Annual Report 2018
60 Years Producing Energy
20 Years of HELLENIC PETROLEUM

Segmental Information

Group (amounts in € millions)

Refining, Supply & Trading

2018

2017

2016

2015

2014

Sales

8,682

7,001

5,707

6,644

8,818

Adjusted EBITDA

548

639

536

561

253

Operating profit

411

528

508

117

(371)

Purchase of property, plant and equipment & intangible assets

100

153

95

138

110

Depreciation & amortisation of property, plant and equipment & intangible assets

145

143

154

139

138

Refinery production (MT million)

15.5

15.0

14.8

14.4

13.7

Refinery sales volume (MT million)

16.5

15.9

15.5

14.3

13.5

Average Brent price ($/bbl)

72

55

45

52

99

Benchmark FOB MED Cracking Margin ($/bbl)

5.0

5.9

5.0

6.5

3.4

Average exchange rate (€/$)

1.18

1.13

1.11

1.11

1.33

           

Marketing

2018

2017

2016

2015

2014

Sales

3,329

2,912

2,336

2,712

3,220

Adjusted EBITDA

93

107

101

107

90

Operating profit

36

56

45

55

27

Purchase of property, plant and equipment & intangible assets

45

49

30

26

25

Depreciation & amortisation of property, plant and equipment & intangible assets

45

39

48

49

52

Sales ('000 tonnes)

4,955

5,165

4,668

4,672

4,131

Petrol stations

2,019

2,037

2,013

1,977

1,977

           

Petrochemicals

2018

2017

2016

2015

2014

Sales

315

267

252

263

322

Adjusted EBITDA

100

95

100

93

81

Operating profit

80

91

94

84

64

Purchase of property, plant and equipment & intangible assets

3

1

0

1

1

Depreciation & amortisation of property, plant and equipment & intangible assets

4

4

6

9

12

Sales ('000 tonnes)

279

243

256

221

236


 

31 December 2018

31 December 2017

Total Assets

 

 

Refining

5,072,907

5,100,986

Marketing

1,174,367

1,262,001

Exploration & Production

16,455

5,349

Petro-chemicals

359,703

517,612

Gas & Power

413,642

721,102

Other Segments

1,861,751

1,516,314

Inter-Segment

(1,901,397)

(1,963,289)

Total

6,997,428

7,160,075

 

 

 

Total Liabilities

 

 

Refining

3,090,505

3,412,030

Marketing

593,052

618,744

Exploration & Production

19,530

14,091

Petro-chemicals

(310)

207,250

Gas & Power

10,788

3,483

Other Segments

1,820,412

1,483,475

Inter-Segment

(931,279)

(950,572)

Total

4,602,698

4,788,501

 

 

 

Net Sales

 

 

Domestic

2,924,865

2,746,958

Aviation & Bunkering

1,388,841

1,092,750

Exports

4,173,821

3,021,704

International activities

1,281,628

1,133,278

Total

9,769,155

7,994,690