Inpex Corp

1605: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Inpex Earnings: Higher Brent Crude Prices Support Despite Decline in Middle East Volumes

Mark Taylor

Aug 11, 2026

Japanese oil and gas producer Inpex's underlying first-half 2026 NPAT increased 18% on last year to JPY 263 billion. Performance reflects a 17% rise in the Brent crude price and a 700-basis-point improvement in EBITDA margin to 83%, partially countered by 6% lower production volumes. Shares rose 3%.

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Inpex Corp

Inpex Earnings: Higher Brent Crude Prices Support Despite Decline in Middle East Volumes

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