Near-Term Looks Tougher with Regional Refiner Margins Coronavirus-Impacted. Long-Term Unchanged.

Viva, along with Caltex, BP and Mobil, is in a rare breed of vertically integrated Australian refined fuel suppliers. The Australian downstream petroleum industry runs from sourcing, transporting and storing crude oil, refining that crude into marketable products or directly sourcing imported refined product, and then transporting refined products for sale to retail and commercial customers. Refined products are mostly used in the transport sector, including commercial and private motoring, aviation, marine, and other transport demand. The Australian market equated to approximately 59.6 billion litres of product in 2017, with road use the largest segment at over 50%, followed by aviation at 14% and industry at 12%.