ORLEN was ranked 44th in the prestigious “Fortune 500 Europe” ranking. This confirms the company’s strong position in the region. The ranking was prepared by the American magazine Fortune, based on companies’ revenues in 2022.
“ORLEN’s high position among the largest European companies demonstrates the new business opportunities we have gained through our merger with Energa, LOTOS and PGNiG. As a large multi-energy group based on sustainable sources of financing and a stable balance sheet, we have become a significant international player, which gives us, among other things, a better negotiating position when concluding contracts with the largest players on the market”, says Daniel Obajtek, President of the Management Board of ORLEN and adds that thanks to the diversification of its operations, ORLEN Group develops its competitive advantages and has the potential to make investments that strengthen the energy security of Poland and the region.
With $62.3bn in revenue for 2022. ORLEN is the highest ranked Polish company in the Fortune ranking.
The company operates in Poland, the Czech Republic, Germany, Lithuania, Slovakia, Hungary and Canada, Norway, Pakistan and soon in Austria.
ORLEN Group’s offer reaches over 100 countries on 6 continents. The Company is capable of processing over 45 million tonnes of various types of crude oil per year and conducts retail sales using the largest network of over 3150 service stations in Central and Eastern Europe.
ORLEN is also a major player on the electricity market in Poland, with a capacity of 5.1 GW, including 1.7 GWe in modern gas sources and 0.8 GW in RES. In the upstream area, the Group has its own oil and gas resource base of almost 1.3 billion boe (barrels equivalent) at the end of 2022.
Adrian Andrzejewski