1. What Happened at Shell Korea in H1 2025?

Shell Korea achieved impressive results in the first half of 2025, exceeding market expectations with revenue of KRW 180.5 billion, operating profit of KRW 28.9 billion, and net profit of KRW 23.8 billion. This represents a remarkable year-on-year growth of 6% in revenue, 14% in operating profit, and 10% in net profit.

2. What Drove this Strong Performance?

The company’s success can be attributed to the expansion of premium lubricant sales and the strengthening of its eco-friendly product lineup. In particular, the growth of the automotive lubricant segment, featuring high-performance GTL base oil and advanced synthetic oil technology, stood out. Furthermore, price increases and cost optimization efforts contributed to improved profitability.

3. Is the Investment Outlook Positive?

Shell Korea maintains a competitive edge in the premium market, leveraging strong brand recognition, advanced technology, and a stable financial structure. The company is also actively pursuing ESG management enhancement and securing new growth engines such as eco-friendly lubricants and data center coolants. A positive investment outlook can be maintained from a mid-to-long-term perspective.

4. What are the Key Investment Considerations?

  • Global economic uncertainty and exchange rate volatility pose potential risks.
  • The outcome of the ongoing lawsuit regarding soil contamination remediation costs requires close monitoring.
  • Increasing competition and potential price pressure should also be considered.

5. Investor Action Plan

Investment decisions should be made with a full understanding of potential risk factors, while also considering changes in the company’s management strategies, macroeconomic environment shifts, and oil price trends.