Hellenic Petroleum
Hellenic Petroleum is a publicly listed oil and gas company headquartered in Greece. In 2020, it had USD 7.08 billion in revenue and a reported 3,500 employees*. The company operates three refineries and markets and distributes petroleum products in Southeast Europe. It is currently undertaking exploration activities and plans to become a fully integrated company by expanding into oil and gas production.
- Ranking position
- #15 /100
- Total score
- 20.7 /100
- Performance score
- 3.7 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Hellenic Petroleum receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company recently reported more detail on its scope 1 and 2 emissions reductions targets and stated aims to become net-zero by 2050. However, it is undertaking exploration activities and plans to expand into upstream oil and gas production. Moreover, its target to reduce scope 1 and 2 absolute emissions by 30% by 2030 relies, excluding offsets, does not align with its1 .5°C pathway. Although the company has planned for CapEx in renewable energy projects, the amount it has budgeted for this is unlikely to deliver the rate of change required to achieve a low-carbon transition, especially when compared to the relative size of its fossil fuel activities.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Athens, Greece
- Group revenue
- EUR 5.8 billion (USD 7.08 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 3,500
- Scope of activity
- Semi integrated
- Website
- https://www.helpe.gr/en/