HelleniQ Energy (formerly Hellenic Petroleum) Overview
Pro stress-test →Hellenic Petroleum is a Greece-based energy company operating refining and marketing of oil products, production and marketing of petrochemical products, and exploration for hydrocarbons, with operations predominantly across Greece, Southeastern Europe, and the East Mediterranean. Through investments in DEPA and Elpedison, the company also operates in natural gas and electricity generation and trading.
Strategic Profile
Pro stress-test →The company, now operating as HelleniQ Energy, has set an ambitious renewable energy portfolio target of 1 GW by 2026 and a longer-term goal of 2 GW by 2030. The energy group's renewable capacity has grown at an annual rate of 400 percent over the past four years and is positioned to end 2026 with 500 MW capacity, up from 28 MW in 2021.
Competitive Landscape
Pro stress-test →Hellenic Petroleum competes within the integrated Oil & Gas sector alongside major international players such as BP, Petrobras, and Equinor. Regional competitive advantage derives from integrated refining and growing renewable assets, though faced with commodity price exposure and transition headwinds typical of integrated energy companies.
Industry Context
HelleniQ Energy (formerly Hellenic Petroleum) operates in Oil & Gas Integrated (Energy Sector).
Key facts
Headquarters: Athens, Greece · Employees: 3,734 · Revenue: EUR 11.61B · Market cap: EUR 3.0B