INVESTOR RELATIONS
Macro data
Select year
- Monthly
- Quarterly
| Macroeconomic data – average: 2022 | unit | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec |
| Brent crude oil price | $/b | 87.2 | 98.2 | 118.8 | 104.4 | 113.3 | 123.7 | 112.7 | 100.0 | 89.9 | 93.3 | 91.7 | 81.1 |
| Model refining margin (1) | $/b | 3.7 | 2.7 | 10.8 | 20.5 | 24.3 | 34.4 | 18.5 | 14.1 | 16.7 | 31.4 | 19.9 | 14.3 |
| Differential (2) | $/b | 0.9 | 3.6 | 15.4 | 14.7 | 9.5 | 12.5 | 9.9 | 8.1 | 4.2 | 5.7 | 6.7 | 6.3 |
| Model petrochemical margin (3) | EUR/t | 1 230 | 1 162 | 1 106 | 1 456 | 1 399 | 1 343 | 1 212 | 1 169 | 1 087 | 993 | 1038 | 1138 |
| USD / PLN (4) | PLN | 4.02 | 4.01 | 4.32 | 4.30 | 4.39 | 4.39 | 4.69 | 4.67 | 4.79 | 4.89 | 4.60 | 4.42 |
| EUR / PLN (4) | PLN | 4.55 | 4.55 | 4.76 | 4.65 | 4.65 | 4.64 | 4.77 | 4.72 | 4.74 | 4.81 | 4.70 | 4.68 |
| Natural gas price TTF month-ahead | PLN/MWh | 557 | 544 | ||||||||||
| Natural gas price TGEgasDA | PLN/MWh | 460 | 555 | ||||||||||
| Electricity price TGeBase | PLN/MWh | 830 | 782 |
| Macroeconomic data – average: 2022 | unit | 1Q | 2Q | 3Q | 4Q |
|---|---|---|---|---|---|
| Brent crude oil price | $/b | 102.2 | 113.9 | 100.8 | 88.9 |
| Model refining margin (1) | $/b |
6.0 | 26.5 | 16.4 | 22.0 |
| Differential (2) | $/b |
7.8 | 12.3 | 7.4 | 6.4 |
| Model petrochemical margin (3) | EUR/t | 1 166 | 1 405 | 1 155 | 1 056 |
| USD / PLN (4) | PLN | 4.13 | 4.36 | 4.71 | 4.64 |
| EUR / PLN (4) | PLN | 4.63 | 4.65 | 4.75 | 4.73 |
| Natural gas price TTF month-ahead | PLN/MWh | 580 | |||
| Natural gas price TGEgasDA | PLN/MWh | 466 | |||
| Electricity price TGeBase | PLN/MWh | 750 |
(1) Model refining margin = revenues (93,5% Products = 36% Gasoline + 43% Diesel + 14,5% HHO) - costs (100% input: Brent crude oil and other raw materials). Spot quotations. (valid till 31.07.2022)
Model refining margin = revenues (93,6% Products = 33% Gasoline + 48% Diesel + 13% HHO) - costs (100% input: 98% Brent crude oil + 2% natural gas). Spot quotations. (valid from 01.08.2022)
(2) Differential calculated on the real share of processed crude oils. Spot quotations. (valid from 01.01.2022)
(3) Model petrochemical margin = revenues (98% Products = 44% HDPE + 7% LDPE + 35% PP Homo + 12% PP Copo) - costs (100% input = 75% Naphtha + 25% LS VGO). Revenues contract quotations; costs spot quotations.
(4) Average foreign exchange rates according to the National Bank of Poland