StocksMedium•29 October 2026•
1 min read
SK Innovation Reports Record Q3 Operating Profit as Refining Margins Surge
Key Facts
1SK Innovation recorded a record quarterly operating profit of 3.7043 trillion won in the third quarter.
2Company revenue rose 39.7% year-on-year to reach 28.7738 trillion won.
3The company attributed strong profits to improved refining margins caused by supply disruptions in the Middle East and Russia.
SK Innovation recorded a record quarterly operating profit of 3.7043 trillion won in the third quarter of 2026. Chosunbiz reported that the company's revenue rose 39.7% year-on-year to reach 28.7738 trillion won, driven by robust performance in its refining and lubricants businesses.
The company attributed the strong profits to improved refining margins caused by supply disruptions in the Middle East and Russia. Continued strength in base oil spreads within the lubricants division, operated by SK Enmove, further bolstered overall profitability despite ongoing geopolitical instability and price volatility in global energy markets.