MOL (company)
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. 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 $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013.
| Company type | Public |
|---|---|
| BPSE: MOL WSE: MOL BUX Component CETOP20 Component | |
| Industry | Oil and gas Retail Mobility |
| Founded | 1957 |
| Headquarters | , Hungary |
Area served | Worldwide |
Key people |
|
| Products | Oil and gas exploration and production, natural gas, oil and LNG trading and transportation, oil refining and chemicals |
| Services | Bicycle sharing Carsharing Fuel stations Fleet management |
| Revenue | US$ 19.612 billion (2021) |
| US$ 2.020 billion (2021) | |
| US$ 1.7 billion (2021) | |
| Total assets | US$ 19.94 billion (2021) |
| Total equity | US$ 9.39 billion (2021) |
Number of employees | 25,000 (2021) |
| Subsidiaries | INA Slovnaft MOL Group Italy |
| Website | molgroup mol.hu |
| Footnotes / references | |
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.
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. 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.