OMV Group Report January–June and Q2 2023

Key Performance Indicators¹ 

Group

• Clean CCS Operating Result lessened to EUR 1,179 mn due to a lower contribution from all business segments
• Clean CCS net income attributable to stockholders of the parent decreased to EUR 472 mn; clean CCS Earnings Per Share were EUR 1.44
• Cash flow from operating activities excluding net working capital effects declined to EUR –375 mn, mainly due to a less favorable market environment and significant tax payments
• Organic free cash flow totaled EUR –595 mn
• Clean CCS ROACE stood at 15%
• Total Recordable Injury Rate (TRIR) was 1.33

Chemicals & Materials

• Polyethylene indicator margin Europe declined to EUR 320/t, polypropylene indicator margin Europe decreased to EUR 372/t
• Polyolefin sales volumes decreased to 1.36 mn t

Fuels & Feedstock

• OMV refining indicator margin Europe decreased to USD 7.6/bbl
• Fuels and other sales volumes Europe were higher at 4.02 mn t

Energy

• Production rose by 8 kboe/d to 353 kboe/d 
• Production cost increased by 20% to USD 9.9/boe

Key events

• On July 14: OMV decides to pursue negotiations with ADNOC on a potential cooperation regarding their polyolefins businesses
• On July 5: Borealis completes the sale of its nitrogen business to AGROFERT
• On July 5: OMV secures additional gas transport capacities until 2028
• On June 30: Sale of OMV Slovenia to MOL Group closed
• On June 30: Borealis to acquire Rialti S.p.A., a leading European producer of recycled polypropylene compounds
• On June 28: OMV’s plan for the Berling gas and condensate discovery approved by Norwegian authorities
• On June 21: OMV announces final investment decision taken by OMV Petrom for natural gas deep-water project Neptun Deep
• On June 20: Alfred Stern reappointed as CEO of OMV
• On June 14: OMV and Eavor join forces in geothermal technology
• On April 14: Mark Garrett to resign as OMV Supervisory Board Chairman at 2023 Annual General Meeting
• On April 3: Aker BP and OMV awarded licence for CO2 storage 

 ¹ Figures reflect the Q2/23 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.