Business Summary: Orlen SA, formerly Polski Koncern Naftowy Orlen SA, is a Poland-based company active in the oil and gas sector. It specializes in the manufacture, distribution, wholesale and retail sale of refined petrochemical products. The Company’s business is divided into three segments: Refining, including refinery products processing and wholesale, oil productions and sale as well as supporting production; Retail segment, including sales at petrol stations; and Petrochemical segment, including production and wholesale of petrochemicals and production and sale of chemicals. Its product portfolio includes fuel and petrochemical products, as well as oil derivatives, such as petrol, heating oil, aviation fuel and plastics. It also produces and distributes electricity and thermal energy. It operates several refineries located in Poland, Lithuania and the Czech Republic and a number of gasoline stations. It operates Kicking Horse Energy Inc and FX Energy Inc.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Orlen SA revenues decreased 29% to PLN82.33B. Net income decreased 70% to PLN2.77B. Revenues reflect Gas Segment decrease of 47% to PLN29.32B, Refining segment decrease of 18% to PLN22.75B, Energy segment decrease of 29% to PLN9.17B, Poland segment decrease of 33% to PLN56.4B, Eliminations segment decrease of 79% to PLN1.21B, Germany segment decrease of 31% to PLN4.63B.