Scorpio Tankers Inc.

Scorpio Tankers Inc. is a global provider of seaborne transportation services for crude oil and refined petroleum products. The company operates a fleet of wholly owned tankers that transport these commodities across international waters. As of March 19, 2026, its fleet consisted of 90 tankers, including 34 LR2 vessels, 42 MR vessels, and 14 Handymax vessels. These tankers are designed to carry various types of oil and petroleum products, serving customers in the energy sector. The company's operations are essential to the global supply chain for oil and refined products, connecting producers with refineries and end-users worldwide.

Scorpio Tankers Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol STNG. The company's financial reporting and trading are conducted in US Dollars (USD). Being listed on the NYSE provides the company with access to a broad base of international investors and liquidity in one of the world's largest stock exchanges. The use of USD aligns with the global nature of the oil and petroleum shipping industry, where transactions are typically denominated in US dollars.

Scorpio Tankers Inc. operates in the Energy sector, specifically within the Oil & Gas Midstream industry. The midstream segment involves the transportation, storage, and wholesale marketing of crude oil, natural gas, and refined products. In Scorpio Tankers' case, the company focuses on the seaborne transportation of crude oil and refined petroleum products. This places it as a key link between upstream producers and downstream refineries or end-users. The midstream industry is critical for moving energy commodities efficiently and safely across global markets.

Scorpio Tankers Inc. is headquartered in Monaco, a sovereign city-state on the French Riviera. The company was incorporated in 2009, making it a relatively established player in the tanker shipping industry. While its headquarters are in Monaco, the company operates globally, providing seaborne transportation services for crude oil and refined petroleum products. The choice of Monaco as a base is common among shipping companies due to its favorable business environment and strategic location near major European shipping routes.

Scorpio Tankers Inc. generates revenue by providing seaborne transportation services for crude oil and refined petroleum products. The company owns and operates a fleet of 90 tankers as of March 19, 2026, which includes 34 LR2, 42 MR, and 14 Handymax vessels. These tankers are chartered out to customers such as oil majors, trading companies, and refiners under time charters, voyage charters, or through the spot market. Revenue is primarily driven by charter rates, which fluctuate based on global supply and demand for tanker capacity, as well as factors like oil prices, trade routes, and geopolitical events. The company's earnings are closely tied to the health of the global oil and shipping markets.