MOL HUNGARIAN O&G

MOL Group reports adjusted CCS EBITDA of $1.297bn for Q2 2026 and H1 EBITDA of $1.923bn, supported by higher oil and gas prices and strong downstream margins. Despite production outages, a refinery fire and the shutdown of Steam Cracker 1 until 2027, group production remained above 95,000 boe/d; the balance sheet stays robust with net debt/EBITDA below 0.5x. Management withheld guidance due to geopolitical and regulatory uncertainty; the stock closed unchanged at $7.50. » More on de.investing.com

MOL Group reports Q2 2026 CCS EBITDA of 402 billion HUF, 26% above consensus; net profit was 245 billion HUF, 59% above estimates. The downstream/refinery business posted EBITDA of 210 billion HUF with 87% utilization and higher margins, while petrochemicals delivered a positive result of 19 billion HUF for the first time after seven loss-making quarters. Operating cash flow before working capital was 350 billion HUF, investments amounted to 96 billion HUF, and net debt fell to 597 billion HUF (gearing 11.8%). Upstream EBITDA was slightly below consensus at 117 billion HUF, production was 96,000 barrels of oil equivalent per day at a realized price of $93/barrel; the retail business missed consensus with 59 billion HUF. » More on de.investing.com

The Hungarian prosecutor's office has ordered a police investigation into transactions in MOL shares to look into possible breaches of insider trading rules. The probe includes a review of share sales by MOL executives that was already launched in February by the Hungarian National Bank. The sales took place shortly after crude oil deliveries via the Druschba-Pipeline were interrupted on 27 January; deliveries were resumed at the end of April. MOL has previously stated the company complied with applicable laws; the prosecutor's office says clarification of the investigation is necessary. » More on de.investing.com