Central European integrated: refining (Hungary Duna, Slovakia Slovnaft, Croatia INA), ~2,400 retail stations and petrochemicals; upstream in Central Europe, UK North Sea, Azerbaijan ACG, Kazakhstan and Egypt.
Solid balance sheet (net debt/EBITDA ~0.9x) and a steady ~7% dividend yield; the key risk is Druzhba/Russian-crude exposure feeding the Duna and Slovnaft refineries, plus weak petrochemical margins. Flags: refining-dominated, upstream declining and a minority of EBITDA.
Its EV/EBITDA of 2.8x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 8.9% is higher than the 6.5% median, and at $38.57/boe of proved reserves it is richer than the $13.51/boe median.
On a balanced screen across the universe, MOL Group scores 49/100, strongest on valuation (65/100). Sub-scores: value 65, quality 26, growth 36, risk 38 (higher = riskier).
MOL Group holds approximately 0.28 billion boe of proved (1P) reserves with FY2025 production of about 95 thousand boe/d (48% liquids), a reserve life of roughly 8.1 years. Break-even: n/a (refining/retail-led; upstream a minority) — MOL is a downstream-led Central European integrated; upstream E&P is a minority of earnings.
For MOL Group, no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| Central Europe (HU/HR) | 45% | 14 | OECD; windfall taxes, Russia energy dependence politics. |
| Azerbaijan | 25% | 64 | Autocratic; pipeline geopolitics, Nagorno-Karabakh conflict overhang. |
| United Kingdom | 12% | 19 | Stable but EPL windfall tax raised North Sea fiscal burden. |
| Other | 10% | 50 | diversified/unspecified exposure — universe-average proxy |
| Kazakhstan | 8% | 64 | Export-route (CPC) dependence on Russia, contract disputes. |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| Azerbaijan ACG/Shah Deniz | Azerbaijan | Offshore oil/gas | upstream stake |
| UK North Sea (Catcher/Scott) | United Kingdom | Offshore oil | non-op |
| Hungary/Croatia upstream | Hungary/Croatia | Onshore oil/gas | legacy |
| Kazakhstan | Kazakhstan | Oil | upstream |
| Duna refinery | Hungary | Downstream | flagship |
| Slovnaft (Bratislava) | Slovakia | Downstream | refinery |
| INA (Rijeka) | Croatia | Downstream | refining |
| Retail (~2,400 stations) | Central Europe | Marketing | fuels retail |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 113 | 96 | 94 | 92 | 95 |
| Proved reserves (bnboe) | 0.36 | 0.34 | 0.33 | 0.31 | 0.28 |
| Revenue ($bn) | 18.5 | 31.0 | 24.0 | 21.0 | 27.0 |
| EBITDA ($bn) | 2.8 | 3.9 | 3.5 | 2.9 | 3.8 |
| Net income ($bn) | 1.4 | 2.8 | 1.5 | 1.0 | 0.9 |
| Free cash flow ($bn) | 1.0 | 0.5 | 1.2 | 0.7 | 0.8 |
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✓ FY2025 figures verified against primary sources: