Quarterly Publications: Results January – December and Q4 2022
Results video
Group
- Clean CCS Operating Result grew slightly to EUR 2,101 mn, due to better performance in Refining & Marketing and Exploration & Production
- Clean CCS net income attributable to stockholders of the parent decreased to EUR 700 mn; clean CCS Earnings Per Share were EUR 2.14
- Cash flow from operating activities excluding net working capital effects decreased to EUR 1,233 mn
- Organic free cash flow before dividends totaled EUR 534 mn
- Clean CCS ROACE stood at 19%
- Total Recordable Injury Rate (TRIR) was 1.23
- Regular dividend per share of EUR 2.80 proposed1, up 22% compared to the previous year. In addition, special dividend of EUR 2.25 proposed1
Chemicals & Materials
- Polyethylene indicator margin Europe declined to EUR 370/t, polypropylene indicator margin Europe decreased to EUR 398/t
- Polyolefin sales volumes lessened to 1.42 mn t
Refining & Marketing
- OMV refining indicator margin Europe grew sharply to USD 17.5/bbl2
- Fuels and other sales volumes Europe decreased marginally to 4.33 mn t
Exploration & Production3
- Production decreased by 106 kboe/d to 385 kboe/d, mainly due to the change in the consolidation method of Russian operations
- Production cost increased by 43% to USD 9.1/boe
Note: Figures reflect the Q4/22 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
1 As proposed by the Executive Board, subject to review by the Supervisory Board; subject to approval by the Annual General Meeting 2023
2 As of Q2/22, the refining indicator margin reflects the change in the crude oil reference price from Urals to Brent at OMV Petrom.
3 As of March 1, 2022, Russian operations are no longer included in Group operational KPIs, Operating Result or cash flows.