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OMV AG
XMUN:OMV

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OMV AG
XMUN:OMV
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Price: 63.7 EUR -0.08% Market Closed
Market Cap: €20.8B

OMV AG
Investor Relations

OMV AG is an Austrian energy company that finds and produces oil and natural gas, refines crude oil into fuels, and sells those products to customers. It also trades and markets natural gas and sells chemicals and petrochemical feedstocks through its chemicals business. In simple terms, OMV sits across several steps of the energy supply chain, from extracting raw materials to turning them into products people and businesses use every day. Its main customers are fuel distributors, drivers, airlines, industrial users, utilities, and chemical manufacturers. OMV makes money by selling crude oil, natural gas, refined fuels, heating fuels, lubricants, gas, and chemical products. Because it is integrated across production, refining, trading, and distribution, it can capture value from multiple parts of the energy market rather than relying on just one product line. What makes OMV different is that it is not just an oil producer or just a fuel retailer. It combines upstream energy production with refining, gas trading, and chemicals, which gives it a broader role in the energy and industrial value chain. That mix makes the business more complex than a pure-play company, but it also means OMV serves both household energy demand and large industrial customers.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Solid quarter: OMV reported a clean CCS operating result of more than EUR 1 billion and operating cash flow excluding working capital of more than EUR 1.6 billion, despite a very volatile Middle East backdrop.

Middle East hit: The closure of the Strait of Hormuz disrupted oil, gas and petrochemical flows, weighed on production in Energy and Borouge, and created hedging and logistics costs, but OMV said its integrated model helped offset the shock.

Borouge deal: OMV called the Borouge International transaction a transformative step for Strategy 2030, with the combined platform expected to generate more than $7 billion of EBITDA through the cycle and support stronger long-term cash generation.

Guidance lifted: OMV raised its 2026 outlook for dated Brent to $85 to $95 per barrel, DHE gas to around EUR 45 per MWh, refining margin to $10 to $15 per barrel, and reaffirmed production of 280,000 to 290,000 boe/d.

Cash flow timing: Reported operating cash flow was held back by about EUR 850 million of working capital build, but management emphasized that pricing, gas derivatives and timing effects were partly temporary and should unwind over time.

Dividend question: Management said the lower-than-previously expected Borouge dividend could be partly offset by stronger operating cash flow, but it was too early to say whether overall shareholder dividends will improve versus the prior view.

Key Financials
Clean CCS operating result
more than EUR 1 billion
Cash flow from operations, excluding net working capital
more than EUR 1.6 billion
Brent price
more than $80 per barrel
DHE gas price
EUR 41 per megawatt hour
Refining indicator margin
$13.9 per barrel
Hydrocarbon production
288,000 barrels of oil equivalent per day
Average realized crude oil price
$72 per barrel
Average realized natural gas price
EUR 31 per megawatt hour
Sales volumes
252,000 barrels of oil equivalent per day
Energy clean operating result
EUR 723 million
Fuel segment clean CCS operating result
EUR 113 million
Refinery utilization rate
87%
Chemicals clean operating result
EUR 245 million
European cracker utilization rate
91%
Operating cash flow
around EUR 800 million
Net working capital build
around EUR 850 million
Organic free cash flow before dividends
minus EUR 125 million
Leverage ratio
17%
Cash position
EUR 3.5 billion
Undrawn committed credit facilities
EUR 3.1 billion
Clean CCS net income
EUR 495 million
Reported net income
more than EUR 1.6 billion
Borealis deconsolidation gain
EUR 886 million
Capital injection into Borouge International
EUR 1.5 billion
Borouge International expected EBITDA
more than $7 billion through the cycle
Borouge 4 incremental polyethylene volume
1.4 million tons
Chems tax rate
slightly below 50%
Other Earnings Calls

Management

Mr. Alfred Stern
CEO & Chairman of Executive Board
No Bio Available
Mr. Reinhard Florey
CFO & Member of Executive Board
No Bio Available
Mr. Martijn Arjen van Koten
Executive VP of New Fuels & Feedstock Division and Member of the Executive Board
No Bio Available
Ms. Daniela Vlad
Executive VP of Chemicals & Materials and Member of Executive Board
No Bio Available
Dr. Berislav Gaso Ph.D.
Executive VP of Energy & Member of Executive Board
No Bio Available
Mr. Daniel Turnheim
Senior Vice President of Corporate Finance
No Bio Available
Mr. Florian Greger
Senior VP and Head of Investor Relations & Sustainability
No Bio Available
Ms. Magdalena Moll
Senior Vice President of Corporate Affairs
No Bio Available

Contacts

Address
WIEN
Wien
Trabrennstrasse 6-8
Contacts
+43140440.0
www.omv.com
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