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SK Innovation's profit surges sixfold on strong oil, lubricants margins

Published . Updated .

SK Innovation's profit surges sixfold on strong oil, lubricants margins

SK Innovation posted record operating profit in the third quarter, fueled by soaring refining margins amid Middle East tensions and an unprecedented earnings su

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+13.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings+13.4% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+15.7% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+8.3% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • BP BP p.l.c+5.4% 15d

    BP p.l.c (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-2.52%-0.26%base+0.32%+1.30%after closeafter close
XLE-1.29%+1.72%base+0.37%+2.25%after closeafter close
CRAKNo price data for this ticker———————
BWETNo price data for this ticker———————
XOM-2.14%+1.35%base+0.18%+2.84%after closeafter close
CVX-1.18%+1.19%base+0.93%+2.77%after closeafter close
COP-2.27%+1.58%base+0.21%+3.35%after closeafter close
BPNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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SK Innovation's profit surges sixfold on strong oil, lubricants margins The Korea Herald

Source: The Korea Herald

Middle East

CompanyWhenMoveStatus
COPthat day+0.21%final price
COPthe next day+3.35%final price
COPthree days earlier+1.58%final price
COPfive days earlier-2.27%final price
CVXthat day+0.93%final price
CVXthe next day+2.77%final price
CVXthree days earlier+1.19%final price
CVXfive days earlier-1.18%final price
USOthat day+0.32%final price
USOthe next day+1.30%final price
USOthree days earlier-0.26%final price
USOfive days earlier-2.52%final price
XLEthat day+0.37%final price
XLEthe next day+2.25%final price
XLEthree days earlier+1.72%final price
XLEfive days earlier-1.29%final price
XOMthat day+0.18%final price
XOMthe next day+2.84%final price
XOMthree days earlier+1.35%final price
XOMfive days earlier-2.14%final price

Trades by members of Congress and officials in the stocks in this story

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Middle East on the map for this story

Middle East

Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “SK Innovation's profit surges sixfold on strong oil, lubricants margins” is tagged to Middle East.

How solid the energy case looks

12 out of 100

“SK Innovation's profit surges sixfold on strong oil, lubricants margins” scores 12 out of 100. The score uses 1 sources.