Hellenic Petroleum - Positive Q120 results despite market conditions
Hellenic Petroleum (ELPE) reported that Q120 production was 8% higher than Q119 while adjusted EBITDA increased 4% to €128m. Lower oil prices in...
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Hellenic Petroleum - A flexible refiner in a turbulent time
Hellenic Petroleum (ELPE) saw a weaker than anticipated Q419 due to the lowest system benchmark margins since Q313. In addition, the Elefsina...
626 Views
Hellenic Petroleum - Improved environment, new strategy drive growth
Following a weak H119 due to an unfavourable trading environment for refineries, Hellenic’s profits picked up in Q3. We continue to expect strong...
716 Views
Hellenic Petroleum - Support from Q3 refinery margin rise and IMO 2020
Following a 25% EBITDA decline year-on-year in H119, we expect a 55% recovery in refinery margins in Q3 to support a significant recovery in H2...
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Hellenic Petroleum - A look ahead at 2019 after strong Q3 beat
Hellenic Petroleum (ELPE) demonstrated exceptionally strong margin over-performance ($7.3/bbl) versus the benchmark in Q318, with group adjusted...
43 Views