Viva Energy Group Ltd Ordinary Shares

VEA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$8.87	Rjxy	Pvngrsvk

Viva Energy: Fuel Volumes Up Despite High Oil Prices and Soft Seasonal and Economic Conditions

Mark Taylor

Oct 23, 2023

Our AUD 3.35 fair value for no-moat Viva Energy stands. Australia’s second-largest retailer of refined fuel reported relatively strong third-quarter 2023 fuel sales, up 4.7% over the previous corresponding period, and in line with the June 2023 quarter. This is a creditable outcome given strength in the oil price and generally softer seasonal and economic conditions.

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