Mol Sees Growing Dividends as Reliance on Motor Fuels Declines
- Board approves corporate long-term strategy through 2030
- Mol to boost share of non-fuel products, petchem investments
This article is for subscribers only.
Mol Nyrt. expects to steadily increase payouts to shareholders as part of a long-term strategy that sees the Hungarian refiner focusing more on chemicals and less on motor fuels than in the past.
While the Budapest-based company still aims to augment its fuel market share in central and eastern Europe, it also plans to boost the ratio of non-motor fuel products. Investment in petrochemicals will also rise in the next decade and a half, according to the strategy published on the website of the Budapest Stock Exchange on Friday.