Refinery gross margin definition

Refinery gross margin means the difference between average net sales price and average cost per barrel sold. This does not include the associated depreciation and amortization costs.
Refinery gross margin means the difference between average net sales price and average product costs per produced barrel of refined products sold. This does not include the associated depreciation and amortization costs.
Refinery gross margin means the difference between average net sales price and average product costs per produced barrel of refined products sold.

More Definitions of Refinery gross margin

Refinery gross margin means the difference between average net sales price and average product costs per produced barrel of refined products sold. This does not include the associated depreciation and amortization costs. Refinery gross margin is a non-GAAP performance measure.