Oil & Gas Refining & Marketing · Energy
John Royale
Analyst
Piper Sandler
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About John Royale
John Royale is recorded as Analyst at Piper Sandler. John Royale has spoken on 10 earnings calls across 7 companies, most recently for Marathon Petroleum Corp on November 3, 2026. Those appearances were for Marathon Petroleum Corp (MPC), ExxonMobil Holdings Corp (XOM), Valero Energy Corp (VLO), PBF Energy Inc. (PBF), Phillips 66 (PSX) and 2 other companies. The companies whose calls John Royale spoke on are classified in the Energy sector.
John Royale on recent calls
“So my first question is just another follow-up on the divestiture and specifically on the tax implications. I would imagine the sale price is well in excess of your cost basis.”
“So my first question is on the performance of SBR. Obviously, it's a very positive macro for RD, but it looks like a really strong quarter on that equity earnings line for 3Q. Can you talk about that unit kind of operationally, how it's running, and what feedstocks look like?”
“So my first question, I just wanted to ask on the cash situation and the volatility in the market. We know yourselves and some of your peers ended up in a situation in 1Q where you had to post a significant amount of collateral due to spikes in prices.”
“I was hoping first maybe you could talk through the process of separating lubes and what are the near-term steps we can expect from here, and any big pieces of progress we should expect from now to the next time we speak to you in January.”
Affiliation history
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Piper Sandler
Analyst
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Current
Company network
Oil & Gas Refining & Marketing · Energy
PBF
Oil & Gas Refining & Marketing · Energy
PSX
Oil & Gas Refining & Marketing · Energy
DINO
Oil & Gas Refining & Marketing · Energy
CVX
Oil & Gas Integrated · Energy