|Bid||73.40 x N/A|
|Ask||69.18 x N/A|
|Day's range||70.80 - 73.84|
|52-week range||61.14 - 91.20|
|Beta (5Y monthly)||0.73|
|PE ratio (TTM)||4.50|
|Earnings date||27 Apr 2022 - 02 May 2022|
|Forward dividend & yield||3.50 (4.70%)|
|Ex-dividend date||21 Jul 2021|
|1y target est||83.22|
PKN Orlen has been working for the last 4-5 years to diversify its supplies and Russian crude accounts for half of the throughput at its Plock refinery, it said. Obajtek added PKN Orlen was also ready to process Iranian oil should the sanctions against Iran be lifted. PKN Orlen operates refineries in the Czech Republic, Lithuania and Poland.
WARSAW (Reuters) -Poland's largest refiner PKN Orlen said it was continuing to buy Russian crude oil to ensure the security of supplies, as some European buyers shunned Russian barrels over Moscow's invasion of Ukraine. The conflict has pushed the United States and some Western oil firms to stop buying Russian oil amid talk of potential supply from Iran, Venezuela and the United Arab Emirates. "For the Orlen Group, the priority is to ensure the continuity of operation of our European refineries and the energy security of Poland and the entire region, including Lithuania, Latvia, Estonia, the Czech Republic and Slovakia," the company said in an email to Reuters.
Saudi Arabia’s planned purchase of Polish refining assets is set to put OPEC's top producer in charge of two thirds of Poland's oil supply, eroding previously dominant supplier Russia's leverage as it grapples with regional tension. Poland has a long history of seeking to reduce its dependence on Russian energy imports through deals with alternative suppliers and its determination has grown as relations have worsened. The mood between Poland and Russia had already darkened over oil supplies early in 2021 when Poland had to cut its oil purchases from Russia because of a price row between Russia's Rosneft and Poland's PKN Orlen.