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MOL Magyar Olajes Gazipari Nyrt

MOLB.BU

Latest Trade

1,869.00HUF

Change

-20.00(-1.06%)

Volume

663,873

Today's Range

1,867.00

 - 

1,994.00

52 Week Range

1,501.00

 - 

3,450.00

As of on the Budapest Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Hungary's MOL to postpone Apr 16 shareholders' meeting

March 24 (Reuters) - Hungary's MOL Nyrt MOLB.BU says in statement on Budapest bourse's website::WILL NOT HOLD ANNUAL GENERAL MEETING ON APRIL 16.MONITORS CORONAVIRUS SITUATION.WILL MAKE ANNOUNCEMENT ABOUT SHAREHOLDER'S MEETING LATER.AGENDA POINTS INCLUDING DIVIDEND PAYMENT TO BE INCLUDED IN PROPOSAL LATER.

Hungary's MOL says discovers oil and gas in the Norwegian North Sea

March 18 (Reuters) - Hungary's MOL Nyrt says in statement on Budapest bourse's website::HUNGARY'S MOL SAYS MOL NORGE DISCOVERS OIL AND GAS IN THE NORWEGIAN NORTH SEA -STATEMENT.HUNGARY'S MOL SAYS WILL NOW INITIATE A COMMERCIAL FEASIBILITY PHASE EVALUATING THE DISCOVERIES.PRELIMINARY EVALUATION OF MAIN DISCOVERY SHOWS REOVERABLE RESOURCES BETWEEN 12-71 MMBOE.MOL Norge AS WITH 40% WORKING INTEREST IS OPERATOR .

Croatia's oil and gas firm INA 2019 profit down as Brent price declines

ZAGREB, Feb 20 (Reuters) - Croatia's oil and gas firm INA <INAI.ZA>, whose biggest shareholders are Hungary's energy group MOL <MOLB.BU> and the Croatian government, said::* 2019 sales up 1% to 22.6 billion kuna ($3.28 billion).* Operating profit (EBITDA) fell 18% to 2.86 billion kuna, mainly due to a 10% decline in Brent crude price.* Net profit was 725 million kuna against 1.69 billion kuna in 2018.* Capital investments in 2019 were 2.15 billion kuna, up from 1.82 billion kuna in 2018, with increased investments in refining and marketing.

MET Group secures EUR 950 million credit facility

Jan 22 (Reuters) - Swiss-based European energy MET Group says in emailed statement::MET SECURES EUR 950 MILLION SHORT TERM REVOLVING CREDIT FACILITY.16 BANKS PARTICIPATED IN TRANSACTION.TRANSACTION WAS OVERSUBSCRIBED AND UPSIZED FORM PREVIOUS SIMILAR FACILITY IN FEB 2019.INCLUDES EUR 632.5 MLN SECURED AND EUR 317.5 MLN UNSECURED REVOLVING CREDIT FACILITY.364-DAY TENOR, EVERGREEN EXTENSION OPTIONS.MET NOW HAS ACCESS TO EUR 1.024 BLN SHORT- AND MEDIUM-TERM CREDIT FACILITIES.MET PLANS BILLION-EURO M&A DEALS IN EUROPE nL8N28J4FG.MET RECENTLY SOLD A 20% STAKE TO SINGAPORE'S KEPPEL CORP. <<<KPLM.SI>>> FOR 53 MLN EUR nFWN28F0BQ.

MOL Group says its CEO has full support of its board after Croatian verdict

Dec 30 (Reuters) - MOL Magyar Olaj es Gazipari Nyrt <MOLB.BU> says in a statement in reaction to Croatian verdict against its chief executive and chairman Zsolt Hernadi::HUNGARY'S MOL GROUP EXPRESSES "UTTER DISAPPOINTMENT" OVER CROATIAN VERDICT AGAINST MOL CHIEF.CHAIRMAN AND CEO HERNADI CONTINUES TO HAVE FULL SUPPORT AND CONFIDENCE OF THE MOL GROUP BOARDS.MOL SAYS ITS STRATEGY TOWARDS INA REMAINS UNAFFECTED.HUNGARY'S MOL GROUP SAYS IN REACTION TO VERDICT: WILL USE ALL MEASURES AS DEFENCE AGAINST ANY ALLEGATIONS OF ILLEGAL PRACTICES .SAYS EXISTING DECISIONS OF HUNGARIAN AUTHORITIES AND THOSE OF THE UN TRIBUNAL IN GENEVA CONCLUDED THERE WAS NO WRONGDOING BY ANY MOL GROUP OFFICER.

Hungary's MOL is looking, but "not in a rush" for further acquisitions - upstream VP

Nov 4 (Reuters) - MOL Magyar Olaj es Gazipari Nyrt <MOLB.BU> Upstream Vice President Berislav Gaso tells Reuters::AZERI ACQUISITION IS MILESTONE IN MOL'S 2030 STRATEGY .WILL ADD ABOUT 20,000 BPD TO MOL'S EARLIER PRODUCTION GUIDANCE .PRODUCTION GUIDANCE WILL RISE TO 120,000-130,000 BARRELS PER DAY IN FUTURE .HUNGARY'S MOL UPSTREAM CHIEF SAYS MOL IS "NOT IN A RUSH" FOR FURTHER ACQUISITIONS AFTER AZERI PURCHASE.IF MOL DECIDES ON NEW UPSTREAM ACQUISITIONS IT WON'T BE AS BIG AS AZERI DEAL.UPSTREAM CHIEF SAYS MOL HAS "VERY ROBUST PORTFOLIO" IN PLACE NOW.

