Orlen S.A. is Poland's largest listed company and the biggest refining and fuel retail group in Central and Eastern Europe, registered at ul. Chemików 7 in Płock and traded on the Warsaw Stock Exchange under the ticker PKN. The Polish state holds 49.9% of the shares, with Nationale-Nederlanden OFE the next largest holder at 5.2%. The group reported revenue of 74.61 billion US dollars for 2025 with 67,809 employees, operates more than 3,400 service stations in seven countries, and says its products reach customers in over 90 countries.
From PKN Orlen to a multi-energy group
The company was created on 7 September 1999 as Polski Koncern Naftowy through the merger of the CPN fuel retail monopoly and Petrochemia Płock, the operator of Poland's largest refinery. Expansion followed in stages: a majority stake in the Czech group Unipetrol from 2005, control of Lithuania's Mažeikių Nafta, now Orlen Lietuva, in 2006, Canadian oil and gas producer TriOil Resources in 2013, and 80% of the power distributor Energa in 2020. The largest steps came in 2022, when Orlen completed its merger with Grupa Lotos on 1 August and absorbed the gas group PGNiG in October. The company adopted the name Orlen S.A. on 3 July 2023 and, after European Commission approval that September, took over the Austrian fuel retailer Doppler with its 266 Turmöl stations. Its brands today include Orlen, CPN, Star, Unipetrol, Benzina, Orlen Lietuva and Turmöl, alongside the VITAY loyalty programme, ORLEN w ruchu convenience stores, ORLEN paczka parcel lockers and the ORLEN Charge electric vehicle network.
Refining and petrochemicals
The refining base covers the Płock complex, the Gdańsk refinery, the Czech sites held through Unipetrol at Litvínov and Kralupy and the Mažeikiai refinery in Lithuania. Downstream output includes petrol, diesel, heating oil, jet fuel, LPG, bitumen, lubricants and petrochemical products such as ethylene, propylene, benzene, glycols, polyethylene, terephthalic acid and butadiene, with the group's business contact directory listing specialist sales teams for each of those product families. Polyolefins are produced through Basell Orlen Polyolefins, a joint venture with LyondellBasell, and the group operates an international trading arm, ORLEN Trading GmbH.
Strategy 2035
In January 2025 Orlen presented Strategy 2035, which it described as the largest investment plan in the history of Polish energy, built around four segments. Upstream and Supply is to raise own gas production from 8.6 to 12 billion cubic metres a year by 2035 and contracted gas volumes from 5 to 15 billion cubic metres while supplying up to 27 billion cubic metres a year to the Polish economy, and to build capacity to capture, transport and store 4 million tonnes of carbon dioxide. Downstream targets a renewable share above 25% of the group's fuel basket and the use of about 210,000 tonnes a year of renewable hydrogen in refining, with recycling capacity rising from 40,000 to 250,000 tonnes. Energy targets 12.8 gigawatts of installed renewables and 1.4 gigawatts of storage, an increase in gas-fired combined cycle capacity from 1.8 to 4.3 gigawatts and 0.6 gigawatts of small modular reactor capacity by 2035. Consumers and Products aims for a 33% share of Poland's electric vehicle charging market, 5,800 additional ultra-fast charging points and 10 million VITAY users.
Transition, investment and returns
Orlen plans to end coal-fired power generation by 2030 and reach emission neutrality in 2050, and in October 2024 it completed the purchase of a 240 megawatt Polish wind and solar portfolio from EDP Renewables. More than 40 billion zloty is earmarked for electricity distribution networks and 20 billion zloty for gas distribution networks under the strategy, alongside offshore wind projects including Baltic Power and ORLEN Neptun. Cumulative capital expenditure between 2025 and 2035 is put at 350 to 380 billion zloty, three quarters of it flexible. The group aims for annual EBITDA growth of about 5.5%, EBITDA of 53 to 58 billion zloty by 2035 and a cumulative result of 500 to 550 billion zloty over the period, and raised its guaranteed dividend for 2025 from 4.30 to 4.50 zloty per share, with an increase of 15 groszy per share each following year.
Governance and contact
Ireneusz Fąfara has been president of the management board since 11 April 2024, with Wojciech Popiołek chairing the supervisory board. The group publishes an annual strategy, sustainability strategy for 2025 to 2035, transition plan, current and periodic stock exchange reports and a dedicated page on the separation of its upstream assets. Media enquiries are handled by the press office on [email protected], with spokesperson Mateusz Witczyński reachable on +48 885 563 830 and the Płock press office on +48 24 256 71 71; data protection queries go to [email protected], and business customers use [email protected] for fuel orders, [email protected] for collection and settlement matters and [email protected] for franchising.