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BLUE DOLPHIN ENERGY CO - $BDCO STOCK NEWS

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News
Rhea-AI Summary
Blue Dolphin Energy Company (BDCO) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market. The ranking is based on one-year total return and average daily dollar volume growth in the previous year. This is the second consecutive year that Blue Dolphin has achieved this distinction, showcasing the company's efforts to increase shareholder value and improve liquidity. The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies, requiring high financial standards, best practice corporate governance, and compliance with applicable securities laws.
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Rhea-AI Summary
Blue Dolphin Energy Company (BDCO) reported a net income of $7.1 million, or $0.47 per share, for the quarter ended September 30, 2023. The company's financial highlights included a $1.2 million increase in gross profit to $11.2 million from the third quarter of 2022, and a $0.7 million increase in net income to $7.1 million from the same period last year. Jonathan P. Carroll, the CEO, expressed confidence in the company's performance and highlighted a focus on safe operations, increased liquidity, and debt restructuring.
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Blue Dolphin Energy Company reports financial results for the second quarter of 2023, with a decrease in net income due to weaker refining margins and lower production volumes.
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BLUE DOLPHIN ENERGY CO

OTC:BDCO

BDCO Rankings

BDCO Stock Data

96.69M
1.87M
87.47%
5.33%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Houston

About BDCO

blue dolphin energy company operates as an independent refiner and marketer of petroleum products. the company engages in refining crude oil into marketable finished and refined products, such as non-road, locomotive, and marine diesel fuel, as well as naphtha, distillates, and atmospheric gas oil; and conducts petroleum storage and terminaling operations under third party lease agreements at the nixon facility. it also provides pipeline transportation services comprising gathering and transporting oil and natural gas for producers/shippers operating offshore in the u.s. gulf of mexico. in addition, blue dolphin energy company engages in the oil and gas exploration and production activities. it holds leasehold interests in the high island block 115 located to the southeast of bolivar peninsula, galveston area block 321 located to the southeast of galveston, and high island block 37 located to the south of sabine pass in the u.s. gulf of mexico. the company is headquartered in houston,