Recent Updates — BDCO

The board of directors appointed William Christopher "Chris" McDougall to the positions of Chief Financial Officer, Treasurer, and Assistant Secretary effective October 17, 2026. McDougall previously served as the company's Director of Corporate Development since 2015 and brings over twenty-five years of experience in the oil and gas, chemicals, and investment management industries. Bryce D. Klug continues to serve as the principal accounting officer. The company operates in the energy sector, focusing on the exploration and production of oil and natural gas.

Blue Dolphin Energy Company reported financial results for the three and six months ended June 30, 2026. The company posted net income of $17.7 million, or $1.19 per share, for the second quarter, compared to a net loss of $1.7 million in the prior year period. Gross profit reached $25.1 million for the quarter and $45.7 million for the six-month period. Consolidated EBITDA totaled $24.4 million for the three months ended June 30, 2026, up from $0.1 million in the same period last year. As of June 30, 2026, the company held $31.7 million in cash and restricted cash. Blue Dolphin Energy Company is an independent downstream energy company operating a refinery and marketing petroleum products in the Gulf Coast region.