MOL Group at a Glance
MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 26,000 people and a track record of more than 100 years in the industry.
Integrated oil & gas company
Ownership structure (%)
MOL Group shares are listed on the Budapest, Luxembourg and Warsaw Stock Exchanges, and its depository reciepts are traded on London‘s International Order Book and OTC in the USA.
||CEZ MH B.V.||7.35|
||Oman Oil Limited||7.00|
||Domestic institutional investors||5.64|
||Unicredit Bank AG||5.15|
||OTP Bank Plc.||4.79|
||Domestic private investors||4.78|
Key Financial figures
|NET REVENUE||USD 15.0 BN||
|CCS EBITDA||USD 2.5 BN||
|CAPEX||USD 1.6 BN||
|OPERATING CASH FLOW||USD 2.11 BN||
Clear CCS ebitda contribution of the main segments (usd bn)
Retail transactions per day
middle east, africa
18 March 2016
MOL Group Extends Its Petrochemicals Value Chain
MOL Group has been strengthening the competitiveness of its petrochemicals business with significant investments. At the site of MOL Petrochemicals in Tiszaújváros, Hungary, a new 130,000 tons butadiene extraction unit started commercial production in Q4 2015. Adjacent to the butadiene plant the construction of a new 60,000 tons per annum capacity plant to manufacture synthetic rubber (S-SBR) was started through a joint venture with the JSR Corporation. Supply of feedstock material to the new plant will be secured from the butadiene extraction unit. Synthetic rubber is one of the most innovative raw materials for safe and fuel efficient tires. Slovnaft Petrochemicals in Bratislava completed the construction of a new 220,000 tons per year capacity LDPE4 unit, which replaces three out-of-date units and will increase production flexibility, reduce production costs, improve product qualities and ensure higher naphtha off-take from the refinery.
MOL Group Acquires Eni’s Downstream Business in Hungary and Slovenia
In Q4 2015 MOL Group signed agreements with Eni International B.V. for the acquisition of the entire share capital of Eni Hungaria and Eni Slovenia doo. In Hungary, the deal includes 183 Agip branded service stations (including dealer owned sites) as well as wholesale activities. The deal significantly contributes to MOL Group’s strategy of further downstream integration. MOL realizes significant wholesale and retail synergies as well as cost optimization, whilst the acquisition serves as a unique opportunity as it includes key retail positions and strengthens MOL Group’s position in and around Budapest. In Slovenia, the deal includes 17 Agip branded service stations (including dealer owned sites), which will strengthen MOL’s position among the top three retail network operators in the country. The deal will complement MOL’s current Slovenian network of 40 stations and provides an opportunity to establish a retail presence in Ljubljana.
MOL Group Offered 4 licences at the 2015 APA Licensing Round in Norway
As a major milestone, MOL Group entered Norway in 2015 with the clear intention to develop a new hub for exploration. MOL acquired 100% ownership in Ithaca Petroleum Norge, renamed MOL Norge, and consequently MOL took over a strong exploration-focused team with in-depth experience of the Norwegian Continental Shelf as well as a portfolio including 14 licences, out of which 3 are operated licences. The exploration resource base has been further enhanced by farm-in of new acreages as MOL Group has acquired interest in three non-operated licences from Det norske oljeselskap ASA. In the 2015 APA round, MOL Norge was awarded interest in 4 licences, 2 of which are operated. With already 750 million barrels of oil equivalent net unrisked prospective resources in the portfolio, MOL will maintain the exploration focus in Norway and will seek to mature the portfolio and identify further opportunities focused on MOL Norge’s core areas in the Norwegian North Sea.
MOL Group has over 75 years of experience in exploration and production and its diverse portfolio includes oil and gas exploration assets in 13 countries, with production activity in 8 countries. Beyond its core region, Central & Eastern Europe, MOL has a well-established presence and thriving partnerships in the CIS region, the Middle East, Africa and Pakistan. In 2014, MOL Group also entered the United Kingdom, and later Norway, to increase its reserves and enhance its offshore experience. MOL Group is committed to doing business responsibly and sustainably, supporting communities and striving to meet the best possible health and safety and security standards wherever it is present.
MOL Group’s Downstream division operates four refineries and two petrochemicals plants and is made up of different business activities that are part of an integrated value chain. This value chain turns crude oil into a range of refined products, which are moved and marketed for household, industrial and transport use. The products include, among others, gasoline, diesel, heating oil, aviation fuel, lubricants, bitumen, sulphur and liquefied petroleum gas (LPG). In addition, it produces and sells petrochemicals worldwide and holds a leading position in the petrochemical sector in the Central Eastern Europe region. MOL Group’s retail network is composed of nearly 2000 service stations in eleven countries predominantly located in the supply radius of the Group’s refineries which maximizes synergies between refining & marketing and retail.
In 2015, 1,114 three-member teams applied for the talent acquisition program UPPP from 53 countries, ranging from the UK and Central Europe to the Middle East. Our new Exploration & Production related talent acquisition program was launched in 2014 aiming to attract geosciences and petroleum engineering students globally to MOL Group.
Initiated in 2007, our graduate recruitment and development program has brought more than 1,700 graduates to us. Our Growww program offers a unique opportunity to graduates. It gives them the chance to start their career at an international company, gain work experience under professional guidance and prove themselves in a cross-cultural working environment.
The unique online competition, Freshhh, plays an important part in our internationally-recognised, talent attraction strategy. We emphasise diversity and an outside-in approach to talent development in the organisation. Since the competition started in 2007, more than 20,000 students have participated, from 76 countries and 258 universities. In 2015, a record number of three-member teams (2,210 participants) applied to enter our competition.
MEANS FOR US
STRATEGIC FOCUS AREAS
By applying alternative energy sources and energy efficiency technology, we opened one of the first “service stations of the future” in Europe. Our new MOL Group environmentally-friendly service station achieved more than 50% in energy savings (120,000 kWh of electricity per annum), made creative use of alternative energy, effectively reduced 30 tonnes of GHG emissions and made conscious use of recycled materials.
Rubber bitumen is produced by recycling the rubber parts of used tires. It can be used in the construction of long-lasting, high quality roads. We started commercial sales of the product in 2013. The product received ECO-label certification in 2014. We recycled 25,000 waste tires for production and sold more then 400 tons.
Sulphur-dioxide (SO2) emissions are a significant environmental impact of the energy sector. We have reduced our SO2 emissions from 13.1 to 6.1 thousand tonnes/year between 2010 and 2015 in our operations. In comparison, overall SO2 emissions in Hungary amount to 35 thousand tons/year.
In the household cooking oil campaign 390 tons of used cooking oil has been collected and sent for recycling at more than 230 MOL Group service stations since 2011.