HOUSTON, TX - Blue Dolphin Energy Company (OTCQX:BDCO) is pleased to announce it has been named to the 2023 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022.

'We are very pleased to have received this recognition as a top performing stock on the OTCQX in 2022,' said Jonathan P. Carroll, Chief Executive Officer, and President of Blue Dolphin Energy Company. 'Last year was a banner year financially for Blue Dolphin, and I would like to thank our entire team for their efforts and our shareholders for their continued support.'

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Blue Dolphin

Blue Dolphin is an independent downstream energy company operating in the Gulf Coast region of the United States. Subsidiaries operate a light sweet-crude, 15,000-bpd crude distillation tower with more than 1.2 million bbls of petroleum storage tank capacity in Nixon, Texas. Blue Dolphin was formed in 1986 as a Delaware corporation and is traded on the OTCQX under the ticker symbol 'BDCO'. For additional information, visit Blue Dolphin's corporate website at http://www.blue-dolphin-energy.com.

Contact:

Media

Jonathan P. Carroll

Chief Executive Officer and President

T: 713-568-4725

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