Delek Group

Additional Details

Delek Group is one of the largest holding companies in Israel. It is primarily an oil and gas exploration, extraction, and supply company, and it also operates in the agriculture and real estate sectors. Delek Group is the majority owner (53%) of Mehadrin Ltd, Israel's largest fruit grower and exporter, which operates in and sources from multiple illegal settlements in the occupied West Bank and Golan Heights. Delek Group also owns a controlling (24%) stake in Delek Israel Fuel Company Ltd, which is one of the four large Israeli fuel retailers. It operates more than 200 gas stations and convenience stores, at least 10 of which are located in or around illegal Israeli settlements in the occupied West Bank and 3 in the occupied Golan Heights. In 2021, Delek Israel Fuel was also contracted to provide gas to Ariel University in the Ariel illegal settlement. Because of these activities, Delek Group was included in the 2020 U.N. database of companies doing business in Israeli settlements (which was subsequently updated in 2023 and 2025). Following its inclusion, Norway's largest pension fund, KLP, divested from Delek Group and 15 other companies, stating "they have actively contributed to violations of human rights in war and conflict situations through their affiliation with the Israeli settlements." In addition to its activities in the occupied Palestinian territory, Delek Group subsidiary Delek Israel Fuel is a supplier of the Israeli military and police. Since 2013, it has provided fuel to the Israeli military through its civilian gas stations as well as fuel delivery to Israeli military bases. In 2020, the company was awarded another similar contract, together with Sonol, but only for fueling the military’s vehicles in its civilian gas stations. Delek Group's subsidiary NewMed Energy is also the largest stakeholder in Leviathan, Israel’s largest fossil gas field, operated by Chevron. Leviathan provides fossil gas mainly to Egypt and Jordan, but also to the state-owned Israel Electric Corporation and to smaller private Israeli power companies. They turn the gas into electricity and feed it into the Israeli power grid, which includes all Israeli military bases and other government agencies, as well as Israel’s illegal settlements in the occupied Palestinian and Syrian territories. Delek is the majority owner (54%) of NewMed Energy, which in turn owns 45% of Leviathan, while Chevron owns 40%. In 2022, Delek subsidiary NewMed Energy entered into a partnership with the Moroccan Government and Adarco Energy to explore and extract fossil gas in the offshore Boujdour Atlantique gas reservoir, which is located in the occupied Western Sahara. Most of Delek Group's overall revenue comes from its operations in the U.K. North Sea oil and gas fields, which it conducts through its subsidiary Ithaca Energy. In 2024, Greenpeace Norway sued Norwegian oil company Equinor over its partnership with Ithaca in the North Sea, because of Delek Group's involvement in human rights abuses. Delek also operates in Cyprus and Bulgaria, and conducts its global and UK oil and gas exploration and production business primarily through its subsidiary, Ithaca Energy. Ithaca holds a massive portfolio in the UK North Sea, managing major assets such as the Captain, Rosebank, and Cambo fields. -- Listed on TASE (DLEKG) Delek Group is backed by leading sovereign wealth funds, most notably Mubadala Investment Company