Orlen S.A. (PKN.WA)
| Previous close | 66.90 |
| Open | 67.08 |
| Bid | 66.82 x N/A |
| Ask | 66.85 x N/A |
| Day's range | 66.76 - 67.72 |
| 52-week range | 54.43 - 71.72 |
| Volume | |
| Avg. volume | 2,299,341 |
| Market cap | 77.62B |
| Beta (5Y monthly) | 0.69 |
| PE ratio (TTM) | 6.76 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 5.50 (8.22%) |
| Ex-dividend date | 09 Aug 2023 |
| 1y target est | N/A |
- Reuters
Orlen scraps Venezuela oil deals after heavy losses - source
WARSAW (Reuters) -Polish oil refiner Orlen has cancelled contracts to buy Venezuelan oil and refined products after losing more than $400 million on prepayments for deliveries it never received, a company manager said on Tuesday. Oil and tanker charter contracts put in place by the Swiss based unit Orlen Trading Switzerland (OTS) were scrapped as tankers weren't loading and a U.S. sanctions window was about to close, the person said. The U.S. Treasury Department in October issued a licence lifting sanctions on Venezuela's oil production and exports through mid-April, prompting trading houses to buy cargoes from little known intermediaries registered as customers of state company PDVSA.
- Reuters
Polish refiner Orlen wants former management probed, radio report says
The new management team of Polish refiner Orlen has asked prosecutors to probe its accusations that former members of the management and supervisory boards of the company acted against its interests, private Radio Zet reported on Monday. The investigation, requested in a motion to prosecutors, would be the latest related to the company, after prosecutors started examining whether it artificially lowered prices ahead of a 2023 election and sold assets at below fair value. Radio Zet recently reported that Polish special services were investigating whether Orlen Trading Switzerland (OTS), a unit of the refiner, had breached sanctions on the import of oil from Russia or Iran.
- Reuters
Poland investigating if Orlen unit breached oil sanctions, report says
Polish special services are investigating if Orlen Trading Switzerland, a unit of Polish refiner Orlen, breached sanctions on the import of oil from Russia or Iran, private broadcaster Radio Zet reported on Thursday. The investigation would be the latest probe to target the state-controlled company, after prosecutors started examining whether it artificially lowered prices ahead of a 2023 election, creating losses, and sold assets at prices at below their fair value to acquire a smaller peer, Lotos. Orlen did not breach any sanctions, the company said in an emailed response to Reuters' questions on Thursday.
