What caused the temporary production drop at Viva Energy (ASX:VEA)?

Viva Energy (ASX:VEA) experienced a production drop due to a refinery fire that occurred on 15 April 2026. The incident was linked to a piping failure within the refinery's alkylation unit.

What are the financial metrics for the Viva Energy (ASX:VEA) Geelong Refinery?

Viva Energy (ASX:VEA) recorded a Geelong Refining Margin of US$23.90 per barrel for April and May 2026. This margin was calculated from a total refining intake of 6.5 million barrels.

How is Viva Energy (ASX:VEA) managing the financial impacts of the incident?

Viva Energy (ASX:VEA) is currently working alongside its insurers regarding property damage and business interruption claims. The company is also investigating the precise cause of the underlying piping failure.

What does the operational timeline look like for Viva Energy (ASX:VEA)?

Viva Energy (ASX:VEA) has restarted its residue catalytic cracking unit, lifting current capacity to over 90%. However, the company stated that the refinery will continue to operate without its alkylation unit throughout 2027.

How did the stock market react to the Viva Energy (ASX:VEA) announcement?

Following the market announcement, the Viva Energy (ASX:VEA) share price closed down at A$2.09. The price drop occurred immediately after the company provided its operational and capacity updates.

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Viva Energy lifts refinery production over 90%

Written by Heidi Cuthbert Published Jun 23, 2026, 5:14 AM

Viva Energy has restarted a key processing unit at its Geelong Refinery.
The refinery recorded a refining margin of US$23.90 per barrel for April and May.
The company stated that the refinery will operate without its alkylation unit throughout 2027.

Viva Energy (ASX:VEA) has restarted its residue catalytic cracking unit, returning production to over 90% of normal capacity.

The restart follows a refinery fire that occurred on April 15.

The company stated that the refinery will operate without its alkylation unit throughout 2027.

The Geelong Refining Margin for April and May was US$23.90 per barrel from a 6.5 million barrel intake.

Following the announcement, the Viva Energy share price was down at $2.09.

The company is working with insurers regarding property damage and business interruption.

The business continues to investigate the piping failure that released the fuel.

Viva Energy lifts refinery production over 90%

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