The experience and capabilities that we have gained through the full range of our activities in the East Med, including our proven ability to develop and finance mega-energy projects, is serving us well as we expand into additional E&P assets in the North Sea and North America. Delek Group has a diverse, high-quality portfolio of natural gas and oil assets in various stages of exploration, development and production.
Recently, we refocused our strategy in order to transform Delek Group from a diversified conglomerate into a leading international energy company. To this end, we have been systematically divesting all non-energy-related assets to enable a sharp focus on our core energy activities. Since 2014, these efforts have added USD 1.3 billion to our cash balance, helping us reduce the Group’s financial leverage while enabling investment in additional strategic growth opportunities in the international E&P arena.
The Group’s proven business leadership and industry expertise have been the keys through which we have been able to flourish and to create value, as demonstrated by our excellent results and ongoing dividend distributions.
All of these are helping us as we continue pursuing our goal of establishing Delek Group as a strong and leading international E&P player with the ability to explore, develop and produce a high-potential portfolio of assets in the East Med, North Sea, North America and beyond.
President & CEO