Créer de la valeur (document en anglais)

As a result of our strategic review, we have identified the

following key ingredients for success:

Value Creation

Our objective is to maximise shareholder value. To

deliver this we are striving to maximise the Group’s longterm

profit and cash flow, ensuring returns that exceed

the cost of capital. We aim to provide competitive

shareholder returns and ensure stable operations and

growth in the long run.

Focus

We focused our portfolio on the most profitable elements

of the energy value chain, by identifying business

segments providing significant contributions to the

Group and by further strengthening existing competitive

advantages.

Efficiency

We intend to add further value by improving capital efficiency,

reducing controllable costs and by re-engineering

operating processes.

Growth

To continue to grow the value of our company, we aim

to build on our significant organic growth opportunities

by becoming the leading catalyst for consolidation in

the region, striving for excellence and achieving performance

levels in the upper quartile of the sector.

Safety and the Environment

We endeavour to provide safe working conditions for

our employees and a healthy environment around us.

In developing our technological processes, products

and services we will therefore focus on sustainable and

long-term growth.

Human resources

Emphasising value creation we will focus on the goaloriented

development of our organisational culture and

of our skills and competencies, through improved

knowledge management and the application of appropriate

incentive remuneration schemes.

INTRODUCTION The MOL Group is a leading integrated oil and gas group

in Central and Eastern Europe and the largest company in

Hungary by net sales revenues.

The core activities of the Group include:

• exploration and production of crude oil, natural gas and

gas products

• refining, transportation

...