S-Oil on Nov. 2 posted a third-quarter operating profit of 1.41 trillion won ($1.05 billion) in its preliminary earnings filing, up 513.7 percent from a year earlier, as Middle East supply disruptions lifted refining margins and lubricant spreads. Revenue rose 42.2 percent to 11.97 trillion won, and net profit reached 1.44 trillion won, up from 63.2 billion won.
Lubricants led with an operating profit of 742.7 billion won, an operating margin of 48.2 percent, ahead of refining at 690.4 billion won. Petrochemicals lost 26.4 billion won. Operating profit for the first nine months of 2026 totaled 3.6 trillion won, against a loss of 136.3 billion won a year earlier.
For the full quarterly results, read our earlier report.
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