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Commodities

MOL Group Posts $786 Million Profit Amid High Oil Prices

Guavy AI Editorial Team
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Oil Natural Gas
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The MOL Group, an energy company, reported a significant profit in Q2 2026. The group's post-tax profit reached $786 million due to high oil and natural gas prices. CEO Zsolt Hernádi highlighted the volatility of 2026 but emphasized MOL's ability to adapt.

The Upstream segment benefited from favorable prices, with an average price of $93/barrel of oil equivalent. However, activities in Kurdistan were halted during this period. The Downstream segment showed improved results, while the Consumer Services division suffered due to fuel price cap regulations.

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