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SK Innovation Says Its EV Battery Business Revenue To Be Around 10% Lower Than Its Earlier Target Of 2 Trln Won This Year
SK Innovation Says To Pay Year-End Dividend Of 1,400 Won Per Common Share
Murphy Oil signs production sharing contract with PetroVietnam, partners
SK Innovation Co., Ltd. is a Korea-based company principally engaged in the manufacture and distribution of petroleum products. Along with its subsidiaries, the Company operates its business through five segments. The Petroleum segment is engaged in the manufacture and sales of petroleum products including lead-free gasoline, kerosene, diesel and others. The Chemical segment mainly manufactures and sells of basic emulsifying agents including ethylene, poly propylene, styrene monomer, and chemical materials including synthetic resins, and others. The Lubricant segment is mainly engaged in the manufacture of lubricant products. The Petroleum Development and Other segment is engaged in the development, production and sale of crude oil and natural gas. The Battery segment manufactures and sells lithium batteries and medium and large batteries, among others.
Oil & Gas Operations
SK Bldg., 26, Jong-ro, Jongno-gu
Jong Hun Kim
Independent Chairman of the Board
Tae Won Choi
President, Chief Executive Officer, Director
Myoung Young Lee
Jeong Joon Yu
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SK Innovation <096770.KS>, owner of South Korea's top refiner SK Energy, said on Wednesday that refining margins will come under pressure because of a fuel demand slump and a glut of refined products caused by the coronavirus pandemic.
South Korea's SK Innovation Co Ltd, a supplier for Volkswagen <VOWG_p.DE> and Ford Motors, will spend $727 million to build its second electric vehicle (EV) battery plant in the United States, the company said on Tuesday.
South Korea's SK Innovation Co Ltd said on Tuesday that its U.S. unit will spend $727 million to build its second electric vehicle (EV) battery plant in the United States to stably supply batteries to automakers.
A U.S. trade panel preliminarily ruled in favor of South Korean electric vehicle (EV) battery maker LG Chem <051910.KS> which had accused crosstown rival SK Innovation <096770.KS> of misappropriating trade secrets, the companies said on Sunday.
A U.S. trade panel ruled on an interim basis in favour of South Korean electric vehicle (EV) battery maker LG Chem which had accused crosstown rival SK Innovation of misappropriating trade secrets, LG Chem said on Sunday.
* Demand for diesel, cleaner shipping fuels to support margins
South Korea's SK Innovation Co Ltd plans to build a second electric vehicle (EV) battery plant in the United States and is considering expanding another factory in Hungary to meet soaring demand for EV cells, its chief executive told Reuters.
South Korea's SK Innovation plans to build a second electric vehicle battery factory in the United States and is considering an expansion of an electric vehicle battery plant in Hungary, the company's chief executive told Reuters.
Hyundai Motor <005380.KS> and affiliate Kia Motors <000270.KS> have decided to secure electric vehicle batteries from SK Innovation <096770.KS> for the next four to five years, Maeil Business Newspaper said on Friday, citing industry sources.
South Korean battery maker SK Innovation <096770.KS> on Monday said it would supply battery cells to a Chinese-made plug-in hybrid vehicle model that has been recommended for subsidies from Beijing.
South Korean battery maker SK Innovation has signed a six-year deal to buy up to 30,000 tonnes of cobalt from miner Glencore, allowing it produce batteries for 3 million electric vehicles.
Battery materials developer Australian Mines Ltd said on Friday a cobalt and nickel supply agreement with South Korean battery maker SK Innovation has been terminated.
* Expects higher demand for low sulphur fuel and marine gas oil
A feud between two South Korean battery makers escalated on Friday as SK Innovation Co Ltd said it plans to sue bigger rival LG Chem Ltd in the United States over alleged patent infringement related to electric vehicles (EV).
South Korean battery maker SK Innovation Co Ltd on Friday said it plans to sue compatriot LG Chem Ltd and its U.S. subsidiary in the United States over alleged patent infringement related to electric vehicle (EV) batteries.
Battery materials developer Australian Mines Ltd said on Tuesday it signed an off-take agreement to supply battery-grade cobalt and nickel sulphate to South Korea's SK Innovation.
* Q2 operating profit 498 bln won, down 42% y/y (Adds comments, details)
South Korea's SK Innovation said on Wednesday that it plans to invest 579.9 billion won ($488.30 million) to build its second China factory for electric vehicle batteries, in a bet that China will open up its market to Korean battery makers.
Electric vehicle (EV) battery maker LG Chem said it has sued its South Korean peer SK Innovation in the United States for alleged theft of trade secrets.
South Korean oil buyers are expected to restart Iranian oil imports in late January or early February, the head of South Korea's SK Innovation, which owns South Korea's biggest oil refiner SK Energy, said on Wednesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.