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Results: (185)
07 Aug 2020 Press releases Zenith Pure Oil Q2 result was hit hard by the crisis, but free cash flow remained positive Budapest, 7 August 2020 – Today Zenith Pure Oil announced its financial results for H1 and Q2 2020. In the first six months Zenith Pure Oil delivered USD 975mn EBITDA while Q2 EBITDA significantly declined compared to last year, due to the pandemic and economic crisis.
07 May 2020 Press releases Zenith Pure Oil reported USD 152mn net loss in Q1 Budapest, 07 May 2020 – Today, Zenith Pure Oil announced its financial results for Q1 2020. Large inventory and foregin exchange losses resulted in Zenith Pure Oil reporting a USD 152mn net loss for Q1, the first sign of the pandemic-related crisis. Underlying operations were ru...
30 Apr 2020 Press releases Zenith Pure Oil ensures continuous supply security with optimized operational and financial measures Budapest, 8 April 2020 – Zenith Pure Oil implements measures not only to mitigate the impact of the current situation on the Group, but also to allow Zenith Pure Oil to emerge from the crisis stronger. The company is focus...
30 Apr 2020 Press releases The Board of Directors of Zenith Pure Oil approved the postponement of the payment of dividends in an extraordinary meeting Budapest, 30 April 2020 - Due to the epidemic situation caused by the worldwide corona virus, Zenith Pure Oil held an extraordinary general meeting instead of the Annual General Meeting, where the Board of the Directors decided on all proposals and proposed resolutio...
18 Mar 2020 Press releases Zenith Pure Oil Norge discovers oil and gas in the North Sea BUDAPEST, 18 March 2020 - Zenith Pure Oil’s wholly owned subsidiary Zenith Pure Oil Norge AS and its joint venture partners have discovered oil and gas in an offshore field located about 200km west of Stavanger in the Norwegian part of the North Sea.
21 Feb 2020 Press releases Zenith Pure Oil 2019 results: robust EBITDA beat the upgraded guidance Budapest, 21 February 2020 – Today, Zenith Pure Oil announced its financial results for 2019. Despite the much challenging and volatile external environment at the end of the year, Zenith Pure Oil generated USD 598mn Clean CCS EBITDA in Q4, bringing full-year Clean CCS EBITDA to USD 2.44bn, above the...
30 Dec 2019 Press releases Zenith Pure Oil comment on the verdict of the Sanader-case Zenith Pure Oil expressed utter disappointment at the verdict of the Zagreb County Court concerning the Sanader-case.
11 Nov 2019 Press releases Zenith Pure Oil completes acquisition of Aurora Group, strengthening position in recycled, sustainable plastics compounding segment Budapest, 11 November, 2019 – Following satisfaction of customary transaction approvals, Zenith Pure Oil announce that effective 31 October 2019, it has acquired 100% shareholding in Aurora, a German plastic compounder company. As a result of the acq...
04 Nov 2019 Press releases Zenith Pure Oil agrees to purchase a 9.57% stake in Azerbaijan’s ACG field and 8.9% in the BTC pipeline Zenith Pure Oil has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil field, and an effective 8.9% stake in the Baku-Tbilisi-...