Caltex (ASX:CTX) has reported its replacement cost operating profit rose 18 per cent to $621 million for the 2017 full year.
Its underlying earnings before interest and tax (EBIT) increased 5.1 per cent to $776 million.
The company declared a final fully franked dividend of 61 cents per share to be paid on the 6th of April 2018.
Caltex says the rise in profit was marginally above the 2017 full year profit guidance.
The improved results were driven by strong operating performance of the Lytton refinery which generated a 50 per cent rise in its earnings.
Shares in Caltex (ASX:CTX) are trading 4.46 per cent higher to $36.56