In 2023, the Net Operating Surplus in the UK's coke and refined petroleum products sector was stable compared to previous data. The forecasted value is set to rise steadily from £3.14 billion in 2024 to £3.63 billion in 2028, marking consistent year-on-year growth of approximately 3.8%. This steady increase reflects a positive sentiment towards the sector's profitability. Over the five year span, the Compound Annual Growth Rate (CAGR) would be around 3.8%, indicating robust performance expectations.
Future trends to watch for include:
- Potential impacts of regulatory changes on production and profitability.
- Fluctuations in global oil prices and their effect on surplus.
- Technological advancements in refining processes and their cost efficiencies.
- Shifts in energy demands and transition towards renewable energy sources.
