OMV produces and markets oil, gas and chemical product and process solutions in a responsible way. Combining the chemical and mechanical recycling expertise of OMV and Borealis, the group aims to become a leader in the plastics circular economy. Group sales revenues of EUR 17 bn and a workforce of around 25,000 employees in 2020 make OMV one of Austria’s largest listed industrial companies.
With sustainability being an integral part of its corporate strategy, OMV supports the transition to a lower-carbon economy and has set out to reduce operations emissions to net-zero by 2050 or sooner.
Exploration & Production
In Exploration & Production, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as core regions. Daily average production was 463,000 boe/d in 2020 with an emphasis on natural gas.
Reﬁning & Marketing
OMV Refining & Marketing comprises two business divisions – Refining and Marketing & Trading. In Refining & Marketing, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading. Furthermore, OMV operates about 2,100 filling stations in ten European countries and runs gas storage facilities in Austria and Germany.
Chemicals & Materials
From a traditional oil and gas company, OMV will become a global gas, oil and chemicals group, one whose significantly expanded value chain extends from the wellhead to the refinery to high-quality plastics and includes recycling. With this, OMV is laying the ground for a lower-carbon future.
Shareholder Structure & Key figures
Company Key Figures 2020
- Sales revenues: EUR 16,550 mn
- Clean CCS Operating Result: EUR 1,686 mn
- Cash flow from operating activities: EUR 3,137 mn
- Employees: 25,291
To achieve net-zero emissions in operations by 2050 or sooner, OMV strives to reduce the carbon intensity of operations groupwide (excluding Borealis) by at least 30% by 2025. Also by 2025, at least 60% of the portfolio shall consist of low and zerocarbon products. This will be achieved by increasing the share of petrochemical products as well as gas, hydrogen, e-mobility and advanced biofuels offerings.
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