders | 26 | 2,453 | 4,331 | 9,163 |
| Preference share dividends | 26 | 839 | 839 | 839 |
| Non-controlling interests | 26 | (21) | (211) | 439 |
| 3,271 | 4,959 | 10,441 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the profit (loss) before interest and taxation in 2023 was $8,628 million. This is part of the consolidated financial information that includes earnings from joint ventures and associates, interest and other income, and gains on the sale of businesses and fixed assets. It is crucial to understand that this figure represents the overall financial performance of the company and not necessarily the performance of an individual franchise location.
This number is calculated before deducting finance costs and taxation, providing a view of the operational profitability of Petro Stopping Center. For a potential franchisee, this indicates the overall financial health of the parent company, which can influence the support, resources, and brand strength available to franchisees. However, it's important to recognize that the profitability of an individual Petro Stopping Center franchise can vary widely based on location, management, and local market conditions.
Prospective franchisees should investigate further to understand how these figures translate to the unit level. Understanding the factors that contribute to these profits and losses can help a franchisee assess the potential risks and rewards of investing in a Petro Stopping Center franchise. It is also important to consider these figures in the context of broader economic trends and industry-specific challenges.