What was Petro Stopping Center's profit (loss) before taxation in 2024?
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 taxation in 2024 was $4,044 million. This figure represents the company's earnings before accounting for interest expenses, interest income, and income taxes. It is a key indicator of the company's operational profitability, reflecting how well it generates profits from its core business activities before considering the impact of financing and taxation.
For a prospective franchisee, understanding the profit before taxation is crucial because it provides insight into the underlying financial health and efficiency of Petro Stopping Center's operations. A higher profit before taxation suggests that the company is effectively managing its costs and generating substantial revenue from its services. This can be a positive sign for potential investors, indicating a stable and profitable business model.
However, it is important to note that this figure does not reflect the final profit after all expenses and taxes are accounted for. Franchisees should also consider the finance costs ($3,338 million in 2024) and taxation ($773 million in 2024) to get a complete picture of the company's net profitability. Additionally, comparing the 2024 profit before taxation with previous years (e.g., $6,087 million in 2023 and $15,030 million in 2022) can reveal trends in the company's financial performance, helping franchisees assess the sustainability of its profitability.
Therefore, while the $4,044 million profit before taxation in 2024 is a significant data point, prospective Petro Stopping Center franchisees should conduct a thorough analysis of the company's financial statements, including all revenue, expenses, and tax implications, to make an informed investment decision.