Revenue by Segment

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Exploration and Production	530.30M	523.11M	582.27M	892.43M	515.87M
Exploration and Production Growth	1.38%	-10.16%	-34.76%	72.99%	78.00%
Refining & Marketing Including Consumer Services and Retail	3.72B	3.78B	3.82B	4.57B	2.92B
Refining & Marketing Including Consumer Services and Retail Growth	-1.37%	-1.20%	-16.35%	56.68%	55.53%
Corporate and Other	174.80M	251.68M	219.72M	181.04M	179.10M
Corporate and Other Growth	-30.55%	14.55%	21.37%	1.08%	-12.37%
Intersegment Transfers and Consolidation Adjustments	-593.60M	-673.83M	-727.06M	-981.32M	-630.04M
Total	3.84B	3.88B	3.90B	4.66B	2.98B
Total Growth	-1.07%	-0.51%	-16.40%	56.36%	52.16%

Revenue by Geography

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Republic of Croatia	2.60B	2.64B	3.13B	1.76B
Republic of Croatia Growth	-1.70%	-15.61%	77.45%	50.93%
International	143.38M	42.09M	108.17M	275.57M
International Growth	240.64%	-61.09%	-60.75%	92.81%
Bosnia and Herzegovina	508.31M	503.85M	608.79M	360.06M
Bosnia and Herzegovina Growth	0.89%	-17.24%	69.08%	48.22%
Hungary	156.94M	205.57M	205.82M	271.58M
Hungary Growth	-23.66%	-0.12%	-24.21%	26.72%
Slovenia	89.58M	21.39M	45.50M	35.53M
Slovenia Growth	318.81%	-53.00%	28.08%	-
Malta	82.50M	59.11M	23.94M	54.29M
Malta Growth	39.57%	146.90%	-55.90%	-
Great Britain	77.96M	117.96M	254.19M	95.14M
Great Britain Growth	-33.91%	-53.59%	167.18%	252.08%
Montenegro	66.32M	62.00M	71.24M	45.37M
Montenegro Growth	6.97%	-12.97%	57.01%	33.29%
Switzerland	52.88M	106.06M	15.63M	-
Switzerland Growth	-50.14%	578.52%	-	-
Egypt	45.31M	45.26M	53.18M	35.13M
Egypt Growth	0.11%	-14.89%	51.38%	-
Italy	18.13M	14.54M	53.41M	44.84M
Italy Growth	24.65%	-72.77%	19.11%	20.05%
Slovakia	17.09M	1.06M	-	-
Slovakia Growth	1507.62%	-	-	-
Germany	12.41M	12.30M	29.01M	-
Germany Growth	0.93%	-57.60%	-	-
Spain	5.71M	3.68M	-	-
Spain Growth	55.02%	-	-	-
Sweden	3.35M	1.60M	-	-
Sweden Growth	109.24%	-	-	-
Serbia	986.00K	30.40M	25.00M	-
Serbia Growth	-96.76%	21.62%	-	-
Albania	158.00K	29.14M	37.98M	-
Albania Growth	-99.46%	-23.28%	-	-
Total	3.88B	3.90B	4.66B	2.98B
Total Growth	-0.51%	-16.40%	56.36%	52.16%

Source: S&P Global Market Intelligence.