S-OIL was established in 1976 and cultivated management characteristics with a mobility to match the international generation, and a management strategy for its profit-base to grow as a competitive oil-refining company. The company has facilities that produce lube base oil, petro-chemical products, and crude oil refining facilities of 669,000 barrels a day in the Onsan Industrial Complex of Ulsan. Based on the Xylene Center, which is the world's largest PX production facility, and the Bunker-C Cracking Center of worldwide standard, the company is establishing itself as a company that leads in environment protection and consumer protection by producing and supplying high quality petroleum products. Saudi Aramco, the world's greatest petroleum company that led the growth of S-OIL as the largest shareholder from the early 1990s, became the single largest shareholder of S-OIL in 2015. Through this, S-OIL gave high reliability to all shareholders. Also, high accessibility was obtained, as the global resource of Saudi Aramco will become a new opportunity for the growth of S-OIL. S-OIL had promoted the RUC/ODC project to secure a sustainable growth by entering petrochemical downstream business. The RUC/ODC project was successfully completed in 2018 and commenced commercial operation, which will further strengthen the vision of S-OIL as 'To be the most competitive, innovative and trusted energy & chemical company'.
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Global petrochemical expansion resumes, restructuring time running out
S-Oil: Venezuela, Iran oil cuts positive for refining margins
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
 S-OIL CorporationYou | 0 | 0 | 0% | 0 | 32 |
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South Korea's oil price cap raises concerns about compensation for refiners due to complex cost structures and potential exposure of trade secrets.
Naver Pay offers points for gas station payments to ease high oil prices. Up to 5,000 points for new users, 3,000 for existing users on 50,000+ KRW purchases.
S-OIL partners with OBS Gyeongin TV to produce a brain exercise program for the elderly, consisting of 20 episodes of daily activities to prevent dementia and promote brain health.
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