BAKU, Azerbaijan, Feb.18
By Leman Zeynalova – Trend:
Hungarian MOL Group’s capital expenditures in exploration rose from $61.4 million in 2020 to $69.8 million in 2021, Trend reports with reference to the company.
As such, the company’s capex in exploration rose by 13.68 percent year-on-year. Its capex in development amounted to $286.8 million in 2021, or 29.1 percent more than $222.1 million in 2020.
The company’s operating profit stood at $2.020 billion in 2021, compared to $214 million in 2020. Net financial expenses amounted to $133 million in 2021, as compared to $370 million in 2020. Operating cash flow rose from $1.857 billion in 2020 to $3.037 billion in 2021.
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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