
(Unit : thousand barrels)
Treatment of Crude Oil : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Crude oil treatment volume |
231,185 |
241,019 |
239,780 |
230,575 |
Difficult to calculate renewable materials used.

(Unit : thousand barrels, KRW in million)
Production : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Fuel products |
Volume |
199,631 |
210,055 |
206,139 |
195,917 |
Amount |
10,862,778 |
14,527,496 |
17,914,773 |
17,799,338 |
Lube products |
Volume |
13,576 |
14,060 |
13,625 |
12,990 |
Amount |
870,560 |
1,140,721 |
1,387,078 |
1,255,515 |
Petrochemical products |
Volume |
21,298 |
20,726 |
22,778 |
26,211 |
Amount |
2,321,020 |
2,681,459 |
3,443,818 |
3,350,265 |
Total |
Volume |
234,505 |
244,841 |
242,542 |
235,118 |
Amount |
14,054,358 |
18,349,676 |
22,745,669 |
22,405,118 |

(Unit : KRW in million)
Profit Improvement : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Profit Improvement |
190,499 |
204,972 |
113,781 |
66,234 |

(Unit : cases, persons)
Employee Suggestion Program : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
No. of suggestions received |
2,816 |
2,496 |
1,323 |
1,921 |
No. of participants |
954 |
782 |
587 |
598 |

(Unit : KRW in million)
Summarized Financial Positions : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Current assets |
7,973,051 |
6,769,402 |
5,850,562 |
5,623,541 |
Non-current assets |
5,977,625 |
8,308,161 |
10,230,950 |
10,831,892 |
Total assets |
13,950,676 |
15,077,563 |
16,081,512 |
16,455,433 |
Current liabilities |
4,832,781 |
4,543,391 |
5,790,228 |
5,758,293 |
Non-current liabilities |
2,732,648 |
3,695,073 |
3,829,695 |
4,211,020 |
Total liabilities |
7,565,429 |
8,238,464 |
9,619,923 |
9,969,313 |
Capital stock |
291,512 |
291,512 |
291,512 |
291,512 |
Capital surplus |
379,190 |
379,190 |
379,190 |
379,190 |
Reserves |
977,313 |
975,772 |
977,438 |
979,709 |
Treasury stocks |
(1,876) |
(1,876) |
(1,876) |
(1,876) |
Retained earnings |
4,739,108 |
5,194,501 |
4,815,325 |
4,837,585 |
Total equity |
6,385,247 |
6,839,099 |
6,461,589 |
6,486,120 |
Total liabilities and equity |
13,950,676 |
15,077,563 |
16,081,512 |
16,455,433 |
Based on separate financial statements prepared in accordance with K-IFRS.

(Unit : KRW in million)
Summarized Income Statement : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Revenue |
16,321,843 |
20,891,340 |
25,463,122 |
24,393,980 |
Cost of sales |
(14,020,892) |
(18,783,141) |
(24,210,490) |
(23,360,274) |
Gross profit |
2,300,951 |
2,108,199 |
1,252,632 |
1,033,706 |
Selling expenses |
(576,645) |
(620,744) |
(510,557) |
(507,461) |
Administrative expenses |
(107,417) |
(112,806) |
(105,227) |
(106,195) |
Operating profit |
1,616,889 |
1,374,649 |
636,848 |
420,050 |
Financial income |
184,999 |
330,250 |
116,579 |
163,317 |
Financial expenses |
(244,830) |
(126,834) |
(242,037) |
(410,076) |
Other income |
495,344 |
383,189 |
264,896 |
373,971 |
Other expenses |
(475,037) |
(313,094) |
(452,897) |
(441,021) |
Profit before income tax |
1,577,365 |
1,648,160 |
323,389 |
106,241 |
Corporate tax expense |
(370,282) |
(399,004) |
(69,612) |
(43,639) |
Net profit |
1,207,083 |
1,249,156 |
253,777 |
62,602 |
Other comprehensive income |
5,926 |
8,095 |
(14,162) |
(8,870) |
Total comprehensive income |
1,213,009 |
1,257,251 |
239,615 |
53,732 |
- Based on separate financial statements prepared in accordance with K-IFRS.

