Industry Revenues:

• Refinery: 60%
• Petrochemicals: 25%
• Lubricants: 15%

TOP 3 Markets:

• South Korea: 40%
• China: 25%
• Japan: 15%

S-Oil Corporation generates the majority of its revenues from the refinery sector, followed by petrochemicals and lubricants. The domestic market in South Korea is the largest single market, followed by China and Japan. These markets are crucial for the company as they exhibit high demand for refined products and petrochemicals. S-Oil's strong presence in Asia enables it to benefit from the growing industrial demand in these regions.

Main Production Site: Onsan, South Korea

S-Oil Corporation operates its main production facility in Onsan, South Korea. This facility is one of the largest refineries in the country and includes a variety of production capacities, including crude oil refining as well as the production of petrochemical products and lubricants.

The strategic location of the refinery enables S-Oil to efficiently serve both the domestic and international markets. Through continuous investments in technology and infrastructure, the facility remains competitive and environmentally friendly.

Investments in Petrochemistry: $7 billion USD (2025-2027)
Expansion of Refinery Capacities: 10% increase by 2026

S-Oil Corporation is pursuing a growth strategy that heavily focuses on expanding its petrochemical and refinery capacities. The company plans to invest $7 billion USD in expanding its petrochemical facilities in the coming years. These investments aim to increase production capacities and expand the value chain.

Additionally, S-Oil aims to increase its refinery capacities by 10% by 2026. This will be achieved through technological improvements and the expansion of existing facilities. The strategy also includes entering new markets and diversifying the product range to better hedge against market volatilities.

Main raw materials: Crude oil

Main supplying countries: Saudi Arabia, Kuwait, United Arab Emirates

S-Oil Corporation mainly imports crude oil, which serves as the primary raw material for their refinery processes. Saudi Arabia is the most significant supplier, as S-Oil maintains close relationships with Saudi Aramco, one of the world's largest oil producers. In addition, S-Oil sources crude oil from other countries in the Middle East such as Kuwait and the United Arab Emirates to ensure supply security and benefit from competitive prices in this region.

This import strategy enables S-Oil to ensure a stable supply of high-quality crude oil, which is crucial for refinery production and meeting the demand for petrochemical products.

Market Share in South Korea: Approximately 20% (estimated for 2025)
Refining Capacity: 669,000 barrels per day (2023)
R&D Expenditure: 1.2% of revenue (estimated for 2025)

S-Oil Corporation is one of the leading refinery and petrochemical companies in South Korea, holding a significant market share of about 20% in the domestic market. The company's competitive advantage lies in its strong refining capacity of 669,000 barrels per day, enabling efficient production and benefiting from economies of scale.

Another advantage is the strategic partnership with Saudi Aramco, which not only ensures a stable supply of crude oil for S-Oil but also provides access to advanced technology and expertise in the petrochemical sector. This partnership significantly strengthens S-Oil's competitive position.

Additionally, S-Oil continuously invests in research and development, with an estimated 1.2% of revenue allocated to innovative technologies and products. This supports long-term competitiveness and enables the company to adapt to market changes and explore new business opportunities.

Institutional Investor Share: 55% (estimated 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in S-Oil Corporation is estimated to be 55%. This figure reflects the confidence of large institutional investors in the company's long-term stability and growth potential.

In 2024, there were no significant insider buys or sells, indicating that the management and other insiders do not currently expect significant changes in the stock price. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of S-Oil Corporation: Estimated 8% (2025)

Top competitors and their market shares:

1. SK Innovation: 20%
2. GS Caltex: 18%
3. Hyundai Oilbank: 15%
4. S-Oil Corporation: 8%
5. LG Chem: 5%

S-Oil Corporation is one of the leading players in the South Korean oil refining market, but ranks behind SK Innovation, GS Caltex, and Hyundai Oilbank. S-Oil's market share is estimated at 8%, placing them in fourth position in the ranking of the largest companies in this sector.

S-Oil's moat primarily lies in their strategic partnership with Aramco, providing them access to stable crude oil sources and technological know-how. This partnership enables S-Oil to maintain competitive production costs and a reliable supply chain.

Compared to competitors, SK Innovation has a stronger moat due to their vertically integrated business structure and extensive investments in research and development. GS Caltex benefits from a strong brand presence and a diversified product portfolio. Hyundai Oilbank also has a solid moat through strategic alliances and a strong domestic presence.

In summary, while S-Oil has some strategic advantages, it has a less pronounced moat compared to the leading companies in the market. The competition generally has better conditions due to larger market shares and stronger strategic positions.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Return on Capital Employed (ROCE): 14.8% (2024)

S-Oil Corporation recorded solid revenue growth of 8.5% in 2024, driven by strong demand in its main business segments. The profit growth of 10.2% indicates that the company is operating efficiently and managing its costs well.

The return on capital employed (ROCE) of 14.8% shows that S-Oil is able to effectively utilize its investments to generate profits. This is a positive sign for the long-term profitability of the company.

Additionally, S-Oil has invested in new technologies and capacity expansions in recent years, indicating a strategic focus on future growth. These factors could position the company advantageously to benefit from market changes and increasing demand.

Overall, these metrics suggest that S-Oil Corporation could be an attractive investment opportunity, especially for investors interested in a company with stable fundamentals and growth potential.

Dividend yield: 5.2% (2024)
Dividend history: Continuous payout over the last 5 years

S-Oil Corporation has pursued a consistent dividend policy in recent years. The dividend yield of 5.2% in 2024 indicates that the company regularly returns profits to its shareholders.

The reliability of the payout is supported by the stable financial performance of the company and its strong position in the oil industry. S-Oil has been paying dividends continuously over the past five years, indicating a solid financial foundation and a sustainable business model.