Hyundai Oilbank Revenue, Valuation, Funding & Investors

Hyundai Oilbank is valued at $8.8B as of December 2019, a 0.5x multiple on its last reported $18B revenue.

Last Hyundai Oilbank valuation

$8.8B

Secondary · Dec 2019

Hyundai Oilbank revenue

$18B

Secondary · Dec 2019

Key investors in Hyundai Oilbank

Hyundai Oilbank Overview

About Hyundai Oilbank

Hyundai Oilbank is a Seoul-headquartered petroleum refiner in South Korea. The company operates the Daesan refinery complex, producing gasoline, diesel, jet fuel, lubricants, and petrochemicals like benzene and paraxylene. It supplies fuel to domestic automotive, aviation, and industrial sectors while exporting refined products to Asia and the United States. Hyundai Oilbank invests in clean fuel technologies, including low-sulfur marine fuels and renewable diesel blends.


Founded

1964

HQ

South KoreaCheongju

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$18B (Dec 2019)

Valuation

$8.8B (Dec 2019)

Hyundai Oilbank Valuation

Hyundai Oilbank is currently valued at $8.8B, based on its secondary sale in December 2019.

The $1.2B round was led by Aramco.

Hyundai Oilbank valuation by funding round

Hyundai Oilbank valuation by funding round
DateStageValuationRevenue Multiple
Dec 2019Secondary$8.8B0.5x

Hyundai Oilbank Revenue

Hyundai Oilbank's latest recorded revenue is $18B, as of its secondary sale in December 2019. At a $8.8B valuation, that implies a 0.5x revenue multiple.

Hyundai Oilbank revenue by funding round

Hyundai Oilbank revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2019$18B$8.8B0.5xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Hyundai Oilbank Funding History

Hyundai Oilbank has 1 recorded secondary share sale and no primary funding rounds.

Hyundai Oilbank funding rounds

Hyundai Oilbank funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2019SecondaryAramco (lead)$1.2B$8.8BHyundai Oilbank is a private South Korean oil refining company established in 1964, operating a fully integrated refining plant at the Daesan Complex with a processing capacity of 650,000 barrels per day. Its business portfolio includes oil refining, base oil, petrochemicals, and a network of gas stations across five subsidiaries. Saudi Aramco, through its subsidiary Aramco Overseas Company B.V., completed the acquisition of a 17% stake in Hyundai Oilbank from Hyundai Heavy Industries Holdings on approximately December 17, 2019. The transaction was valued at approximately $1.25 billion, implying a full company valuation of about $7.06 billion. The deal included an option for Saudi Aramco to acquire an additional 2.9% stake. The investment supports Saudi Aramco’s downstream growth strategy by expanding its global footprint in key markets, providing a dedicated outlet for Arabian crude oil in South Korea, and enhancing crude oil placement and trading capabilities in Asia’s complex refining sector.

Who has invested in Hyundai Oilbank?

1 investor has backed Hyundai Oilbank across its funding rounds, including Aramco.

Lead investors include Aramco.


Hyundai Oilbank Investors

Investors in Hyundai Oilbank by funding rounds participated
InvestorHQRoundsRoleFirst check

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Hyundai Oilbank Competitors

Hyundai Oilbank competitors include listed companies like Viper Energy, Antero Midstream, South Bow and Keyera, and private ones like QGC and TANAP.

Public and private companies comparable to Hyundai Oilbank
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Viper EnergyUnited StatesUnited StatesPublicly listed$1.4B$475M$8.3B7.2x
QGCAustraliaBrisbanePrivate--$9.5B-
Antero MidstreamUnited StatesUnited StatesPublicly listed$1.3B$960M$10B10.6x
South BowCanadaCanadaPublicly listed$2B$1B$7.5B6.3x
KeyeraCanadaCanadaPublicly listed$4.9B$814M$11B2.7x
TANAPTurkeyAnkaraPrivate--$4B-

Hyundai Oilbank Public Comps

Hyundai Oilbank is still privately-owned, but its public comps include SM Energy, Motor Oil (Hellas), Brookfield Renewable Partners, Vista Energy, REC, Range Resources, PBF Energy, Kunlun Energy, Viper Energy and Centrica.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SM Energy$3.1B$2.2B4.8x2.4x6.9x3.7x
Motor Oil (Hellas)$13B$1.4B0.7x0.6x7.2x5.0x
Brookfield Renewable Partners$6.4B$4.8B12.0x11.7x16.1x25.7x
Vista Energy$2.5B$2B4.9x3.4x5.9x4.9x
REC$2.3B$2.2B27.3x25.9x28.2x27.7x
Range Resources$3B$1.3B3.4x3.0x7.8x6.3x
PBF Energy$29B$610M0.4x0.3x17.9x3.8x
Kunlun Energy$29B$2.5B0.3x0.3x3.4x3.7x

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Common questions about Hyundai Oilbank

When was Hyundai Oilbank founded?Hyundai Oilbank was founded in 1964.
Where is Hyundai Oilbank headquartered?Hyundai Oilbank is headquartered in Cheongju, South Korea.
Is Hyundai Oilbank publicly listed?No, Hyundai Oilbank is a private, VC-backed company.
What is Hyundai Oilbank's valuation?Hyundai Oilbank was last valued at $8.8B in its secondary sale in December 2019.
Who are Hyundai Oilbank's investors?Hyundai Oilbank's investors include Aramco.
What is Hyundai Oilbank's revenue?Hyundai Oilbank's latest recorded revenue is $18B (December 2019).
What is Hyundai Oilbank's revenue multiple?Hyundai Oilbank's latest valuation implies a 0.5x revenue multiple ($8.8B valuation on $18B of revenue).
Which companies are comparable to Hyundai Oilbank?Companies comparable to Hyundai Oilbank include Viper Energy, QGC, Antero Midstream, South Bow, Keyera and TANAP.

See companies similar to Hyundai Oilbank

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