PKN ORLEN's consolidated financial results for 3Q2020

​SOLID FINANCIAL PERFORMANCE DELIVERED BY ORLEN GROUP DESPITE EXTREMELY CHALLENGING MARKET ENVIRONMENT. Amid the historically harshest macroeconomic headwinds for the refining industry, PKN ORLEN...

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PKN ORLEN looking to issue sustainability bonds

​PKN ORLEN is planning to issue bonds worth up to PLN 1bn by the end of this year. The proceeds may be applied to fund, among other things, some of the capital projects undertaken to advance the...

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PKN ORLEN’s ESG rating improvement

​​PKN ORLEN delivers prime quality products and services, while striving to achieve maximum environmental neutrality, energy efficiency and superior safety standards. The Company’s growing ESG...

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Moody’s raises outlook on PKN ORLEN’s credit rating to positive

PKN ORLEN is consistently strengthening its financial position and credibility for investors. This has been affirmed by the rating agency Moody’s, which has upgraded the Group’s rating outlook from negative to positive and upheld its credit rating at Baa2.

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PKN ORLEN’s Annual General Meeting

​The Annual General Meeting of PKN ORLEN granted discharge from liability to all members of the Company’s Management and Supervisory Boards for 2019. The shareholders also approved the amount of dividend proposed by the Management Board for the previous year, of PLN 1 per share. July 28th 2020 was set as the dividend payment date.

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PKN ORLEN’s consolidated financial results for Q1 2020

​PKN ORLEN POSTS STRONG OPERATING RESULTS DESPITE A DECLINE IN SALES VOLUMES. After the first quarter of 2020, PKN ORLEN reported LIFO-based EBITDA of PLN 1.6bn. Revenue came in at PLN 22bn despite a...

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PKN ORLEN revises dividend for shareholders

​The PKN ORLEN Management Board has decided to reduce the originally proposed dividend for 2019 from PLN 3 to PLN 1 per share. The change is made in view of the current macroeconomic situation, especially in the financial market as well as in the fuel and energy sector.

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PKN ORLEN has entered the decisive stage of negotiations with the EC over its proposed acquisition of the LOTOS Group

​The European Commission has enabled PKN ORLEN to review the results of the analysis carried out in second stage of the proceedings of the potential acquisition of the LOTOS Group. In line with the practice for this phase of procedure, the ‘Statement of Objections’ has been applied. A written Statement of Objections issued by European Comission will help PKN ORLEN align its proposed remedial measures with the Commission’s guidelines and formally submit them in the near future.

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PKN ORLEN closer to take over the ENERGA Group

​The European Commission has given its unconditional approval for PKN ORLEN’s plan to take over the ENERGA Group. This is another step, following the tender offer, on PKN ORLEN’s path towards further diversification of its business and strengthening of its position on the competitive European market. The transaction aims to benefit both companies, the regions where they operate and their shareholders, as well as to make Poland’s economy more resilient to new challenges.

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