Sasol Earnings Soar as Middle East Conflict Drives Up Oil Prices

Sasol's earnings are expected to rise significantly due to higher production, stronger oil prices, and improved refining margins. The Middle East conflict has driven up crude oil prices above $100 a barrel, disrupting shipping and tightening fuel supplies globally.

The company expects earnings per share (EPS) to increase by 84% to between R17.50 and R19.50 from R10.60 in the previous year. Headline earnings per share are expected to rise 2-14% to between R36 and R40.

Refining margins more than doubled due to fuel shortages and tighter supplies, while impairments decreased compared to the previous year.