(Unit : %, multiples)
Key Financial Indicators : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Stability |
Current ratio |
165.0 |
149.0 |
101.0 |
97.7 |
Total liabilities to equity |
118.5 |
120.5 |
148.9 |
153.7 |
Borrowings to total assets |
73.8 |
70.8 |
98.0 |
98.4 |
Times interest earned |
28.7 |
23.6 |
8.3 |
2.2 |
Profitability |
Operating profit to sales |
9.9 |
6.6 |
2.5 |
1.7 |
Net profit to sales |
7.4 |
6.0 |
1.0 |
0.3 |
Return on equity |
18.9 |
18.3 |
3.9 |
1.0 |
Growth & Activity |
Sales growth |
(8.8) |
28.0 |
21.9 |
(4.2) |
Operating profit growth |
97.8 |
(15.0) |
(53.7) |
(34.0) |
Net profit growth |
92.2 |
3.5 |
(79.7) |
(75.3) |
Total asset growth |
29.4 |
8.1 |
6.7 |
2.3 |
Based on separate financial statements prepared in accordance with K-IFRS.

Credit Ratings : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Overseas Credit Ratings |
Moody's |
Baa2 |
Baa2 |
Baa2 |
Baa2 |
S&P |
BBB |
BBB |
BBB |
BBB |
Domestic Credit Ratings |
Korea Ratings |
AA+ |
AA+ |
AA+ |
AA+ |
NICE Investors Service |
AA+ |
AA+ |
AA+ |
AA+ |
Korea Investors Service |
AA+ |
AA+ |
AA+ |
AA+ |

(Unit : KRW in million)
Tax, Revenue, and Operating Profit by Nations : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Domestic |
Revenue |
16,321,843 |
20,891,374 |
25,463,295 |
24,394,173 |
Operating profit |
1,616,889 |
1,373,265 |
639,460 |
420,077 |
Corporate tax expense |
369,732 |
398,380 |
73,754 |
44,922 |
Tax paid by cash |
375,508 |
363,199 |
52,153 |
0 |
Overseas |
Revenue |
0 |
0 |
0 |
0 |
Operating profit |
0 |
0 |
0 |
0 |
Corporate tax expense |
0 |
0 |
0 |
0 |
Tax paid by cash |
0 |
0 |
0 |
0 |
Based on consolidated financial statements prepared in accordance with K-IFRS.

(Unit : KRW, %)
Dividend Payments : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Total dividends paid (KRW in million) |
721,904 |
686,978 |
87,411 |
23,380 |
Cash dividend payout ratio |
59.8 |
55.0 |
34.4 |
37.3 |
Cash dividends per share |
Common |
6,200 |
5,900 |
750 |
200 |
Preferred |
6,225 |
5,925 |
775 |
225 |
Cash dividend yield |
Common |
7.3 |
4.7 |
0.7 |
0.2 |
Preferred |
10.9 |
5.7 |
1.0 |
0.4 |
Based on separate financial statements prepared in accordance with K-IFRS.

(Unit : KRW in million)
Economic Value Created : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Revenue |
16,321,843 |
20,891,340 |
25,463,122 |
24,393,980 |
Cost of sales |
(13,921,262) |
(18,566,739) |
(23,956,318) |
(22,918,982) |
Other income |
680,343 |
713,439 |
381,475 |
537,288 |
Other expenses |
(640,774) |
(367,534) |
(598,468) |
(644,395) |
Depreciation cost |
(286,746) |
(293,588) |
(350,482) |
(565,414) |
Economic value created |
2,153,404 |
2,376,918 |
939,329 |
802,477 |
Based on separate financial statements prepared in accordance with K-IFRS.

(Unit : KRW in million)
Economic Value Distributed : Stakeholder, Item, 2015, 2016, 2017, 2018 Table.
Stakeholder |
Item |
2016 |
2017 |
2018 |
2019 |
Employees |
Salary & pension |
478,906 |
637,569 |
499,419 |
467,820 |
Government |
Tax & dues |
388,322 |
417,799 |
89,667 |
65,353 |
Local communities |
Social contribution expenditure |
22,787 |
14,140 |
19,455 |
19,346 |
Creditors |
Interest costs |
56,306 |
58,254 |
77,011 |
187,356 |
Shareholders & company |
Dividend & reserves |
1,207,083 |
1,249,156 |
253,777 |
62,602 |
Economic value distributed |
2,153,404 |
2,376,918 |
939,329 |
802,477 |
- Based on separate financial statements prepared in accordance with K-IFRS.
- Social contribution expenditure included only donations on the financial statements.

