Mol Magyar Olaj Es Gazip (MOLFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to MOL's second quarter 2026 results conference call. I am Márton Teremé, Head of Investor Relations. The speakers on today's call are Dr. György Bocsa, Chief Strategic Officer, Dr. Ákos Székely, Chief Financial Officer, Mr. Zsombor Marton, Executive Vice President of Upstream, Mr. Gabriel Szabó, Executive Vice President of Downstream, Mr. Péter Ratatich, EVP of Consumer Services and Mr. Csaba Bozóki, Director of Institutional Waste Management at Circular Economy Services. Before giving the floor to the speakers, let me highlight some technical details. We will use Microsoft Teams as a platform to hold our conference call. The presentation is accessible at our website at molgroup.info and slides will be shared in Teams during the call as well. There will be a Q&A session after the presentation where you will have the chance to ask questions by using the raise your hand function on Teams. Very important that please keep yourself muted throughout the call except when asking a question. I would now like to draw your attention to the cautionary statement on slide number two. And now we can start the content part with Dr. George Butcher. Taking us through the highlights of the second quarter. Good morning. So let's start with an overview of Moorbrook's results. Broadly, we have seen increasing volatility in the environment, which eventually resulted in an outstanding market environment, especially for the upstream and downstream sectors in the oil and gas business generally and in more regions specifically as well. The group clean CCS Evida reached nearly $1.3 billion in this quarter. It's heavily supported by the elevated oil and gas prices, and it's represented or it's reflected in the upstream and the downstream results, ...