Press Releases

Strong operating profitability in the 1st half of 2009Adjusted 2Q09 Net Income up 4% Key figures for the 3- and 6-month period to 30 June 2009 are:EBITDA 1H09: €251m (1H08: €335m) 2Q09: €159m (2Q08: €211m)Adjusted EBITDA 1H09: €215m (1H08: €173m)...

HELLENIC PETROLEUM S.A. agreed today to acquire BP’s Ground Fuels business activities in Greece. The deal excludes lubricants, aviation fuels and the solar business. The agreement, which is subject to the approval of the relevant authorities, includes BP’s nationwide network...

Strong operating profitability in the 1st quarter of 2009 Key figures for the 3-month period to 31 March 2009 are:• EBITDA €92m (1Q08: €123m)• Adjusted EBITDA €114m (1Q08: €53m)• Net Income €34m (1Q08: €92m)• Adjusted Net Income €51m (1Q08: €47m)...

• FY08 adjusted EBITDA at €513m (FY07: €458m), up 12%• FY08 adjusted Net Income at €216m (FY07: €232m), down 7%• 4Q08 adjusted EBITDA at €143m (4Q07: €66m), up 117% y-o-y• 4Q08 adjusted Net Income at €35m (4Q07: €6m) 2008 in...

Strong underlying profitability in the three month period to 30 September, due to significantly improving refining margins, operational improvements and a good performance from our non-refining business portfolio. On a “clean” basis (ie adjusting for inventory effects and one-off items)...

Following the announcement on 22 September 2008, Hellenic Petroleum S.A. announces that, after obtaining all regulatory approvals, it sold today its 20% participating interest in a Libyan oil and gas exploration license to the Franco-Belgian GDF Suez. This transaction is...

Following the announcement on 19 June 2008, Hellenic Petroleum S.A. announces that, after obtaining all regulatory approvals, it acquired today a 100% stake in Opet Aygaz Bulgaria EAD (“OAB”), which operates a network of 17, newly-built petrol stations, located in/around...

Hellenic Petroleum is pleased to announce today the agreement to sell its 20% participating interest in a Libyan oil and gas exploration license. Hellenic Petroleum, together with Woodside (45%) and Repsol (35%), participates with a 20% stake in a consortium...

2Q8 Net Income grew 3% to €130m, bringing the total for 1H08 to €227m, up 25%.Poor refining margins and adverse FX backdrop were offset by inventory gains, improved refinery yields, continued strength in Marketing, in Power & Gas and tight...

Hellenic Petroleum S.A. and Edison SpA, Italy’s second largest electricity producer and gas distributor, announce today the signing of their final agreement for a strategic alliance in the sector of power generation and trading. This alliance will take the form...

HELLENIC PETROLEUM S.A. announces today the acquisition (subject to the approval of the relevant competition authorities) of 100% of Opet Aygaz Bulgaria EAD (“OAB”), which operates a network of 17, newly-built petrol stations, located in/around major Bulgarian cities, where demand...

STRENGTHENING OF THE COMPANY’S POSITION IN THE PVC MARKET HELLENIC PETROLEUM S.A. and INEOS ChlorVinyls have signed an agreement for HELLENIC PETROLEUM to market and distribute INEOS’s Suspension PVC resins in Greece. This agreement strengthens the position of HELLENIC PETROLEUM...

Net Income up by 77% to €97m in a difficult and volatile enviroment. Despite the weak margins enviroment, our refining business benefits from crude oil price increase while other businesses deliver improved perfomance. First Quarter results are up as the...

Strong FY07 performance:Net income grew 35% to €351m in an overall positive environment FY 2007 Net Income grew 35% to €351m, corresponding to €1.15 per share (EPS), while Group Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 23% to...

HELLENIC PETROLEUM S.A. announces that the CEO, Mr. Panos Cavoulacos handed in his resignation to the Chairman of the BoD, Mr. E. N. Christodoulou, who thanked him, in the meeting of the Board of Directors that took place today, for...