(Unit : cases)
Violation of Disclosure Regulations : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
No. of violations |
0 |
0 |
0 |
0 |

(Unit : KRW in million)
Procurement of Crude Oil : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Crude oil |
10,350,775 |
13,714,906 |
17,428,059 |
14,040,070 |

(Unit : KRW in million)
Procurement by Item : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Total |
3,013,515 |
1,167,443 |
842,921 |
863,888 |
Construction & maintenance |
1,320,550 |
626,124 |
388,006 |
178,231 |
General service |
137,137 |
47,915 |
79,304 |
290,787 |
Materials |
1,555,828 |
493,404 |
375,610 |
394,870 |
- Excluding crude oil & products.

(Unit : KRW in million, suppliers)
Procurement by Region : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Amount |
Korea |
2,709,144 |
954,859 |
608,958 |
603,173 |
Asia |
123,967 |
54,053 |
81,785 |
23,035 |
Middle East |
144 |
100 |
207 |
0 |
Europe |
101,477 |
99,596 |
57,690 |
26,134 |
Americas |
74,123 |
58,734 |
94,233 |
211,546 |
Others |
4,661 |
100 |
47 |
0 |
No. of Suppliers |
Korea |
1,279 |
1,181 |
1,110 |
1,060 |
Asia |
65 |
75 |
46 |
19 |
Middle East |
4 |
2 |
2 |
0 |
Europe |
56 |
41 |
41 |
25 |
Americas |
50 |
46 |
36 |
62 |
Others |
4 |
2 |
1 |
0 |
Total |
1,458 |
1,347 |
1,236 |
1,166 |
Excluded crude oil & products.

(Unit : %)
Regular Risk Evaluation on Suppliers : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Regular evaluation rate (including sustainability risk) |
100 |
100 |
100 |
100 |

(Unit : points)
Suppliers Satisfaction Survey : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Satisfaction score |
9.39 |
9.37 |
9.41 |
9.46 |

(Unit : %)
ESG Training for Procurement-related Teams : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Participation rate |
100 |
100 |
100 |
100 |

(Unit : KRW in million)
Environmental Performance : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Environmental investments |
16,148 |
15,640 |
20,206 |
17,371 |
Environmental operating costs |
151,499 |
159,748 |
172,531 |
230,471 |
Environmental benefits |
64,373 |
37,808 |
58,783 |
60,984 |

(Unit : KRW in million)
Environmental Investments : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Air quality, malodor, HAPs |
7,193 |
8,094 |
14,496 |
4,967 |
Water quality |
1,045 |
2,053 |
1,206 |
2,194 |
Support for energy saving technology |
1,386 |
5,276 |
136 |
8,513 |
Soil, hazardous chemicals, waste, & others |
6,524 |
217 |
4,368 |
1,697 |
Total |
16,148 |
15,640 |
20,206 |
17,371 |
- Major investments made in 2019
-
- Air quality, malodor, HAPs
- Heater improvement for NOx emission reduction, odor removal facilities improvement, etc.
- Water quality, marine
- Blowdown System improvement, water quality TMS improvement, etc.
- Support for energy saving technology
- Facilities improvement for reduction of vent steam and recovery of waste heat, etc.
- Others
- Replacement of obsolete Hume pipes for preventing soil pollution, etc.

Air Pollutant Emissions Intensity at Onsan Refinery : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
Legal standards |
2016 |
2017 |
2018 |
2019 |
SOx |
120 ppm |
86.9 |
82.0 |
29.6 |
4.5 |
NOx |
130 ppm |
82.6 |
84.8 |
72.3 |
52.7 |
Dust |
15 mg/S㎥ |
2.9 |
2.9 |
2.0 |
0.0 |
- Legal standards are the standard on heaters, which have the largest share among S-OIL's facilities.
- Simple average of emissions intensity from heaters and boilers where TMS is installed.

