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MOL Group

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For a Low-Carbon Circular Economy in Central Europe

Sándor Laczkó
Apr 13, 2021

The Hungarian oil and gas company MOL is not only one of the best-known Hungarian brands, but has been expanding in the region for a good quarter of a century, followed by the acquisition of positions in Asia and a role in the North Sea. Keeping up with the times, the company diversifies its operations […]

Updated, Integrated Long-term Strategy at MOL

D&T
Feb 24, 2021

The Board of Directors of the Hungarian oil and gas trust MOL reviewed and approved 'MOL Group 2030+', an update of the company’s long-term strategy – which was originally announced in October 2016 –, fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. A statement by the […]

MOL Group: Solid Performance in 2020

D&T
Feb 19, 2021

MOL Group has announced its financial results for 2020 that shows operating earnings without one-off special effects and adjusted by the current cost of supply decreasing but still a bit above USD two billion. Despite the much challenging pandemic and economic crisis, MOL Group generated USD 464 million Clean CCS EBITDA in the fourth quarter, […]

MOL Group Donates Disinfectants to Relief Campaign

D&T
Dec 20, 2020

The Hungarian oils and gas group MOL supports the large-scale Christmas relief campaign of the Hungarian Interchurch Aid with a donation of 2,300 liters of hand and surface disinfectant. The charity service will deliver 500 servings of hot meals a day to those in need for five days this year. Due to the epidemic situation, […]

MOL Group Tops Hungarian Corporate Revenue List

D&T
Nov 11, 2020

The Hungarian business weekly HVG has prepared the list of the country's corporate entities with the highest revenues in 2019. The oil and gas group MOL continues to top the list of 500 companies but the largest anual revenue increase was produced by Audi Hungaria. According to hvg.hu, the combined sales of the 500 companies […]

MOL Group's Danube refinery

MOL Group Announces Third Quarter Results

D&T
Nov 9, 2020

During the pandemic and economic crises, Clean CCS EBITDA at the Hungarian oil and gas group MOL strongly rebounded from the second quarter lows and came in at USD 610 mn in Q3 2020, only 12% lower than in the same period last year. According to a press release by the Group, this result brought […]

Used Cooking Oil Collected at MOL Stations

D&T
Aug 10, 2020

On the occasion of International Biodiesel Day, the Hungarian Oil and Gas company MOL once again draws attention to environmental awareness and the environmentally friendly disposal of used cooking oil. The company launched its used cooking oil collection program in 2011, which has collected more than 1,900 tons of used cooking oil in recent years, […]

MOL Petrochemocals plant in Tiszaújváros

MOL Group Cash Flow Remains Positive

D&T
Aug 8, 2020

Hungary's MOL Group announced its financial results for the first half and second quarter of 2020. In the first six months, the Group delivered USD 975 mn EBITDA while Q2 EBITDA significantly declined compared to last year, due to the pandemic and economic crisis. The 2020 capex guidance of up to USD 1.5 bn was […]

Mol: Over 2 Million Liters of Disinfectant

D&T
May 26, 2020

The Hungarian oil and gas company MOL has shipped more than two million liters of its hand and surface disinfectants to hospitals, state and municipal institutions, public utilities and law enforcement agencies since late March when it began the production of these products. The company also started serving wholesale partners last week, reaching about 600 […]

MOL Starts Producing Sanitizers

D&T
Mar 26, 2020

Hungarian energy giant MOL has started production of hand and surface sanitizers to offer protection against the COVID-19 coronavirus. Both products are in short supply in Hungary. Lubricants producer and MOL Group member MOL Lub managed to shift production of a windshield washer production line at its Almásfüzitő plant in just two week. The unit […]

MOL Discovers Oil and Gas in the North Sea

D&T
Mar 19, 2020

MOL Norge AS, a wholly owned subsidiary of Hungary' MOL Group, and its joint venture partners have discovered oil and gas in an offshore field located about 200 kms west of Stavanger in the Norwegian part of the North Sea. A statement by the company says the exploration well in the 820S licence area was […]

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