Press Releases

(In accordance with International Financial Reporting Standards)Solid 3Q performance in a weaker environment: Net Ιncome more than doubles to €84m3Q 2007 Reported Consolidated Net Income increased 109% y-o-y to €84m and 9M Net Income grew 23% to €265m, corresponding to...

HELLENIC PETROLEUM S.A. announces that the Concession Agreement for the exploration and production of hydrocarbons in the Mesaha area in Egypt was signed on October 9, 2007 between a consortium consisting of MELROSE RESOURCES, HELLENIC PETROLEUM and OIL SEARCH, the...

Record 2Q performance: Net income up 24% to €127m.2Q Reported Consolidated Net Income increased 24% y-o-y to €127m and 1H 2007 Net Income grew 4% to €181m, corresponding to €0.41 and €0.59 per share (EPS), respectively. Adjusting for inventory effects...

In line with its stated strategy to expand its power generation and trading portfolio in cooperation with partners, HELLENIC PETROLEUM SA announces the signing of a Memorandum οf Agreement (MOA) to create a strategic alliance with EDISON SpA, Italy’s second...

HELLENIC PETROLEUM S.A. announces that in Egypt today a contract was signed granting hydrocarbon exploration and exploitation rights in West Obayed.The contract was signed on behalf of Egypt by the country’s petroleum minister, Eng. Sameh Fahmy and the chairman of...

(In accordance with International Financial Reporting Standards) Improved operating profitability:“Clean” net income up 15% Q1 2007 Reported Consolidated Net Income was €55m, corresponding to €0.18 per share (EPS). Adjusting for inventory effects, “Clean” Net Income was up 15% y-o-y to...

Reported net income of €260m, FY06 DPS of €0.43 and “clean” net income up 45%, despite the adverse global refining environment2006 Consolidated Net Income reached €260m, corresponding to €0.85 per share (EPS). Adjusting for inventory gains/losses, “clean” net income rose...

In view of Greece’s adoption of European Union directives on fuels which are essentially sulphur-free, the Board of HELLENIC PETROLEUM S.A. today agreed to upgrade the Thessaloniki Refinery, making it capable of producing fuel with strict environmentally-friendly specifications. The project...

Hellenic Petroleum S.A. (“Hellenic Petroleum” or the “Company”) announces that it has mandated four international and three Greek financial institutions to act as Mandated Lead Arrangers for a US$ 800,000,000 syndicated credit facility. The four international financial institutions will also...

Hellenic Petroleum S.A. reports a new natural gas discovery in the well C1-NC210. The well, drilled by Woodside Energy (NA) Ltd., is located in the Murzuq Basin approximately 1000 Km south of Tripoli and 150 Km south of the producing...

The Egyptian Ganoub El Wadi Petroleum Holding Company (“GANOPE”) announced the results of the International 2006 Bid Round -1 for new concessions in Egypt. Hellenic Petroleum S.A., in order to develop further its Exploration & Production portfolio, participated in this...

Comparable “Clean” EBIT up 28% despite negative international refining environment Hellenic Petroleum Group reported nine-month Consolidated Net Income of €215 million, corresponding to €0.70 per share (EPS). Third quarter Consolidated Net Income amounted to €40 million, impacted by the negative...

Operations-driven profitability improvement leads to 24% increase in Net Income despite weaker environment Hellenic Petroleum Group reported first half Consolidated Net Income of €175 million, up 24%, corresponding to €0.57 per share (EPS). Second quarter Consolidated Net Income amounted to...

HELLENIC PETROLEUM S.A. announced today to the Athens Stock Exchange an agreement whereby the company will take a 25% stake in BIODIESEL S.A., which is to build a biodiesel plant in Greece. The plant will have an annual capacity of...

Hellenic Petroleum S.A., following relevant statements from the consortium operator this morning, announced to ASE that the A1-NC210 exploration well being drilled by Woodside Energy (N.A.) Ltd., (Contractor of the consortium with Hellenic Petroleum and Repsol YPF) in NC210 in...