ORLEN Group ended the second quarter of 2022 with sales revenue of PLN 58 billion and a net profit of PLN 3.7 billion. Nearly half of the company’s revenue was generated from sales abroad. Fuel sales at ORLEN stations in Poland accounted for about 8% of the group’s EBITDA LIFO operating profit.

“Our results clearly show that the diversification of ORLEN Group’s operations allows us to generate increasing profits beyond fuel production and sales. Very good results were generated by petrochemicals, producing materials for modern plastics. Good results were also generated by the power industry, which already produces 60% of its energy from low- and zero-emission sources”, said Daniel Obajtek, President of the PKN ORLEN Management Board.

In the first half of the year, the Płock company spent PLN 6.3 billion on capital expenditure, which is almost as much as the ORLEN Group invested in total in 2014-2015.

Key development projects include investments that will significantly increase ORLEN Group’s competitiveness in the long term. They include offshore wind farms, Europe’s largest petrochemical investment in olefins development, or a plant for hydrogenation of vegetable oils, enabling the production of environmentally friendly fuels reducing emissions by up to 80%. In the second half of the year, it is planned to accelerate investments and realise expenditures at a record level of PLN 15.2 billion per year.

At the end of the second quarter of 2022, there were 2885 fuel stations in the ORLEN Group’s retail network which means an increase of 31 facilities compared to the previous year. Already 2309 fuel stations, or about 80%, are equipped with the so-called StopCafe/star Connect non-fuel concept, including 1,768 in Poland, 326 in the Czech Republic, 170 in Germany, 29 in Lithuania and 16 stations in Slovakia.

Adrian Andrzejewski