S-Oil Set to Post 1Q Earnings Beat on Tighter Supply -- Market Talk

Dow Jones04-13

0020 GMT - S-Oil is set to post a 1Q earnings beat on tighter supply of crude and petroleum products amid Middle East tensions, Samsung Securities' Cho Hyun-ryul and Kim Won-young say. The Saudi Aramco-controlled South Korean refiner likely benefited from a surge in inventory value and wider refining margins for the January-March period, the analysts write in a note. They estimate S-Oil's 1Q operating profit at 1.18 trillion won, well above the FnGuide-compiled consensus forecast of 579.90 billion won. The company's oil-refining unit likely led quarterly earnings, with margins expected to have widened to $23.3 a barrel in 1Q from $17.1 in the prior quarter. (kwanwoo.jun@wsj.com)

 

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April 12, 2026 20:20 ET (00:20 GMT)

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