MOL Group | LinkedIn (original) (raw)

Oil and Gas

MOL Group is an international, integrated oil, gas, petrochemicals and consumer retail company

About us

MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 26,000 people and a track record of more than 100 years in the industry.

Industry

Oil and Gas

Company size

10,001+ employees

Headquarters

Budapest

Type

Public Company

Founded

1991

Specialties

Upstream, Downstream, Retail, and Midstream

Locations

Employees at MOL Group

Updates

Another important step towards smart energy transition: production has started in MOL Group's green hydrogen plant in Százhalombatta. The facility produces 1,600 tonnes of clean, carbon-neutral green hydrogen per year that we primarily use for fuel production. With its 10 megawatt capacity, the facility is the largest green hydrogen plant in Central and Eastern Europe. It reduces the Danube Refinery's carbon dioxide emissions by 25 000 tonnes per year, as much as the annual carbon dioxide emissions of roughly 5400 typical cars. The step is in line with MOL Group's SHAPE TOMORROW corporate strategy to make the region more sustainable, competitive and self-sufficient.
Good news from Pakistan: MOL Pakistan has made 3 significant gas discoveries in the TAL Block, where the company, a fully owned subsidiary of MOL Group has operated for 25 years. The Razgir-1 exploratory well was spudded in January 2024 and drilled to 3,950 meters. Three successful well tests have been performed so far and gas and condensate were discovered in 3 separate geological formations. In total, “Lumshiwal-1 Formation” tested approx. 3800 boepd of gas and condensate. The “Kawagarh Formation” tested at approx. 3000 boepd, while in the “Lockhart Formation”, an approximate flow rate of 3500 boepd was achieved. MOL is the operator of the TAL Block with 8.4% share. “This result shows the resilience and professionalism of our team that provides energy supply security in Pakistan for two decades.” – said Zsombor Marton, Executive Vice President, Exploration and Production, MOL Group. Congratulations to our Team in Pakistan!
We celebrate World Biodiesel Day on 10 August. The renewable energy source is produced among others from vegetable oils, animal fats and used cooking oils, and 1 ton of it saves up to 2-3 tons of carbon dioxide emissions compared to fossil diesel. MOL Group places great emphasis on renewable fuels. Currently we provide these in 9 countries worldwide, mainly biodiesel or bioethanol, and we mix other materials of renewable origin as well, in quantities of several hundred thousands of tons. During our fuel development we treat waste as a raw material and energy source that otherwise, without collection, recovery and processing might cause serious environmental damage. Biodiesel plays an important role in the smart energy transition as it makes traditional fuels more sustainable, and the technology also offers new solutions for air transport.
Today MOL Group announced its financial results for Q2 and H1 2024. In the first six months MOL Group delivered USD 916 mn profit before tax, marking a 19% increase year-on-year while in Q2 it reached USD 534 mn. Both Downstream and Upstream generated stable and reliable financial results thanks to steady demand on refining side and slightly higher hydrocarbon prices. Consumer Services’ performance has been driven by fuel sales volumes and the further strengthening non-fuel margin. More details here:https://lnkd.in/ee3ssbqs
The balance between work and family life is crucial for the overall happiness of employees. We are proud to create numerous family-friendly benefits in our companies, which have a positive impact not only on our colleagues but also their loved ones. Among other benefits, MOL Magyarország employees can utilize the services of the newly built kindergarten next to MOL Campus. Additionally, the company prirotizes the health of colleagues with a wide range of high-quality private healthcare services and annual health screenings. Slovnaft allows family members of employees to use its sports fields, swimming pool, tennis courts, and gym for free. The company also regularly organizes joint family programs, offers nursery and kindergarten services along with meal allowance for employees on maternity or parental leave.INA Grupa provides numerous benefits to support the families of employees, but special focus is always put on opportunities for kids - such as summer camps, language schools, music education, children’s plays and books, clothing and school supplies and other activities and services at discounted rates. Beyond the benefits mentioned above, employees at all three companies are entitled to extra leave. At MOL, new fathers receive 5 days, single parents receive 2 days, and female colleagues undergoing fertility treatment receive 10 days of extra leave. At Slovnaft, mothers raising children under 15 and single fathers are entitled to an additional 3 days of leave. At INA, extra leave can be requested in special occasions such as marriage or moving, and dads also have the opportunity to take a three month paternity leave to enjoy fatherhood. If you feel that our family-friendly solutions can provide you with the support you're looking for, we welcome you to join our team and experience the difference for yourself. #MOLGroup #WeCreateSolutions
The first informal meeting of the Competitiveness Council, attended by EU ministers and state secretaries responsible for competitiveness, was held at our headquarters, at MOL Campus. The event, was part of Hungary's EU presidency program and was attended by industry players who highlighted that the future success of the green energy transition requires preserving and enhancing Europe's competitiveness. Learn more about the meeting in our video:
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In this extreme heatwave, with temperatures constantly breaking records, many of our employees are working tirelessly in MOL's refineries, oil and gas fields, plants and service stations. We'd like to thank their commitment, because this way we can guarantee an uninterrupted supply, even in these extreme conditions. We appreciate their perseverance, which allows our economies to keep running. Thank you
We are delighted to share that the final competition of the MOL Group Growww program was held on June 14, where our newly graduated Growww employees presented their project ideas to the judges and to the audience. In this year's competition, jury members Branislav Vinter, Lana Faust Križan, Judit Campos, Andras Svebis, Tivadar Runtág and Robert Thomas P. made the decision about which of the 4 teams performed the best. The event also included a panel discussion, where the current Growwwers and their managers shared their experiences and the development of the past 1 year. At the end of the event, the contestants took part in a quiz, where the most successful participants were rewarded with Strand Festival tickets. We would like to congratulate to all participants! To learn more about the MOL Growww Fresh Graduates Program visit our Career site: https://karrier.mol.hu/en #MOLGroup #Growwwprogram #wecreatesolutions
We are proud to announce that MOL Group Procurement has been honoured as the Grand Winner of SAP Quality Awards 2023 in the CEE region. Over the past three years, MOL Group Procurement, Group IT and our recognized implementation partner, Bearing Point delivered outstanding results, implementing a Group level End-to-End sourcing suite, providing a standard process environment for procurement operation group-wide, enabling full process transparency and delivering significant productivity and leadtime improvement. The SAP Quality Award is a huge recognition and clear reflection on the quality, innovation, dedication, and collaboration that featured this project. Congratulations and keep up the good work!
MOL's new procurement center has opened its doors in Komárno, Slovakia! The new center closely collaborates with Selye János University, offering excellent opportunities for talented students to gain practical experience. A key consideration in designing the new office was creating a youthful and dynamic atmosphere where students are happy to work. The innovative work environment supports creative thinking and innovation. Participants in the internship program can engage in every step of the procurement processes and gain valuable experience. We are particularly pleased that, in addition to mentoring students, we can offer long-term career opportunities to the best performers. This initiative represents a significant step forward not only for the MOL Group but also for the region, contributing to economic development and supporting local talent.#MOL #Career #Komárno

MOL Group | LinkedIn (original) (raw)

Oil and Gas

MOL Group is an international, integrated oil, gas, petrochemicals and consumer retail company

About us

Locations

Employees at MOL Group

Updates

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