Orlen S.A. (PKN.WA)
| Previous Close | 63.57 |
| Open | 64.26 |
| Bid | 64.51 x N/A |
| Ask | 64.53 x N/A |
| Day's Range | 63.83 - 64.72 |
| 52 Week Range | 54.43 - 73.59 |
| Volume | |
| Avg. Volume | 2,126,428 |
| Market Cap | 74.892B |
| Beta (5Y Monthly) | 0.69 |
| PE Ratio (TTM) | 5.31 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 4.15 (6.53%) |
| Ex-Dividend Date | Sept 19, 2024 |
| 1y Target Est | N/A |
- Reuters
Orlen Q1 profit falls 70% on windfall tax, weaker refining
WARSAW (Reuters) -Orlen's first-quarter net profit slumped 70% to 2.77 billion zlotys ($704.82 million) due to the impact of a windfall tax and a weaker refining performance, Poland's top oil refiner said on Wednesday, missing expectations. Earnings before interest, tax, depreciation and amortisation (EBITDA) in the quarter fell by 53% year-on-year to 7.73 billion zlotys, while revenue declined to 82.33 billion, the company said. Analysts' estimates were for net profit of 3.24 billion zlotys.
- Reuters
Poland hunts for $330 million of Orlen payments for Venezuela oil, sources say
A Swiss unit of Polish refiner Orlen paid two Dubai-based intermediary companies $330 million for Venezuelan oil, but Venezuela's state oil company PDVSA never received the money, according to sources and a document seen by Reuters. Prosecutors in Poland are investigating the loss of about $400 million by Orlen Trading Switzerland (OTS) in prepayments, mostly for Venezuelan oil, in what has become a politically charged story in Warsaw. State-controlled Orlen agreed last year to buy several oil cargoes from Venezuela during a temporary softening by Washington of sanctions on the country, and sent supertankers to pick them up.
- Reuters
Orlen scraps Venezuela oil deals after heavy losses - source
WARSAW (Reuters) -Polish oil refiner Orlen has cancelled contracts to buy Venezuelan oil and refined products after losing more than $400 million on prepayments for deliveries it never received, a company manager said on Tuesday. Oil and tanker charter contracts put in place by the Swiss based unit Orlen Trading Switzerland (OTS) were scrapped as tankers weren't loading and a U.S. sanctions window was about to close, the person said. The U.S. Treasury Department in October issued a licence lifting sanctions on Venezuela's oil production and exports through mid-April, prompting trading houses to buy cargoes from little known intermediaries registered as customers of state company PDVSA.
