29 Nov 2018

MOL Group double win at 2018 Petroleum Economist Awards

  • MOL recognized as the Energy Company of the Year – Mid Cap for its leadership in adapting to the fossil fuel peak demand age.
  • Péter Ratatics won the Future Leader award for its visionary approach to retail transformation.
  • Petroleum Economist Awards is an annual competition honoring leaders in the global energy industry.

Budapest, 29 November 2018 – MOL Group was awarded two recognitions at the 2018 Petroleum Economist Awards, a prestigious annual competition honoring the global energy industry's most successful firms, projects and innovations. The event gathered in London leading companies and executives from the international oil and gas industry.

MOL entered two categories, Future Leader and Energy Company of the Year – Mid Cap. Péter Ratatics, Group Consumer Services EVP, won the Future Leader category, while the company won the category Energy Company of the Year – Mid Cap. Both awards reflected not only the MOL’s professional leadership, but the success of the company and its future vision defined in MOL Group 2030 Strategy.

Energy Company of the Year – Mid Cap was a competitive category with three other important companies being considered. The judging panel were impressed by how MOL has leveraged its position as a market leader setting the pace for a shifting industry. Another aspect for which MOL was recognized was its forward-looking mobility strategy that includes car sharing, electric mobility and solutions for public transport in cities.

Péter Ratatics’ role in leading the development and execution of MOL’s strategic plan to transform the company’s retail business to a broader consumer goods and services provider resulted in him winning the category Future Leader. The key to Péter Ratatics’ success has been his ability to think out of the box and a clear vision of MOL’s future beyond the fuel age.

Other companies boasting success at the awards included Tesla, who won the Cleaner Energy Initiative of the Year Award for their gigafactory in Nevada, being the world's largest lithium ion battery factory. Total won the Energy Company of the Year - Large Cap Award, while ENI received the Exploration Company of the Year Award.