(Unit : tons)
Air Pollutant Emissions Volume at Onsan Refinery : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Total |
8,547 |
7,601 |
5,263 |
3,499 |
SOx |
4,959 |
3,817 |
1,655 |
425 |
NOx |
3,518 |
3,705 |
3,548 |
3,040 |
Dust |
71 |
79 |
60 |
34 |
- Total volume of emissions from outlets where TMS is installed.

(Unit : %)
HAPs Leak Rate at Onsan Refinery : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
HAPs leak rate |
0.13 |
0.08 |
0.06 |
0.03 |

Water Pollutant Emissions Intensity at Onsan Refinery : Classification, Legal standards, 2015, 2016, 2017, 2018 Table.
Classification |
Legal standards |
2016 |
2017 |
2018 |
2019 |
BOD |
10 ppm |
3.8 |
2.6 |
3.1 |
3.0 |
COD |
40 ppm |
8.0 |
8.5 |
7.4 |
6.9 |
SS |
10 ppm |
2.6 |
2.3 |
2.2 |
1.6 |
- BOD
- Simple average of emissions concentration analyzed by the Refinery
- COD, SS
- Simple average of emissions concentration from outlets where TMS is installed

(Unit : thousand tons)
Water Consumption, Recycling, & Wastewater Volume at Onsan Refinery : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Water consumed |
Municipal water supplies |
21,268 |
21,409 |
27,497 |
29,048 |
Fresh surface water |
0 |
0 |
0 |
0 |
Fresh ground water |
0 |
0 |
0 |
0 |
Total |
21,268 |
21,409 |
27,497 |
29,048 |
Water recycled |
1,887 (8.9%) |
2,396 (11.2%) |
2,450 (8.9%) |
2,410 (9.8%) |
Wastewater generated |
9,584 |
9,161 |
12,143 |
13,733 |

(Unit : tons)
Waste Generation & Recycling at Onsan Refinery : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Generation |
Designated waste |
8,859 |
8,818 |
8,613 |
13,490 |
General waste |
17,515 |
16,732 |
25,198 |
36,645 |
Total |
26,374 |
25,550 |
33,811 |
50,135 |
Recycling |
Designated waste |
6,166 |
6,998 |
6,410 |
11,267 |
General waste |
8,564 |
9,596 |
17,641 |
28,871 |
Total |
14,730 |
16,594 |
24,051 |
40,138 |

(Unit : tons)
Emissions of Hazardous Chemical Substances : Classification, 2015, 2016, 2017, 2018 Table.
Classification |
2015 |
2016 |
2017 |
2018 |
8head>
S-OIL |
116 |
86 |
88 |
- |
Average of domestic competitors |
222 |
204 |
165 |
- |
Data for 2018 is not announced by the Ministry of Environment.

(Unit : cases)
Oil Spill : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
No. of oil spill accidents (leakage to the outside of factory) |
0 |
0 |
0 |
0 |

(Unit : cases, KRW in million)
VViolation of Environmental Laws : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Fine or over |
No. of violations |
0 |
0 |
0 |
0 |
Amount |
0 |
0 |
0 |
0 |
Penalty (Over $10,000) |
No. of violations |
0 |
0 |
0 |
0 |
Amount |
0 |
0 |
0 |
0 |

- Oil Storage Facility Construction Project
- PDF Download

(Unit : thousand ton CO2eq)
GHG Emissions : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Scope I |
6,537 |
6,550 |
7,150 |
7,292 |
Scope II |
1,072 |
1,103 |
1,554 |
1,859 |
Total |
7,609 (7,641) |
7,653 (7,710) |
8,704 (8,823) |
9,150 (9,603) |
Excluding RUC/ODC |
- |
- |
7,512 |
7,093 |
Scope III |
28 |
30 |
28 |
31 |
- Figures in parenthesis mean emissions that include additional items in accordance with the amendment of the Target Management Scheme in 2014. Gaseous waste was included in 2017.
- Scope III includes only vehicles in the downstream business.

