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Hungary's Mol Group Reports YOY Rise in Upstream Production

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Hungary-based integrated oil and gas company Mol Group on Friday reported average hydrocarbon production of 95,600 barrels of oil equivalent per day, up from 93,400 boe/d in the corresponding period last year.

"Production remained stable at [95,600 boe/d] despite the impact of the prolonged shutdown in the Kurdistan Region of Iraq. Higher production levels in Hungary, Azerbaijan and Pakistan partly offset lost Iraqi volumes," the company said in its earnings statement.

For the quarter ended Q2, crude oil output was reported at 38,600 boe/d, down from 41,000 boe/d last year, while natural gas production averaged 36,400 boe/d for the period, which compares to 34,700 boe/d in Q2 2025.

In Q2, condensates output fell to 3,600 boe/d from 3,800 boe/d last year.

Among downstream operations, the company reported total crude oil product sales of 4,616 kilotons in the second-quarter, which compares to 5,167 kt in the year-ago period.

Total refinery throughput for the quarter stood at 4,042 kilotons in Q2, dropping from 4,687 kt in Q2 2025.

In Q2, the downstream division reported net sales revenues of $8.42 billion for the second quarter, compared to $4.96 billion a year ago, while the upstream division generated net sales revenues of $630 million, up from $464 million last year.

Total net sales revenues stood at $12.60 billion in Q2, up from 8.51 billion in Q2 2025.

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