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S-Oil Expects Its Dividend Payout to Exceed 30% Of Net Profit in 2019, 2020
S-Oil Wins 899 Bln Won Order To Supply Naphtha In S.Korea
S-Oil to pay semi-annual cash dividend as 600 won/share
S-Oil Corp is a Korea-based company principally engaged in the manufacture and sale of refined oil. The Company operates its business through three segments. The Refinery segment produces products such as diesel, aviation, gasoline, naphtha, which are fuels for transportation, heating, aircrafts and automobiles and others. The Petrochemical segment produces benzene, toluene and xylene, which are the raw materials for petrochemicals. The Lubrication segment manufactures lubricant base oil and lubricants.
Oil & Gas Operations
192, Baekbeom-ro, Mapo-gu
Chul Su Kim
Chairman of the Board
Bong Su Park
President and Head of Operations
President and Head of Corporate Strategy & Services
Chief Executive Officer, Representative Director
Yeong Yil Cho
Chief Financial Officer, Executive Vice President
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Two refiners in South Korea, the world's fifth largest crude oil importer, posted their biggest losses ever in the first half when oil prices slumped as the COVID-19 pandemic ravaged fuel demand.
South Korea's S-Oil Corp said on Friday it expected refining margins to continuously recover in the third quarter, supported by the easing of coronavirus-related restrictions.
South Korea's S-Oil Corp said on Friday that refining margins are expected to continuously recover in the third quarter, supported by easing of coronavirus-related restrictions.
S-Oil <010950.KS>, South Korea's third-largest refiner, said on Monday that refining margins are likely to improve in the second quarter as countries reopen businesses that were closed to try to contain the coronavirus pandemic.
* Demand for diesel, cleaner shipping fuels to support margins
S-Oil Corp, South Korea's third-biggest refiner by capacity, said on Friday that refining margins are expected to improve in 2020, supported by demand growth from the implementation of new shipping fuel rules and thawing U.S.-China trade tensions.
South Korea's third-biggest refiner, S-Oil, has signed a contract to supply a total of 3.1 trillion won ($2.66 billion) of refined oil products to Saudi Aramco's trading arm, it said on Wednesday.
* Sees inventory build-up ahead of IMO 2020 supporting Q4 margins
S-Oil, South Korea's third-largest refiner, said on Wednesday that refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.
S-Oil <010950.KS>, South Korea's third-largest refiner, said on Wednesday it expects refining margins to strengthen in coming quarters, supported by demand for new low-sulfur marine fuels and the U.S. driving season.
South Korea's S-Oil, South Korea's third-largest refiner, said on Wednesday that inventory build-up ahead of the implementation of new shipping rules in 2020 will support refining margins in the third and fourth quarters.
S-Oil Corp, South Korea's third-biggest oil refiner by capacity, said it expects refining margins to recover in the second quarter, supported by tighter supply of refined products as many peers take plants off line for regular maintenance work.
South Korean oil refiners S-Oil Corp and Hyundai Oilbank Co have agreed to settle criminal and civil charges of rigging bids to supply fuel to the U.S. military, the Justice Department said on Wednesday.
S-Oil Corp, South Korea's third-biggest refiner, said on Tuesday that it has signed a contract to sell a total of 2.61 trillion won ($2.32 billion) worth of refined oil products to Saudi Aramco's trading arm.
* Plans to shut down No.3 CDU, CFU in March for 30 days for maintenance
S-Oil Corp, South Korea's third-biggest refiner by capacity, said on Monday that refining margins are expected to improve in 2019, supported by growing diesel demand.
* New refining, petchem units to start commercial operations in Nov
S-Oil Corp, South Korea's third-largest refiner by capacity, said on Friday that seasonal demand and tight supply in the region are expected to help refining margins increase in the fourth quarter.
Saudi Arabia's state-owned oil giant Aramco is teaming up with South Korean refiner S-Oil Corp <010950.KS> for a joint reception at this year's Asia Pacific Petroleum Conference (APPEC) in Singapore, according to two industry sources.
Saudi Arabia's state-owned oil giant Aramco is teaming up with South Korean refiner S-Oil Corp for a joint reception at this year's Asia Pacific Petroleum Conference (APPEC) in Singapore, according to two industry sources.
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