Motor Oil returns to MSCI Greece Standard Index

Motor Oil is set to rejoin the MSCI Greece Standard Index, a move expected to trigger significant trading volume during the upcoming market rebalancing. Analysts suggest the inclusion could drive substantial capital inflows; market estimates range between €200 million and €250 million, while Goldman Sachs projects net passive inflows of approximately $187 million for the company.

The stock has seen a major resurgence, reaching historical highs near €62 recently, a stark contrast to its position when it was removed from the index in August 2024. This return follows a period of strong financial performance, with the group reporting significant revenues and net profits in the first half of the year.

Simultaneously, the company faces political scrutiny regarding its high profits. Six European Union nations have proposed a mechanism to tax windfall profits from oil companies. Motor Oil's Deputy CEO, Petros Tzannetakis, has strongly opposed such measures, arguing that taxing these earnings would penalize an export-oriented business model that ensures fuel security for Southern Europe amidst global supply disruptions.