INVESTOR RELATIONS
Macro data
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- Monthly
- Quarterly
| Macroeconomic data – average: 2023 | unit | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec |
| Brent crude oil price | $/b | 82.8 | 82.5 | 78.6 | 84.9 | 75.6 | 74.7 | 80.1 | |||||
| Model refining margin (1) | $/b | 21.9 | 14.8 | 18.0 | 11.7 | 12.5 | 16.6 | 17.9 | |||||
| Differential (2) | $/b | 6.3 | 5.5 | 3.6 | 2.7 | 1.9 | 1.0 | -0.6 | |||||
| Model petrochemical margin (3)* | EUR/t | 1 018 | 980 | 1048 | 1052 | 1080 | N/A | N/A | |||||
| USD / PLN (4) | PLN | 4.36 | 4.43 | 4.38 | 4.23 | 4.18 | 4.12 | 4.02 | |||||
| EUR / PLN (4) | PLN | 4.70 | 4.74 | 4.69 | 4.64 | 4.53 | 4.46 | 4.44 | |||||
| Natural gas price TTF month-ahead | PLN/MWh | 296 | 249 | 207 | 194 | 142 | 145 | 131 | |||||
| Natural gas price TGEgasDA | PLN/MWh | 314 | 275 | 228 | 211 | 156 | 153 | 151 | |||||
| Electricity price TGeBase | PLN/MWh | 637 | 662 | 571 | 566 | 483 | 533 | 522 |
| Macroeconomic data – average: 2023 | unit | 1Q | 2Q | 3Q | 4Q |
|---|---|---|---|---|---|
| Brent crude oil price | $/b | 81.2 | 78.1 | ||
| Model refining margin (1) | $/b |
18.3 | 13.8 | ||
| Differential (2) | $/b |
5.1 | 1.8 | ||
| Model petrochemical margin (3)* | EUR/t | 1018 | N/A | ||
| USD / PLN (4) | PLN | 4.39 | 4.17 | ||
| EUR / PLN (4) | PLN | 4.71 | 4.54 | ||
| Natural gas price TTF month-ahead | PLN/MWh | 249 | 158 | ||
| Natural gas price TGEgasDA | PLN/MWh | 274 | 173 | ||
| Electricity price TGeBase | PLN/MWh | 623 | 527 |
(1) Model refining margin = revenues (93,5% Products = 36% Gasoline + 43% Diesel + 14,5% HHO) - costs (100% input: Brent crude oil and other raw materials). Spot quotations. (valid till 31.07.2022)
Model refining margin = revenues (93,6% Products = 33% Gasoline + 48% Diesel + 13% HHO) - costs (100% input: 98% Brent crude oil + 2% natural gas). Spot quotations. (valid from 01.08.2022)
(2) Differential calculated on the real share of processed crude oils. Spot quotations. (valid from 01.01.2022)
(3) Model petrochemical margin = revenues (98% Products = 44% HDPE + 7% LDPE + 35% PP Homo + 12% PP Copo) - costs (100% input = 75% Naphtha + 25% LS VGO). Revenues contract quotations; costs spot quotations.
(4) Average foreign exchange rates according to the National Bank of Poland
* Since 2Q23, calculation of model petrochemical margin is temporarily put on hold due to formula update