PKY1.BE - Polski Koncern Naftowy ORLEN SA

Berlin - Berlin Delayed Price. Currency in EUR
+0.04 (+0.26%)
As of 08:06AM CEST. Market open.
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Previous Close14.38
Bid14.43 x N/A
Ask14.65 x N/A
Day's Range14.42 - 14.42
52 Week Range10.28 - 15.90
Avg. Volume0
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters

    Germany's Schwedt refinery losing out in race from Russian oil

    Slashed output at Germany’s Schwedt oil refinery demonstrates the difficulty Berlin faces in turning away from Russian oil, despite plans to work with Poland to find alternative supply. Schwedt has traditionally supplied 90% of the gasoline, diesel, jet fuel and fuel oil used in Germany's capital city. Moscow last month retaliated against their bilateral efforts by halting oil flows to Poland via the Druzhba pipeline, thereby squeezing Poland’s ability to free up oil for Schwedt.

  • Reuters

    Poland's PKN will demand compensation after Russia stopped oil deliveries, says CEO

    WARSAW (Reuters) -Poland's PKN Orlen will demand compensation after Russia halted oil deliveries to Poland via the Druzhba pipeline in late February, Chief Executive Officer Daniel Obajtek said on Monday, without giving further details. Last March, Poland pledged to stop using Russian oil by the end of 2022, the same time as PKN's long-term contract with Rosneft expired.

  • Reuters

    PKN Orlen recommends record dividend for 2022

    GDANSK/WARSAW (Reuters) -Poland's biggest oil refiner PKN Orlen has recommended its highest dividend yet at 5.50 zlotys ($1.24) per share for 2022, the company said in a strategy update that sent its shares up more than 5% on Tuesday. Announcing a revamped dividend policy, PKN said it will make annual dividend distributions equivalent to 40% of the previous year's adjusted free cash flow. The company also said it expects last year's acquisitions of gas company PGNiG and refiner Lotos to help it double core profit to about 60 billion zlotys ($13.51 billion) by 2030.

  • Reuters

    Poland's PKN Orlen Q4 net profit surges on takeovers, refining

    WARSAW (Reuters) -Poland's PKN Orlen on Friday reported a four-fold jump in fourth-quarter net profit, boosted by recent acquisitions and a strong refining performance. The state-controlled refiner posted a net profit of 16.37 billion zlotys ($3.67 billion) for the quarter ended Dec. 31, compared to 15.94 billion zlotys expected by analysts and 4.14 billion zlotys a year earlier. The results include its Lotos business and partial PGNiG earnings after Orlen took over its peers in line with the government's drive to tighten control over the economy and create "national champions".

  • Reuters

    UPDATE 2-Norway wealth fund puts PKN Orlen on watch over human rights concerns

    Norway's $1.3 trillion wealth fund on Wednesday put Polish energy group PKN Orlen under observation for a period of three years, saying its purchase of newspaper group Polska Press held serious implications for press freedom in Poland. PKN's purchase of Polska Press from a German media group has been criticised by opposition parties in Poland for being part of a drive by the nationalist Law and Justice (PiS) government to increase control over the media and curb free speech. Focusing on press freedom as a criteria for screening for the first time, the fund's ethics watchdog said the acquisition posed an "unacceptable risk that the company contributes to serious violations of human rights."

  • Reuters

    Norway wealth fund puts PKN Orlen under observation

    Norway's $1.3 trillion wealth fund on Wednesday put Polish energy group PKN Orlen under observation for a period of three years, citing "unacceptable risk that the company contributes to serious violations of human rights".

  • Reuters

    Motor racing-Alfa Romeo F1 team announce co-title partnership with Stake

    The Alfa Romeo Formula One team announced a multi-year co-title partnership with online casino and sports betting platform Stake on Friday as previous Polish sponsor PKN Orlen switched to rivals AlphaTauri. Stake also sponsor English Premier League soccer side Everton. No financial details were given, although a team statement described the deal as record-breaking.

  • Reuters

    UPDATE 1-Sempra Energy strikes 20-year LNG supply deal with Poland's PKN ORLEN

    Sempra Energy said on Wednesday it would supply 1 million tonnes per annum of liquefied natural gas (LNG) from its Port Arthur LNG Phase 1 project to Poland's PKN ORLEN S.A. for 20 years. The deal is the latest in a series of long-term contracts for U.S. LNG after Western sanctions on major producer Russia following its invasion of Ukraine squeezed an already-tight global supply. With Wednesday's supply deal with PKN ORLEN, which recently acquired the Polish Oil & Gas Co, Sempra's Port Arthur LNG Phase 1 is fully subscribed with 10.5 Mtpa under binding long-term agreements, the company said.

