Neste Corp (Neste) is an oil refining and marketing company that offers advanced and clean traffic fuels. It produces and sells gasoline; diesel fuel; aviation fuel; heating oil; light and heavy fuel oil; base oils; gasoline components; specialty fuels; solvents; liquid petroleum gas (LPG), bitumen and renewable diesel. The company undertakes direct sales and marketing of petroleum products around the Baltic region. It has operations in Finland, Northwest Russia, Estonia, Latvia and Lithuania. It also exports oil to other global markets, which include the US, Sweden, Canada, Germany and the UK. The company markets its products to oil companies and companies that market oil, fuels, lubricants and other special products. Neste is headquartered in Espoo, Finland.

Headquarters Finland

Address Keilaranta 21, Espoo, 02150


Telephone 358 10 45811

No of Employees 5,501

Industry Energy and Utilities

Ticker Symbol & Exchange NESTE (HEL)

Revenue (2021) $17.9B 28.9% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 148.9% (2021 vs 2020)

Market Cap* $35.5B

Net Profit Margin (2021) XXX 93.1% (2021 vs 2020)

* As of and is in US$

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Tenders & Contracts

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Petrochemical Plants

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Power Plants

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Smart Grid

Tracks all upcoming smart grid projects across the globe. It provides detailed information about advanced grid & IT infrastructure, microgrid, automation and other smart infrastructure projects.

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Midstream

Midstream database provides details on global active, upcoming , decommissioned, and cancelled oil & gas pipelines, LNG regasification and liquefaction terminals, liquid storage terminals, underground gas storage facilities, and gas processing plants.

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Downstream

View detailed information on global active, upcoming , decommissioned, and cancelled crude oil refineries, heavy oil upgraders and condensate splitters.

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IT Services Contracts

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ICT Spend & Tech Priorities

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Products and Services

Products Services
Diesel Engineering Services
Gasoline Shipping
Light and Heavy Fuel oil Refining Technologies
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Others In September, the company launched a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining.
2022 Acquisitions/Mergers/Takeovers In September, the company announced the acquisition of Walco Foods, a trader of animal fats.
2022 Contracts/Agreements In September, the company and Marathon Petroleum finalised a transaction to become equal partners in Marathon ’s Martinez Renewable Fuels project in California, the US.
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Competitor Comparison

Key Parameters Neste Corp Lukoil Oil Co Rosneft Oil Co MOL Hungarian Oil and Gas Plc Turkiye Petrol Rafinerileri AS
Headquarters Finland Russia Russia Hungary Turkey
City Espoo Moscow Moscow Budapest Istanbul
No. of Employees 5,501 102,400 355,900 24,084 5,826
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Matti Kahkonen Chairman Executive Board 2018 66
Matti Lehmus Chief Executive Officer; President Senior Management 2022 48
Markku Korvenranta Executive Vice President - Oil Products Senior Management 2022 56
Mercedes Alonso Executive Vice President - Renewable Polymers and Chemicals Senior Management 2019 56
Thorsten Lange Executive Vice President - Renewable Aviation Senior Management 2020 59
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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