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Orlen S.A. (formerly Polish: Polski Koncern Naftowy Orlen Spółka Akcyjna, PKN Orlen SA., lit. 'Polish Oil Concern Orlen Public Corporation'), commonly known as Orlen , is a Polish multinational oil refiner , petrol retailer and natural gas trader headquartered in Płock , Poland.
Orlen Unipetrol is a Czech joint stock company owned by the Polish oil company Orlen. The company is engaged in crude oil processing and the production, distribution, and sales of fuels and petrochemical products – mainly plastics and fertilisers – in the Czech Republic and the Central European region .
PKN Orlen headquarters in Płock. This article lists the largest Poland-owned companies in terms of their revenue, net profit, total assets, market value and employees number according to the French credit insurer Coface, the American business magazines Forbes and Fortune as well as the Polish WIG20 stock market index.
On 14 July 2020, PKN Orlen announced its intention to take over PGNiG, and on 10 May 2021, it submitted a takeover application to the Office of Competition and Consumer Protection. [ 53 ] [ 54 ] In September 2021, PGNiG bought Ineos ' oil and gas business in Norway in a $650 million deal.
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It is owned by PKN Orlen, and is one of the two major crude oil refineries in Poland, the other one is Gdansk refinery. The refinery has a Nelson complexity index of 9.5 and a capacity is 16.3 million tonnes per year or 276,000 barrels per day of crude oil.
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Bank of America analyst Vivek Arya reiterated his Buy rating on the stock with a price target of $190 a share in a note to clients on Tuesday, noting that "cloud capex intentions remain solid."