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ORLEN Group 2016 Integrated Report

II nagroda specjalna w kategorii Raport Zintegrowany | Najlepszy raport on-line

ORLEN Group 2016

Capitals:  

PKN ORLEN is the parent of an international oil and energy group, the largest company in Central and Eastern Europe, and the only Polish company included in the prestigious ‘Fortune 500’ list of the world’s largest companies.

The Group owns state-of-the-art integrated infrastructure capable of processing more than 30 million tonnes of various crude oils per annum, marketing its products through the CEE region’s largest network of over 2,700 modern service stations. The Group’s offering encompasses over 50 top-quality petrochemical and refining products sold in more than 80 countries. As part of the efforts to expand its power business, the Company has undertaken two CCGT projects, in Włocławek and Płock, which are currently nearing completion. The Group’s upstream assets include 2P oil and gas reserves estimated at close to 114 million boe at the end of 2016.

In 2016 the company has accomplished the largest market capitalisation on the Warsaw Stock Exchange, and most valuable Polish brand, worth PLN 3.9bn. PKN ORLEN is the only company in its region to be included for the fourth consecutive time in the list of The Most Ethical Companies by the US-based Ethisphere Institute.


Largest companies in Central Europe*

* Source: Raport Central Europe Top 500, Deloitte

2. PKN ORLEN shareholders1

  • Listed on the WSE since 1999
  • Indices: WIG, WIG20, WIG30, WIG-Poland, WIG-PALIWA, RESPECT
  • Market capitalisation at the end of 2016: PLN 36.5bn

1) Based on disclosures for the PKN ORLEN Extraordinary General Meeting of January 24th 2017


Upstream Segment

 1) Barrel of oil equivalent
 2) Proven & probable reserves


Downstream Segment

 3) The refinery in Paramo does not process crude oil


 

Retail Segment


2016 highlights

*Before impairment losses on assets of PLN 0.2bn, mainly including PLN 0.3bn in reversals of impairment losses on Unipetrol’s refining assets, and PLN (0.1)bn in impairment losses on ORLEN Oil’s assets and ORLEN Upstream’s Polish assets
**Barrel of oil equivalent

More: ORLEN in figures


 

TOP 10 poducts based on share of revenue

  PLN
DIESEL FUELS 34 078M
GASOLINES 20 446M
HEAVY HEATING OIL 2 317M
LPG 1 905M
JET A-1 1 802M
PTA 1 571M
ETHYLENE 1 159M
LIGHT HEATING OIL EKOTERM 1 139M
BITUMENS 1 101M
POLYVINYL CHLORIDE 996M

 

Links between business segments

Key events in 2016

2016

JANUARY

  • The Czech subsidiary Unipetrol announces the acquisition of 68 service stations in the Czech Republic from OMV Read more >>
  • First power fed into the national grid from the CCGT unit in Włocławek
  • The 463 MWe CCGT unit comes onstream in Włocławek Read more >>
  • Changes in the Supervisory Board of PKN ORLEN Read more >>

FEBRUARY

  • Photovoltaic modules are installed under a pilot project at 11 service stations in Poland
  • Changes in the Management Board of PKN ORLEN Read more >>
  • For the fifth consecutive time PKN ORLEN wins the coveted title of the Top Employer in Poland

MARCH

  • PKN ORLEN Management Board resolves to recommend to the Annual General Meeting a dividend distribution from the 2015 profit of PLN 2.00 per share
  • PKN ORLEN launches a pilot CCTV scheme at a fuel depot and adopts RFID (Radio Frequency IDentification) technology to track rail wagons under its management Read more >>
  • For the third year running, PKN ORLEN is awarded the prestigious title of The World’s Most Ethical Company by an international panel of experts at the US Ethisphere Institute Read more >>

APRIL

  • Winners are selected in the first global crowdsourcing competition held by a Polish company, initiated to find an optimum technology solution for the efficient recovery and utilisation of low-temperature heat from distillation columns Read more >>
  • Unipetrol signs a contract with the Czech pipeline operator Mero, setting new rates for oil transmission Read more >>

MAY

  • Fitch Ratings affirms PKN ORLEN's long-term credit rating at BBB-, with a stable outlook Read more >>
  • PKN ORLEN and Saudi Aramco sign a contract for crude oil supplies to the Company's refineries Read more >>
  • PKN ORLEN and PERN SA sign a letter of intent to work out an optimal solution to improve the efficiency of fuel supplies to the Warsaw agglomeration

JUNE

  • PKN ORLEN signs an annex to the contract with the Rosneft Oil Company for crude oil supplies to Unipetrol in the Czech Republic Read more >>
  • Unipetrol launches its new project to build a polyethylene unit (PE3) in Litvínov Read more >>
  • ORLEN Capital AB, PKN ORLEN's subsidiary, issues eurobonds Read more >>
  • PKN ORLEN and PKO Bank Polski sign a letter of intent to declare their intention to cooperate on offering co-branded products for customers at PKN ORLEN's service stations
  • A new mobile payment system, mFlota, is launched, enabling customers at ORLEN-branded service stations to pay for fuel at the pump
  • PKN ORLEN holds an Annual General Meeting Read more >>
  • Appointments are made to the PKN ORLEN Supervisory Board for a new term Read more >>

JULY

  • PKN ORLEN signs an annex to the contract for the construction of a CCGT unit in Włocławek with the building consortium of General Electric and SNC-LAVALIN POLSKA Read more >>
  • PGNiG and ORLEN Upstream sign a letter of intent concerning joint exploration, appraisal and production of hydrocarbons in new areas in Poland Read more >>
  • ORLEN Upstream Sp. z o.o. of Warsaw (the surviving company) is merged with ORLEN Upstream International B.V. of Amsterdam (the target) Read more >>

AUGUST

  • PKN ORLEN and ELEKTROBUDOWA sign a turnkey contract for engineering, procurement and construction of a metathesis unit at the Płock plant
  • Fitch Ratings upgrades PKN ORLEN's national credit rating from 'A-(pol)' to 'A(pol)'

SEPTEMBER

  • PKN ORLEN and PGNiG sign a contract for gas fuel supplies to the ORLEN Group in Poland
  • Changes in the Supervisory Board of PKN ORLEN Read more >>

OCTOBER

  • FX Energy (PKN ORLEN's upstream subsidiary) and PGNiG launch natural gas production from the Karmin field in the Poznań province Read more >>
  • The Kralupy refinery resumes operation after the failure of the fluid catalytic cracker

NOVEMBER

  • Unipetrol signs a contract with Croatia's Jadranski Naftovod for the transmission of crude oil via the Janaf pipeline
  • The extension option is exercised via a contract with Saudi Aramco for crude oil supplies to the Company's Polish, Czech and Lithuanian refineries Read more >>
  • Tests of an innovative technology for removing volatile organic compounds from polluted air streams are run at PKN ORLEN's Płock facilities

DECEMBER

  • PKN ORLEN unveils its growth strategy for 2017−2021 Read more >>
  • PKN ORLEN buys crude oil from the National Iranian Oil Company Read more >>
  • PKN ORLEN signs an annex to a contract with Tatnef Europe AG for crude oil supplies to its Litvínov refinery Read more >>
  • PKN ORLEN launches 'Innovations, Start-ups', an online cooperation and knowledge-sharing platform devoted to new technologiesRead more >>