Polskie Górnictwo Naftowe i Gazownictwo S.A.
POGWY
Other OTC10.25
USD
- -
- -
Return %
Stock
S&P500
1Y
-14.80
26.57
3Y
-14.80
76.60
5Y
-14.80
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Full Time Employees
- 24,333
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- ul. Marcina Kasprzaka 25 Warsaw Poland 01-224
- IPO Date
- Apr 24, 2020
- Website
- pgnig.pl
- Similar Companies
- Business
- Polskie Górnictwo Naftowe i Gazownictwo S.A. (PGNiG) Polskie Górnictwo Naftowe i Gazownictwo S.A., operating as a central division of Orlen S.A. PKN Orlen S.A. following their 2022 merger, engages in the exploration, production, import, storage, trading, distribution, and sale of natural gas and crude oil; it also produces heat, electricity, and related services including liquefied natural gas (LNG) trading, geophysical research, and drilling. The company maintains core upstream operations through branches in Zielona Góra and Sanok for domestic gas and oil extraction from approximately 190 fields using around 2,000 wells, primarily in Podkarpacie and the Polish Lowlands, yielding about 3.8 billion cubic meters of natural gas annually in Poland alongside 1.2 million tons of oil and condensates; internationally, PGNiG Upstream Norway extracts gas and oil from fields like Skarv, Gina Krog, and Ærfugl on the Norwegian Continental Shelf, with additional activities in Pakistan's Kirthar concession (Rehman and Rizq tight-gas fields) and exploration in the UAE's Ras al-Khaimah emirate. Downstream, it wholesales natural gas, LNG, crude oil, electricity, CO2 allowances, and property rights via its Wholesale Trading Branch, distributes gaseous fuels through subsidiaries like Polska Spółka Gazownictwa, and supplies around 7 million customers including households, combined heat and power plants, steel mills, refineries, and nitrogen plants; PGNiG Termika provides heat and power generation. Founded in 1982 and headquartered at 25 Marcina Kasprzaka Street in Warsaw, Poland, the company operates primarily in Poland (85.5% of net sales) with international presence in Norway, Pakistan, UAE, Ukraine, Lithuania, and Europe through trading arms like PGNiG Supply & Trading GmbH in Munich and a London LNG office. Recent developments include the November 2022 completion of its acquisition by Orlen S.A., enhancing synergies in energy security and multi-energy transition; in 2024, PGNiG Upstream Norway acquired a 20% stake in the Atlantis field and additional interests in Eirin from Equinor, boosting Norwegian gas output delivered via Baltic Pipe to sustain high production volumes for Poland; the group reported record natural gas production of 8.6 billion cubic meters in 2024 across Poland and abroad, up 20%, while PGNiG Obrót Detaliczny anticipates rising gas demand in 2024-2025 amid industrial recovery.