MOL (company)

MOL Plc.
Company typePublic
BPSEMOL
WSEMOL
BUX Component
CETOP20 Component
IndustryOil and gas
Retail
Mobility
Founded1957 (National Oil and Gas Trust)
1 October 1991 (current company)
Headquarters,
Hungary
Area served
Worldwide
Key people
ProductsOil and gas exploration and production, natural gas, oil and LNG trading and transportation, oil refining and chemicals
ServicesBicycle sharing
Carsharing
Fuel stations
Fleet management
RevenueIncrease US$ 19.612 billion (2021)
Increase US$ 2.020 billion (2021)
Increase US$ 1.7 billion (2021)
Total assetsIncrease US$ 19.94 billion (2021)
Total equityIncrease US$ 9.39 billion (2021)
Number of employees
25,000 (2021)
SubsidiariesINA
Slovnaft
MOL Group Italy
Websitemolgroup.info
mol.hu
Footnotes / references
[1] [2]

MOL Plc. (Hungarian: Magyar OLaj- és Gázipari Részvénytársaság, lit.'Hungarian Oil and Gas Public Limited Company'), also known as MOL Group, is a Hungarian multinational oil and gas company headquartered in Budapest, Hungary.[3] Members of MOL Group include among others the Croatian and Slovak formerly state-owned oil and gas companies, INA and Slovnaft. MOL is Hungary's most profitable enterprise, with net profits of $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe[4] and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013.[5]

As of October 2021, the largest shareholder is the Mol New Europe Foundation with 10.49% ahead of Maecenas Universitatis Corvini Foundation and Mathias Corvinus Collegium Foundation, both with 10%, OmanOil Budapest with 7.14% and OTP and ING Bank with 4.9% and 4.48% respectively. Nearly 45% of shares are free floated.[6][7]

MOL is active in exploration and production, refining, distribution and marketing, petrochemicals, power generation, trading and retail. As of 2021, MOL has operations in over 30 countries worldwide, employs 25,000 people, has 2,000 service stations in nine countries (mainly in Central and Eastern Europe) under six brands.[8] MOL's downstream operations in Central and Eastern Europe manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company's most significant areas of operations are Central and Eastern Europe, Southern Europe, North Sea, Middle East, Africa, Pakistan, Russia and Kazakhstan.

MOL has a primary listing on the Budapest Stock Exchange and is a constituent of the BUX Index. As of October 2021, it has a market capitalization of $6 billion and is the second largest company listed on the Budapest Stock Exchange. MOL also has a secondary listing on the Warsaw Stock Exchange.[9]

  1. ^ https://molgroup.info/storage/documents/publications/quarterly_reports/2021/q4_2021_results_call.pdf. {{cite web}}: Missing or empty |title= (help)
  2. ^ "Top 500 CEE Companies (2018)" (PDF). Coface. Retrieved 18 February 2018.
  3. ^ "About MOL". MOL. Archived from the original on 17 November 2015. Retrieved 3 November 2015.
  4. ^ "Top 500 in CEE" (PDF). COFACE. September 2009. Archived from the original (PDF) on 3 March 2012. Retrieved 3 November 2015.
  5. ^ "Global 500 – Countries: Hungary – Fortune". Money. 23 July 2012. Retrieved 2013-06-10.
  6. ^ "Shareholders, management". 3 November 2015. Archived from the original on 21 March 2015. Retrieved 3 November 2015.
  7. ^ "MOLGroup". molgroup.info (in Hungarian). Retrieved 2019-02-20.
  8. ^ "MOL".
  9. ^ "MOLGroup". molgroup.info (in Hungarian). Archived from the original on 2019-02-21. Retrieved 2019-02-20.