Despite this, the company's integrated business model helped mitigate the adverse effects, supported by high production levels in Upstream, strong volumes in Downstream, and growing Consumer Services performance.

The Upstream segment's results declined quarter-on-quarter due to a double-digit decrease in oil and gas prices. However, production remained high, with an average of 93.5 mboepd in Q2 2025. 

In the Downstream segment, performance was lowered by the regional slowdown in demand, but the effect was largely offset by strong production and sales volumes. The Consumer Services segment delivered continued growth, supported by both fuel and non-fuel sales, despite macroeconomic challenges in its core countries.

Zsolt Hernádi, Chairman-CEO of MOL Group, said: “Geopolitical tensions and regional macroeconomic challenges significantly impacted our performance; however, our integrated business model helped us mitigate the impacts. Based on our first-half results, we have reaffirmed our 2025 guidance, albeit the risks to reaching the guidance have increased as the volatility in external conditions have grown since we announced our expectations in February.”

The company is also pursuing a program aiming to generate an annual improvement of $500 million beyond 2027 and is expected to deliver an additional $200 million to the annual downstream strategic EBITDA target.