Despite geopolitical tensions, weak global growth and changes in the regulatory environment, the Mol Group closed the 2024 financial year with a stable result, meeting its financial targets, the Group's CEO, Zsolt Hernádi said at the company's annual general meeting in Budapest on Thursday. Zsolt Hernádi noted that despite the decline in the financial result, […]
In its regional graduate program, the energy industry Mol Group will recruit 100 fresh graduates in eight countries this year, who will have the opportunity to start their professional careers at one of the most stable energy companies in Central and Eastern Europe, the company informed MTI on Wednesday. According to the statement, the Growww […]
Hungary’s Mol Group has taken another step towards the development of hydrogen mobility by upgrading its hydrogen filling station for buses and trucks in Bratislava, Mol told MTI on Tuesday. According to the statement, the filling station in the Slovakian capital, located on the territory of the group's subsidiary SlA Bratislava refinery, which was inaugurated […]
The oil and gas group Group MOL has disclosed its financial results for the full year as well as the fourth quarter of 2024. The normalization continued in the industry, which led to 23% decrease in profit before tax in 2024. Full-year 2024 organic investments increased by 16%, primarily due to higher sustaintype CAPEX in […]
The Hungarian oil and gas company MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that it entered into a sale and purchase agreement with ENEOS Materials Corporation of Japan pursuant to which ENEOS acquires MOL’s 49% stake in ENEOS MOL Synthetic Rubber Ltd. Following the transaction, ENEOS will […]
MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that third Vecsés oil well (just outside Budapest), adds another 600 barrels of oil a day to MOL's Hungarian production. In the Vecsés oil field, discovered two years ago, there are three wells already operating. They produce about 4,000 barrels […]
The Mol Group and Turkish Petroleum Corporation (TPAO) signed a Memorandum of Understanding in Istanbul to work together as strategic partners in the field of hydrocarbon exploration and production, the oil and gas group has announced. The statement says the companies are taking their cooperation in Turkey to a new level after successful joint international […]
The largest green hydrogen plant in Central and Eastern Europe, with a capacity of 10 megawatts, has started production at the Hungarian Mol Group's refinery in Százhalombatta, just south of Budapest, producing 1,600 tons of clean, carbon-neutral green hydrogen per year, which is used in fuel production, the company informed MTI on Wednesday. The statement […]
The Mol Group has been awarded the International Sustainability and Carbon Certification (ISCC Plus) for the chemical recycling activities at the Mol Petrochemicals site in Tiszaújváros, NE Hungary. The certificate will enable the company to create a comprehensive value chain covering the entire life cycle of plastic waste, the company told MTI on Wednesday. According […]
There is no Europe without industry, and there is no Hungary either, and Mol believes that it can only remain strong with a sovereign and competitive industry. That is according to the CEO of the petrochemical Mol Group, Zsolt Hernádi at the inauguration of the Mol Polyol Complex in Tiszaújváros on Tuesday. At the ceremony, […]
MOL Group delivered USD 382 mn Profit before tax in Q1 2024, amidst continued government takes and turnarounds in Downstream, the unfavorable effect of lower gas prices in Upstream, and continued strong non-fuel dynamics in Consumer Services. MOL Group generated USD 402 mn simplified free cash flow in Q1 2024, 22% lower compared to the […]
The Hungarian oil company Mol's green hydrogen plant, established with a EUR 22 million investment, was inaugurated on Thursday in Százhalombatta, south of Budapest. In the new plant, carbon-free production can be realized on a large-scale industrial scale. József Molnár, CEO of the Mol Group, said at the opening ceremony that the company group has […]
The Mol Group has updated its long-term strategy, 'Shape Tomorrow', with the aim of making the region greener, more self-sufficient and competitive, the company told MTI. According to the information, the main objective of the updated strategy is to enable a green energy transition while guaranteeing security of energy supply. To this end, the company […]
The Hungarian oil and gas company MOL Group announced its financial results for Q2 and H1 2023 on the website of the Budapest Stock Exchange. In the first six months of the year, the Group delivered USD 1,125mn EBITDA while in Q2, the EBITDA reached USD 411mn. Both Downstream and Upstream results were hit by […]
The Hungarian oil and gas company Mol has signed an agreement with BayWa AG to purchase the Szarvas Biogas Plant, a waste processing facility that uses organic waste to generate electricity and heat through cogeneration with a peak electrical capacity of about 4 megawatts in the eastern Hungarian town of Szarvas. According to the company, […]
