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MOL Group | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary. It operates in over 30 countries...

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MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary. It operates in over 30 countries and has a workforce of 26,000 people, with a history spanning more than 100 years in the industry. The company specializes in upstream, downstream, retail, and midstream operations, and owns a network of nearly 2,000 service stations across Central Eastern Europe.

Website
Headquarters
Hungary, Budapest, 1117, HU
Size
10,001+ employees
Industry
Oil and Gas
Specialities
Upstream, Downstream, Retail, Midstream

🛍️ MOL Group Product and Pricing News →

👔 MOL Group CEO, Management and Leadership Team →

⚔️ MOL Group Alternatives and Competitors →

💼 MOL Group Hiring and Layoffs →

🤖 MOL Group Developer, Integration and Automation News →

📈 MOL Group Financials, Fundraising and Valuation News →

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🛍️ MOL Group Product and Pricing News

  • MOL Group's latest TOMRA machine for bulk plastic and aluminum recycling became available at Lidl in Pilisvörösvár on February 27.
  • MOL Group upgraded its Bratislava hydrogen station, increasing bus range by 40% and improving refueling efficiency to support sustainable mobility.
  • MOL Group's Bratislava refinery has produced diesel fuel with Hydrotreated Vegetable Oil and Sustainable Aviation Fuel, aligning with their SHAPE TOMORROW strategy, as stated by Gabriel Szabó, Executive Vice President of Downstream.
  • MOL Group successfully produced Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF) at its Bratislava refinery, verified by Isotoptech Zrt.
  • MOL Group has successfully produced biodiesel and sustainable aviation fuel at its Slovnaft refinery in Bratislava.

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  • MOL Group, represented by Executive Vice President of Downstream Gabriel Szabó, joined the call for urgent EU action at the Antwerp meeting discussing the Clean Industrial Deal.
  • MOL Group is prepared to double its oil derivatives supplies to Serbia to address potential shortages due to US sanctions on Serbia's Russian-owned oil company NIS, according to Csaba Zsoter, managing director of MOL Group's Fuels branch.

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⚔️ MOL Group Alternatives and Competitors

  • Polski Koncern Naftowy Orlen
    • |
  • OMV Group
    • |
  • Equinox Engineering
    • |
  • Empting Mineralole
    • |
  • TELEKOM
    • |
  • Enable Midstream Partners
    • |
  • Orlen SA
    • |
  • OMV AG
    • |
  • Turkiye Petrol Rafinerileri AS
    • |
  • Neste Corp
    • |
  • Dominion Energy
    • |
  • Oxy
    • |
  • Eni Next

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💼 MOL Group Hiring and Layoffs

  • Jure Podgornik has left MOL Group, where he was a Senior Project Manager in Slovenia, to become the Director of Project Management Office at Tom PIT.

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🤖 MOL Group Developer, Integration and Automation News

  • Since January 2025, MOL Group has been supplying Antisparkling Fuel to Volkswagen Slovakia's Bratislava plant through a partnership with SLOVNAFT TRANS and VÚRUP.
  • MOL Group and KEPCO signed a MoU to collaborate on a carbon removal credit project focusing on Africa, Southeast Asia, and other regions.
  • MOL Group has launched the BLUE ACTION NET-ZERO ALLIANCE to cut shipping emissions by using alternative fuels and trading environmental attributes certificates (EACs) with major NVOCCs like NIPPON EXPRESS HOLDINGS, C.H. Robinson Worldwide, and MOL Logistics.

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📈 MOL Group Financials, Fundraising and Valuation News

  • MOL Group is acquiring LBC Tank Terminals for $1.7 billion to enhance its position in the global chemical logistics industry and support energy transition infrastructure.
  • MOL Group's stock fell by 1% after reporting a fourth-quarter net loss of $18 million, missing expectations due to CCS effects and foreign exchange fluctuations, despite exceeding its full-year Clean CCS EBITDA guidance.
  • MOL Group's subsidiary Daibiru invests in AirX, a developer of a vertical platform for flying cars.
  • MOL Group's profit before tax decreased by 23% in 2024, but organic investments rose by 16% due to increased sustain-type CAPEX in a challenging year for the Downstream sector.
  • MOL Group published its Q4 and full-year 2024 financial results on February 21, 2025, reporting a fourth-quarter net loss of $18 million, missing expectations.

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