Post-tax profits rise at Whitegate oil refinery firm to $128.4m

Lower corporation tax cited as reason for higher profits

Irving Oil Whitegate Holdings saw employee numbers increase from 228 to 235 in 2023. Picture: David Creedon

Post-tax profits at the firm which operates Ireland’s only oil refinery at Whitegate in County Cork increased by 10% to $128.4m (€124.5m) in 2023.

That is according to accounts for Irving Oil Whitegate Holdings Ltd, where revenues decreased by 3.5% from $3.397bn to $3.275bn.