S-OIL and Heung-A Shipping surge amid market-wide selloff as Iran's threat to blockade Strait of Hormuz - a passage for 20% of global crude oil - drives expectations of soaring oil prices and freight rates, with refiners benefiting from inventory gains and tanker operators from premium rate increases.
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[Market Circuit Breaker] Hormuz Strait Blockade Fears Fuel Rally in S-OIL, Heung-A Shipping
S-OIL and Heung-A Shipping surge amid market-wide selloff as Iran's threat to blockade Strait of Hormuz - a passage for 20% of global crude oil - drives expectations of soaring oil prices and freight rates, with refiners benefiting from inventory gains and tanker operators from premium rate increases.
S-Oil Enters Earnings Recovery Phase—Credit Outlook Turns Positive
S-Oil Corp. posted a sharp rebound in Q4 earnings, prompting a credit rating upgrade as improved refining and petrochemical margins signal a positive outlook for 2024.
GS Group reported a fourth-quarter operating profit of 767.2 billion won ($576 million), surpassing market expectations on improved refining margins, while full-year earnings declined slightly amid continued weakness in petrochemicals and power generation.
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GS Posts Q4 Operating Profit of 767.2 Billion Won, Beating Estimates on Improved Refining Margins (Comprehensive)
GS Group reported a fourth-quarter operating profit of 767.2 billion won ($576 million), surpassing market expectations on improved refining margins, while full-year earnings declined slightly amid continued weakness in petrochemicals and power generation.
S-Oil Corp. is nearing completion of its major Shaheen Project but will maintain a 20% dividend payout ratio amid high capital expenditures, with future dividend hikes hinging on earnings growth and market recovery.
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S-Oil Nears Completion of Shaheen Project—Is a Dividend Hike on the Horizon?
S-Oil Corp. is nearing completion of its major Shaheen Project but will maintain a 20% dividend payout ratio amid high capital expenditures, with future dividend hikes hinging on earnings growth and market recovery.
On Refining Margin Recovery – S-Oil’s Q4 Earnings Expected to Double
S-Oil Corp. is expected to nearly double its Q4 operating profit year-on-year, driven by a sharp recovery in refining margins, despite weaker oil prices and inventory valuation losses.
Valero Energy shares surged over 10% as analysts highlighted the company as the biggest beneficiary of US airstrikes on Venezuela, citing its Gulf Coast refining capacity and ability to process Venezuelan crude.
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'Valero Energy Emerges as Biggest Beneficiary of US Airstrikes on Venezuela'—Shares Surge Over 10%
Valero Energy shares surged over 10% as analysts highlighted the company as the biggest beneficiary of US airstrikes on Venezuela, citing its Gulf Coast refining capacity and ability to process Venezuelan crude.
GS Posts Q3 Operating Profit of 870.6 Billion Won, Up 37.8%—'Refining Margins Improve' (Comprehensive)
GS Co. beat market expectations in Q3 with a 37.8% jump in operating profit to 870.6 billion won, driven by improved refining margins and stable oil prices.
S-Oil Corp. returned to operating profit in Q3 2025, beating market forecasts as improved refining margins and lubricant spreads offset prior losses, with the Shaheen Project nearing completion.
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S-Oil Swings to Operating Profit in Q3, Beats Estimates—Refining Margins Improve
S-Oil Corp. returned to operating profit in Q3 2025, beating market forecasts as improved refining margins and lubricant spreads offset prior losses, with the Shaheen Project nearing completion.
SK Innovation Shares Surge on Growing Hopes for Earnings Recovery
SK Innovation is set to return to profit in Q3, driven by a rebound in its petroleum business and improved refining margins, sending shares up over 34% this month.
S-Oil has begun supplying pilot products from its Shaheen Project to clients in July, with project completion targeted for next year and commercial operations set for 2027, while the company expects improved refining margins and sees limited direct impact from US tariffs.
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S-Oil Begins Supplying Shaheen Project Pilot Products to Clients from July
S-Oil has begun supplying pilot products from its Shaheen Project to clients in July, with project completion targeted for next year and commercial operations set for 2027, while the company expects improved refining margins and sees limited direct impact from US tariffs.
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