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MOL Group

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MOL Joins IOGP Initiative to Help Ukraine

May 7, 2022

The Hungarian oil and gas company Mol is showing solidarity with the war-affected Ukrainian energy sector, and is providing equipment to support the continued and safe operation of the energy network, the group said in a statement on Saturday. Mol Group has also joined the initiative of the International Oil and Gas Producers' Association (IOGP) […]

MOL Launches the Production of Green Hydrogen

Apr 27, 2022

The Hungarian oil and gas company MOL builds one of the largest capacity green hydrogen plants in Europe in Százhalombatta, just south of Budapest. This investment of EUR 22 million allows MOL to produce 1,600 tons of green hydrogen annually with the help of renewable electricity and enables about 25,000 tons of CO₂ saving. MOL […]

MOL Sells its Upstream Portfolio in the UK

Mar 24, 2022

The Hungarian oil and gas company MOL has signed an agreement with Waldorf Production Limited (“Waldorf”) covering the sale of its entire Upstream portfolio in the United Kingdom. The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes and a 21.8% stake in Scott as well […]

MOL Petrolkémia Builds a New Plant in Tiszaújváros

Mar 23, 2022

By investing EUR 180 million, MOL Petrolkémia builds a new plant in Tiszaújváros where its foundation stone laying ceremony took place this Wednesday. 7-8% of the investment costs are covered by Hungarian taxpayers through a government decision. The production unit, which has an annual manufacturing capacity of 100,000 tons of propylene per year, covers a […]

Record High EBITDA in 2021 at MOL Group

Feb 20, 2022

MOL Group has announced its financial results for Q4 and full year 2021. In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year clean CCS EBITDA to an all-time high USD 3.531 bn, above the updated guidance. Simplified free cash flow tripled since last year and amounted […]

MOL Acquires Filling Stations in Hungary and Poland

Jan 12, 2022

Hungarian oil and gas enterprise MOL Group has signed an agreement to acquire Normbenz Hungary Ltd, which operates 79 service stations in Hungary under the Lukoil brand. MOL has also signed an agreement with Grupa Lotos SA and PKN Orlen to acquire 417 service stations in Poland. The Lukoil agreement announced today follows an acquisition […]

MOL Group Inaugurates New Petroszolg Headquarters

Sep 29, 2021

Petrolszolg's new HUF 6.7 billion headquarters in Tiszaújváros was inaugurated. The industrial maintenance and services company, wholly owned by the Hungarian oil and gas trust MOL Group, will now manage the servicing of MOL's Tiszaújváros site from the new building. The 9,500-sqm facility has two floors, six units and four large workshop halls. This is […]

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

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

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

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

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, the combined sales of the 500 companies […]

MOL Group Announces Third Quarter Results

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

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

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 […]

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