Strong MOL-performance despite uncertain market and regulatory environment

Today MOL Group announced its financial results for Q2 and H1 2022. In the first six months MOL Group delivered USD 2.179bn EBITDA while in Q2 the EBITDA reached USD 1.347bn, an overall strong result considering the volatile, unpredictable and uncertain external environment. Upstream and Downstream segments were able to mitigate the impact of fuel price regulation in some CEE countries and the windfall taxes in Hungary. The estimated impact these measures amounted to approximately USD 640mn, with 90% relating to operations in Hungary in H1 2022. Strong Q2 EBITDA allows MOL Group to raise its 2022 full year guidance to „around USD 3.3 bn” from „around USD 2.8 bn”.