Hungary's MOL buys into Azeri oilfield, pipeline for $1.57 bln

Nov 4 (Reuters) - MOL Magyar Olaj es Gazipari Nyrt <MOLB.BU>::HAS AGREED TO ACQUIRE CHEVRON'S 9.57% STAKE IN AZERBAIJAN OILFIELD -STATEMENT.TO PAY $1.57 BILLION FOR CHEVRON'S STAKE AND PIPELINE STAKE IN AZERBAIJAN OILFIELD -STATEMENT.WILL BUY 8.9% STAKE IN BAKU-TBILISI-CEYHAN (BTC) PIPELINE AS PART OF THE DEAL.TO FINANCE AZERI ACQUISITION FROM LIQUID RESOURCES, DOES NOT AFFECT DIVIDEND PLANS.ACG ACQUISITION PLAYS IMPORTANT ROLE IN RESERVE REPLACEMENT.ACG PRODUCED AN AVERAGE 584,000 BARRELS PER DAY IN 2018.

Croatia's energy group INA reports 36% yr/yr fall in Jan.-Sept. profit

Oct 28 (Reuters) - Croatia's Energy Group Ina <INAI.ZA>::SAYS JAN.-SEPT. PROFIT DOWN 36% YEAR/YEAR TO 681 MILLION KUNA ($101.4 MILLION).SAYS 9-MO REVENUES UP 2% YEAR/YEAR TO 16.5 BILLION KUNA .9-MO OPERATING PROFIT (EBITDA) UP 8% TO 2.4 BILLION KUNA .JAN.-SEPT. CAPITAL INVESTMENT UP 69% YEAR/YEAR TO 1.5 BILLION KUNA .

MOL says its polyol plant to be operational by mid-2021

BUDAPEST, Sept 27 (Reuters) - Hungarian oil and gas group MOL <MOLB.BU> says::*MOL'S POLYOL PLANT IN EASTERN HUNGARY WILL BE OPERATIONAL BY MID-2021.*PLANT IS BEING BUILT BY THYSSENKRUPP INDUSTRIAL SOLUTIONS .*POLYOL PLANT IS MOL'S LARGEST EVER ORGANIC INVESTMENT, TOTAL COST OF PLANT IS EUR 1.2 BLN .*MOL DOWNSTREAM VICE PRESIDENT HORVATH SAYS AFTER RAMP-UP PERIOD, PLANT WILL BE UP TO ITS FULL ANNUAL CAPACITY OF 200,000 T OF POLYOLS BY 2023 .*POLYOL PLANT WILL ADD OVER EUR 150 MLN TO MOL GROUP'S ANNUAL EBITDA.*MOL IMPLEMENTS NEW METHOD FOR POLYOL PRODUCTION DEVELOPED BY THYSSENKRUPP.*HUNGARIAN GOVERNMENT SUPPORTS POLYOL PROJECT WITH EUR 131 MLN IN FORM OF CORPORATE TAX ALLOWANCE AND CASH GRANT.*MOL DOWNSTREAM VICE PRESIDENT HORVATH SAYS IT IS "GOOD NEWS" THAT REFINERY MARGINS STARTED TO IMPROVE IN Q3, WERE HIGHER ESPECIALLY IN AUG AND SEPT.*MOL DOWNSTREAM VICE PRESIDENT HORVATH SAYS CEE REGION IS SHORT IN POLYOL, MOL EXPECTS DEMAND TO GROW.*PETROCHEMICALS MARGINS WERE RELATIVELY STABLE IN Q3, BRENT-URAL SPREAD ALSO POSITIVE - DOWNSTREAM CHIEF .*EXTERNAL ENVIRONMENT FOR DOWNSTREAM IMPROVED IN Q3 - MOL DOWNSTREAM CHIEF HORVATH .

MOL Q2 net profit tops fcast, on target to meet or exceed 2019 EBITDA target

Aug 2 (Reuters) - MOL Plc <MOLB.BU> says in Q2 earnbings statement posted on Budapest Stock Exchange web site::Q2 NET PROFIT WAS HUF 77.8 BILLION VERSUS 72.9 BILLION IN Q1 2018 .NET PROFIT TOPS ANALYST FORECAST OF 68.7 BLN COLLECTED BY BUSINESS NEWS POERTAL PORTFOLIO.HU.Q2 CLEAN EBITDA HUF 182.4 BLN (FCAST 172.6 BLN) VS 178.5 BLN IN Q2 2018.MOL ON TRACK TO MEET OR EXCEED CLEAN EBITDA TARGET OF $2.3 BLN FOR 2019 - CHAIRMAN AND CEO ZSOLT HERNADI IN STATEMENT.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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