CW Petroleum Corp (CWPE): Reports 2021, Q1-2022 Revenues
CW Petroleum Corp (OTCQB: CWPE) reported total revenues of $1.69 million for the three months ended March 31, 2022, marking an increase of $11,149 compared to the same quarter in 2021. The total revenue for the entire fiscal year 2021 was $8.2 million. The company specializes in providing proprietary reformulated no ethanol gasoline and biofuels, and operates through its wholly-owned subsidiary to distribute various fuel types.
- Total revenues for Q1 2022 increased to $1.69 million, a rise of $11,149 year-over-year.
- Total annual revenue in 2021 was $8.2 million, indicating solid annual performance.
- None.
Katy, Texas, June 21, 2022 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE), a leading provider of Proprietary Reformulated No Ethanol Gasoline and Biofuels, announced that its total revenues for the three months ended March 31, 2022 were
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SEC Form 1-K (Period Ending 12/31/2021)
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About CW Petroleum Corp
CW Petroleum Corp was incorporated in the State of Texas on April 29, 2005 and began operations in 2011. On April 14, 2018, CW Petroleum Corp was incorporated in the State of Wyoming. On April 15, 2018, the Texas corporation became a wholly-owned subsidiary of the Company through a share exchange. CW Petroleum Corp (Wyoming) is a holding company and, through our wholly-owned subsidiary, we supply and distribute biodiesel, biodiesel blends, ultra-low sulfur diesel, gasoline blends, renewable gasoline, and a proprietary EPA-approved reformulated no ethanol gasoline to distributors, convenience stores, and marinas.
Forward-Looking Statements
Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the company’s filings with the Securities and Exchange Commission.
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