Detailed GHG Emissions : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
CO2 (thousand tons) |
7,596 |
7,642 |
8,694 |
9,142 |
CH4 (tons) |
156 |
142 |
122 |
110 |
N2O (tons) |
31 |
28 |
23 |
20 |

(Unit : thousand ton CO2eq)
Detailed GHG Emissions : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
CO2 |
7,596 |
7,642 |
8,694 |
9,142 |
CH4 |
3 |
3 |
3 |
2 |
N2O |
10 |
9 |
7 |
6 |
Total |
7,609 |
7,653 |
8,704 |
9,150 |
It is CO2 converted volume considering the Global Warming Potential (GWP) presented by IPCC Guideline in 2006. (GWP : CO2=1, CH4=21, N2O=310)

(Unit : TJ)
Energy Consumption : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Scope I |
85,422 |
76,577 |
86,484 |
90,323 |
Scope II |
23,024 |
23,591 |
33,132 |
39,178 |
Total |
108,445 |
100,167 |
119,616 |
129,501 |
Scope III |
378 |
400 |
377 |
405 |

(Unit : TJ)
Detailed Energy Consumption : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Fossil fuels |
85,422 |
76,577 |
86,484 |
90,323 |
Electricity |
21,419 |
21,926 |
31,037 |
37,431 |
Steam / heating / cooling and other energy |
1,604 |
1,664 |
2,095 |
1,748 |
Total renewable energy |
0.108 |
0.108 |
0.108 |
0.108 |

(Unit : KRW in million)
Energy Cost : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Energy cost |
973,994 |
1,133,442 |
1,374,753 |
1,455,932 |

(Unit : TJ)
Sales of Energy : Classification, 2015, 2016. 2017, 2018 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Steam |
1,356 |
3,016 |
3,073 |
2,675 |

(Unit : KRW in million)
Performance in Social Contribution Activities : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
Total |
6,652 |
6,147 |
6,917 |
6,951 |
For Local Community |
1,517 |
2,006 |
2,044 |
2,092 |
For the Environment |
290 |
250 |
250 |
250 |
For Needy People |
3,145 |
2,260 |
2,933 |
2,819 |
For Heroes |
534 |
1,060 |
1,240 |
1,140 |
Others (S-OIL Science Prodigy & Culture Foundation, etc.) |
1,166 |
571 |
450 |
650 |
The above performance includes donation as charity and local community contribution activities only. When social contribution activities for band identity enhancement and marketing purposes, community service hours of employees, and management cost are considered, the performance of 2019 amounts to KRW 12,009 million (cash KRW 4,145 million, non-cash asset KRW 6,847 million, community service hours KRW 667 million, management/labor cost KRW 350 million).

(Unit : cases, KRW in million)
Green Purchasing : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
No. of products |
128 |
31 |
59 |
38 |
Amount of purchasing |
16,158 |
15,650 |
32,541 |
15,539 |

(Unit : persons, hours, KRW in million)
Sunshine Sharing Campaign : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
S-OIL Public Service Corps |
No. of participants |
2,129 |
2,321 |
2,047 |
1,863 |
Participation hours |
24,154 |
24,593 |
22,264 |
18,686 |
Wage tail-cut contribution |
No. of participants |
1,769 |
1,889 |
1,871 |
1,845 |
Amount of supports |
104 |
170 |
180 |
145 |
1 employee & 1 donation account |
No. of participants |
1,385 |
1,495 |
1,477 |
1,444 |
Amount of supports |
58 |
58 |
58 |
60 |

(Unit : times, persons)
Culture & Art Sharing Campaign : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
No. of events |
12 |
12 |
12 |
12 |
No. of participants |
3,330 |
3,230 |
3,340 |
3,450 |

(Unit : persons)
Employment in Ulsan : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
New employees graduated universities in Ulsan |
87 (29.7%) |
68 (28.2%) |
2 (12.5%) |
1 (4.0%) |

(Unit : cases, KRW in million)
Local Purchasing in Ulsan : Classification, 2016, 2017, 2018, 2019 Table.
Classification |
2016 |
2017 |
2018 |
2019 |
No. of purchasing in Ulsan |
5,090 (55.1%) |
5,085 (52.8%) |
6,168 (60.1%) |
5,718 (57.7%) |
Amounts of purchasing in Ulsan |
General |
172,746 |
196,552 |
194,186 |
187,431 |
RUC/ODC |
640,158 |
202,386 |
0 |
0 |
Total |
812,904 (27.0%) |
398,938 (34.2%) |
194,186 (23.0%) |
187,431 (21.7%) |
Excluding crude oil & products.