MOL Magyar Olaj-es Gazipari RT
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Zsolt Hernádi
- Full Time Employees
- 24,744
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- Dombóvári út 28. Budapest BU Hungary 1117
- IPO Date
- Jan 8, 2008
- Website
- molgroup.info
- Similar Companies
- Business
- MOL Magyar Olaj- és Gázipari Nyilvánosan Működő Részvénytársaság (MOL Group) operates as an integrated international oil and gas company headquartered in Budapest, Hungary, and founded in 1991. The company engages in exploration and production of hydrocarbons across countries including Hungary, Croatia, Pakistan, Kurdistan, Russia, Kazakhstan, Egypt, Romania, and Azerbaijan; refining and petrochemical production at facilities in Central and Eastern Europe yielding fuels, lubricants, additives, base oils, waxes, bitumen, sulfur, petroleum coke, and fuel oil; retail operations through nearly 2,000 service stations under brands such as MOL, Slovnaft, INA, Tifon, Energopetrol, and PapOil in nine countries including Hungary, Slovakia, Croatia, Bosnia-Herzegovina, Czech Republic, Romania, Slovenia, Serbia, and Montenegro; wholesale fuels encompassing gasoline, diesel, heating oil, bunker diesel, aviation fuel, and LPG; gas transmission; power generation; and innovative services like EVO fuels, e-charging solutions, mobility offerings including MOL Limo carsharing, oilfield chemicals, and digital factory solutions. MOL Group maintains market leadership in Hungary, Slovakia, and Croatia, with downstream activities focused on Central and Eastern Europe and upstream operations extending to Southern Europe, the North Sea, Middle East, Africa, Pakistan, Russia, and Kazakhstan, serving consumer, business, and industrial customers globally in over 30 countries with approximately 25,000 employees. Recent developments include an updated SHAPE TOMORROW strategy committing over $4 billion to green investments by 2030 in renewable fuels, green hydrogen, biomethane, geothermal energy, carbon capture and storage, and lithium projects while targeting carbon neutrality by 2050 and maintaining upstream production at 90,000 barrels of oil equivalent per day; strengthened upstream collaboration with subsidiary INA; expansion of consumer services toward 65% non-fuel transaction share by 2025 and $1 billion annual EBITDA by 2030 through network growth and mobility enhancements; and a strategic oil trading agreement with KazMunayGas at the end of 2024 to explore hydrocarbon opportunities.
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