2019 was a successful year for OMV in a challenging market environment. Michael Woltran presents one of the OMV highlights of the second half 2019. The way we live today is unthinkable without energy. And in future, this energy will need to have even lower CO2 emissions. Gas has a key role to play here. Natural gas on the road can reduce CO2 by 10 to 20 percent – and it can do so immediately. That is also true for heavy traffic. An area where gas clearly trumps the alternatives.

2019 was a successful year for OMV in a challenging market environment. OMV achieved a strong operating result of 3.5 billion Euros. The financial performance in Upstream decreased in 2019 mainly due to higher depreciation following the acquisitions in New Zealand, the United Arab Emirates and Malaysia as well as lower realized oil and gas prices. The operating result in Downstream performed well, driven by strong commercial and retail operations.

The OMV Strategy 2025 builds on this proven concept of integration. This ensures that, even during a crisis, the Group has a balanced and robust revenue stream. OMV’s intention to growth in both Upstream and Downstream has been executed successfully. Our broader Upstream operations are balanced by a larger Downstream asset base. By increasing our share in the petrochemicals company, Borealis, we have expanded further along the value chain.

With the increase of OMV’s share in Borealis to 75%, OMV has begun its transformation from a traditional oil and gas company into a global gas, oil and chemicals group, which is active in over 120 countries on 5 continents. We have successfully extended our value chain that runs from the wellhead to the refinery through to high-quality plastics. With this, we are laying the foundation for OMV in a lower-carbon future. In order to reflect the structural changes of forward integration into the chemicals sector, OMV has adjusted its corporate structure. From now on, OMV’s reporting will be based on three strong pillars integrated along the value chain: Exploration & Production, Refining & Marketing, and Chemicals & Materials. In the first quarter of 2021, OMV achieved an exceptionally strong – despite the external circumstances – Clean CCS operating result of 870 million euros. This was 24% higher than in the same period last year following the successful diversification of the portfolio with the expansion of t

Circular economy, Bornewables, Chemical Recycling, Biofuels, Green hydrogren and CO2 recycling; These are some of the many solutions OMV & Borealis employees are working on for a better tomorrow.

OMV generated an exceptional Clean CCS operating result of 2 point 2 billion euros. This represents the highest half-year result that OMV has ever achieved. A strong contribution from Exploration and Production came in at 859 million euros as oil and gas prices recovered to almost pre-pandemic levels. The Refining and Marketing result decreased to 289 million euros following a lower contribution from both the fuels and the gas business. Higher customer frequency could not compensate for lower refining margins even though the easing of covid-related travel restrictions led to an improved Retail result. The successful extension of OMV’s value chain toward Chemicals & Materials can only be emphasized as it contributed half of the overall OMV result. The Clean Operating Result increased more than fivefold versus the previous-year period reaching 1 point 1 billion euros. The main reason behind this stark increase are the soaring polyolefin margins as well as higher demand in the Chemical

In the first 9 months of 2021, OMV achieved an outstanding Clean CCS Operating result of nearly 4 billion euros. That’s the highest result ever recorded in the first three quarters in OMV’s history. It’s also an acknowledgment of the groundbreaking direction that OMV embarked on with the acquisition of the additional stake in Borealis in October 2020.

OMV presents its Strategy 2030. The firm has set out to transform itself into a sustainable fuels, chemicals, and materials company with a strong focus on circular economy solutions. Based on this new strategy representing the most fundamental strategic shift in the company’s history, OMV aims to become a net-zero emissions company by no later than 2050. The Chemicals & Materials portfolio will be the growth engine of the company and is to be substantially strengthened, expanded, and diversified, with the aim to establish a globally leading position in circular economy solutions. The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions. In line with the aim to become a net-zero company, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050. At the same time Exploration & Production will invest in geothermal energy and carbon ca

OMV presents its Strategy 2030 The Chemicals & Materials portfolio will be the growth engine of the company and is to be substantially strengthened, expanded, and diversified, with the aim to establish a globally leading position in circular economy solutions. It is impossible to imagine modern life without high-quality plastics. The demand and need for high-quality plastics solutions is rising – in all kinds of industries, and especially for the energy transition. High-quality solutions like Borlink, from Borealis, will accelerate the energy transition and enable the path towards a low-carbon energy future.

OMV presents its Strategy 2030 The firm has set out to transform itself into a sustainable fuels, chemicals, and materials company with a strong focus on circular economy solutions. Based on this new strategy representing the most fundamental strategic shift in the company’s history, OMV aims to become a net-zero emissions company by no later than 2050. We, at OMV Group, are transforming our business based on the principles of a circular economy. Our goal is clear: From linear to circular. From fossil to alternative feedstock. From emitting to recycling CO2. Starting with efficient and smart product design, to reusing products, all the way to recycling plastic waste into high-end products. Circular Economy is essential for a sustainable future and is at the heart of our strategy.

OMV presents its Strategy 2030 The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions. In line with the aim to become a net-zero company, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050.

OMV presents its Strategy 2030 The Exploration & Production business will invest in geothermal energy and carbon capture and storage (CCS) leveraging existing assets and capabilities and contribute to a more sustainable society. Geothermal energy is an unlimited - and clean - energy source. It is available 24/7, regardless of weather, time of day or season, making it an ideal addition to renewables like photovoltaics and wind power. It is one of the alternative solutions for meeting parts of society’s energy demand such as electricity and heating.