  • Reuters

    Poland's third largest city transport operator seeks PKN Orlen price probe

    The public transport operator in Poland's third largest city has asked the anti-monopoly regulator UOKiK to look into oil refiner PKN Orlen's pricing policy after value added tax on motor fuels was raised from 8% to 23% on Jan. 1. The price of most popular gasoline at the pumps of PKN Orlen, Poland's top wholesaler and retailer of motor fuel, has stayed unchanged as the company cut wholesale prices of the fuel by a total of 14% on Dec. 31 and Jan. 1, company data shows.

  • Thomson Reuters StreetEvents

    Edited Transcript of PKN.WA earnings conference call or presentation 29-Nov-22 11:00am GMT

    Q3 2022 Polski Koncern Naftowy Orlen SA Earnings Call

  • Reuters

    Poland's PGNiG shareholders approve takeover by PKN Orlen

    Shareholders of Polish gas company PGNiG on Monday approved the company's takeover by refiner PKN Orlen, moving the oil firm closer to completing its plan to become a national energy champion able to compete with global players. Poland is seeking to create a global player to boost its energy security and shoulder the country's move away from fossil fuels while maximising opportunities in the oil, gas and electricity sectors. Shareholders owning at least two-thirds of PGNiG shares had to back the merger terms to approve it.

  • Reuters

    Polish refiner Orlen should escape windfall tax, says CEO

    Polish refiner PKN Orlen does not expect to be hit by the government's planned windfall tax because it is carrying out investment important to Poland's energy security, Chief Executive Daniel Obajtek said on Tuesday. Poland expects to raise 13.5 billion zlotys ($2.77 billion) from a windfall tax on energy companies, the government announced in September, and was considering extending the measures to other businesses. "Companies that have excess profit, I believe, should be taxed in this regard ... but PKN Orlen does not have excess profit ... I don't see these (legislative proposals) as hitting Orlen very strongly," Obajtek said on the RMF FM radio station.

  • Reuters

    Shareholders of Poland's PKN Orlen approve takeover of gas firm PGNiG

    Shareholders of Polish refiner PKN Orlen on Wednesday approved the takeover of gas company PGNiG, bringing the oil firm closer to becoming what the government says will be a national energy champion able to compete with global players. Shareholders owning at least two-thirds of Orlen shares had to back the merger terms to approve it.

  • Reuters

    Exclusive-PKN Orlen interested in stake in Germany's Schwedt refinery -sources

    WARSAW/BERLIN (Reuters) -Polish refiner PKN Orlen is interested in taking a controlling stake in the PCK Schwedt refinery that Germany has placed under a trusteeship, effectively removing control from Russia's Rosneft, sources in Berlin and Warsaw familiar with the matter told Reuters on Friday.Warsaw said earlier this year that ending Russian ownership of the refinery was a condition for potentially supplying it with sea-borne oil via a terminal in Gdansk and via Polish pipelines to replace Russian crude. State-controlled PKN Orlen declined to comment, saying it announces planned or implemented projects and investments when decisions are made. The refinery, which was majority-owned by Rosneft, has been testing Germany's resolve to eliminate imports of oil from Russia by the end of the year under European sanctions to punish Moscow for its invasion of Ukraine.

  • Reuters

    PKN Orlen invests in hi-tech wind turbine and inspection companies

    GDANSK (Reuters) -Poland's biggest oil refiner PKN Orlen stepped up its commitment to new technologies on Thursday, saying it had invested in a company that helps improve the efficiency of wind turbines and another that automates infrastructure inspections. The investments are in Eologix Sensor Technology and Invert Robotics Group respectively, and were made through PKN Orlen's venture capital fund Orlen VC, the company said. "In terms of the investment value, in both cases we are talking about 2-3 million euros ($2-3 million) each," Orlen VC investment director Marek Garniewski told Reuters.

  • Reuters

    Czech pipeline operator expects Druzhba oil flows to resume within two days

    PRAGUE (Reuters) -Russian oil flows through the Druzhba pipeline to the Czech Republic should resume within two days as problems with paying transit fees should be resolved, the chairman of Czech pipeline operator MERO Jaroslav Pantucek told Czech Television on Thursday. Druzhba flows to Slovakia and Hungary restarted on Wednesday after Hungarian oil group MOL paid transit fees through Ukraine instead of Russia, and Pantucek said its customer PKN Orlen was taking the same steps on Thursday. "As oil flows today to Slovakia and Hungary, MOL as the customer took practical steps for the pipeline to operate...I am informed by our customer that it is taking identical steps today so I expect that very soon, tomorrow or the day after tomorrow oil will be flowing here as well," Pantucek said.