What was the profit (loss) before taxation for Petro Stopping Center 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 and income taxes. It is a key indicator of Petro Stopping Center's operational profitability, reflecting how well the business is performing before considering the effects of financing and taxation.
For a prospective franchisee, understanding the profit before taxation is crucial because it provides insight into the underlying financial health of Petro Stopping Center. A higher profit before taxation generally indicates a more robust and efficient business model. However, it's important to note that this figure does not reflect the final profit a franchisee might expect, as it does not account for taxes, which can vary based on location and specific financial circumstances.
Additionally, the FDD provides comparative figures for 2023 and 2022, which were $6,087 million and $15,030 million, respectively. The decrease in profit before taxation from 2022 to 2024 suggests a potential trend that prospective franchisees should investigate further. Understanding the factors contributing to this change, such as market conditions or operational adjustments, is essential for making an informed investment decision. Franchisees should also consider how these figures might translate into profitability at the individual unit level, taking into account their own operating costs and revenue potential.