BAKU, Azerbaijan, Nov.15
By Leman Zeynalova – Trend:
Hungarian MOL Group’s capital expenditures and investments in exploration and production fell from $106.7 million in Q2 to $92.6 million in Q3, Trend reports with reference to the company.
Its capex and investments in this sector amounted to $78.7 million in Q3 2020. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) in exploration and production stood at $396.2 million in Q3 versus $336.3 million in Q2 2021, and $211.7 million in Q3 2020.
MOL Group’s operating profit rose from $108.2 million in Q2 2021 to $217.3 million in Q3 2021, as compared to operating loss of $4.3 million in Q3 2020.
MOL Group is a leading integrated Central & East European oil and gas corporation headquartered in Budapest, Hungary. It has operations in over 30 countries and employs 26,000 people worldwide. MOL’s exploration and production activities are supported by 80 years’ experience in the hydrocarbon field.
The Company’s share capital amounts to HUF 102,428,682,578 represented by 819,424,824 pieces registered ordinary shares of the series “A” with a par value of HUF 125 and 578 pieces registered ordinary shares of the series “C” with a par value of HUF 1,001 and one piece registered voting preference share of the series “B” with a par value of HUF 1,000 that entitles the holder thereof to preferential rights as specified in the present Articles of Association. The "B" series share is owned by the Hungarian government.
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