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    A010950   KR7010950004

S-OIL CORPORATION

(A010950)
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S Oil : expects Q3 refining margins to rebound on rising fuel demand

07/26/2021 | 09:44pm EDT

SEOUL, July 27 (Reuters) - South Korea's S-Oil Corp said on Tuesday that refining margins are expected to rebound in the third quarter, driven by high demand for transport fuels because of an increase in global economic activities and mobility.

S-Oil is the country's third-largest oil refiner and its main shareholder is state-owned oil company Saudi Aramco .

S-Oil reported on Tuesday an operating profit of 571 billion won ($496 million) for the second quarter.

Operating income in the second quarter at its oil refining business was 152.5 billion won from revenue of 4.85 trillion won.

That resulted in a profit margin of 3.1%, down from 9% in the first quarter but higher than minus 13.8% in the same period a year ago.

The company said it operated the crude distillation units at its 669,000 barrels-per-day refinery in the southeastern city of Ulsan at 98.8% of capacity on average in the April-June period, up from 94.4% in the first quarter.

Shares of S-Oil were up 3.1% as of morning trade, while the wider market was trading 0.8% higher.

($1 = 1,150.1800 won) (Reporting by Joyce Lee; Editing by Tom Hogue and Christian Schmollinger)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
S-OIL CORPORATION 0.96% 105000 End-of-day quote.51.73%
SAUDI ARABIAN OIL COMPANY 0.14% 34.95 End-of-day quote.-0.14%
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Analyst Recommendations on S-OIL CORPORATION
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Financials
Sales 2021 25 396 B 21,5 B 21,5 B
Net income 2021 1 353 B 1,15 B 1,15 B
Net Debt 2021 4 156 B 3,52 B 3,52 B
P/E ratio 2021 8,79x
Yield 2021 3,24%
Capitalization 12 053 B 10 204 M 10 209 M
EV / Sales 2021 0,64x
EV / Sales 2022 0,59x
Nbr of Employees -
Free-Float 38,3%
Chart S-OIL CORPORATION
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S-Oil Corporation Technical Analysis Chart | A010950 | KR7010950004 | MarketScreener
Technical analysis trends S-OIL CORPORATION
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 105 000,00 KRW
Average target price 122 035,71 KRW
Spread / Average Target 16,2%
EPS Revisions
Managers and Directors
Hussain A. Al-Qahtani Chief Executive Officer
Young-Il Cho Chief Financial Officer & Vice President
Chul-Soo Kim Chairman & Independent Director
Kang-Il Kim Managing Director & Head-Information Technology
Yeong-Jin Lee Managing Director & Head-Chemical Technology
Sector and Competitors
1st jan.Capi. (M$)
S-OIL CORPORATION51.73%10 177
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