S-Oil (original) (raw)

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South Korean company

S-Oil Corporation
Company type Public
Traded as KRX: 010950
Industry Oil and gas
Founded 6 January 1976; 48 years ago (1976-01-06)
Founder SsangYong GroupNational Iranian Oil Company
Headquarters Seoul, South Korea
Key people Anwar A. Al-Hejazi (CEO)
Revenue Increase US$34.4 billion (2023)
Parent Saudi Aramco (63.45%)
Website s-oil.com

S-Oil Corporation (Korean: 에쓰-오일) is a petroleum and refinery company, headquartered in Seoul, South Korea. It was established in 1976 under its original name Iran-Korea petroleum company (Korean: 한이석유). It produces petroleum, petrochemical, and lubricant products. The company was listed as a Fortune Global 500 company in 2009 (Rank 441).

S-Oil's Onsan Refinery in Ulsan, South Korea has a capacity of some 650,000 barrels per day (103,000 m3/d) in 2016.[1]

Corporate governance

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As of 9 May 2023[update], the Representative Director and CEO is Anwar A. Al-Hejazi.[2]

Saudi Aramco bought a 35% interest in August 1991, and increased it to 65% in 2014.[1] The common stock shares are traded on the Korea Exchange.[3]

  1. ^ a b Al-Naimi, Ali (2016). Out of the Desert. Great Britain: Portfolio Penguin. pp. 168–170. ISBN 9780241279250.
  2. ^ "Former Aramco Asia chief becomes S-Oil CEO", The Korea Times, Seoul, 9 May 2023. Retrieved on 9 May 2023.
  3. ^ "AOC | S-Oil Affiliation". aramcooverseas.com. Retrieved 2016-12-30.