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AlwaysFree: OMV Group Report January–September And Q3 2022

Author: SSESSMENTS

  • Including condensed consolidated interim financial statements as of September 30, 2022

According to the company’s website press release on October 28, 2022,

Key Performance Indicators(1)

Group

  • Clean CCS Operating Result grew substantially to EUR 3,516 mn, fueled by better performance in Exploration & Production and Refining & Marketing 
  • Clean CCS net income attributable to stockholders of the parent increased significantly to EUR 1,206 mn; clean CCS Earnings Per Share were EUR 3.69
  • Cash flow from operating activities excluding net working capital effects grew to EUR 2,895 mn
  • Organic free cash flow before dividends totaled EUR 2,484 mn
  • Clean CCS ROACE stood at 21%
  • Total Recordable Injury Rate (TRIR) was 1.12

Chemicals & Materials

  • Polyethylene indicator margin Europe declined to EUR 312/t, polypropylene indicator margin Europe decreased to EUR 357/t
  • Polyolefin sales volumes went down to 1.32 mn t

Refining & Marketing

  • OMV refining indicator margin Europe rose sharply to USD 14.4/bbl2
  • Fuels and other sales volumes Europe decreased by 21% to 3.71 mn t

Exploration & Production (3)

  • Production decreased by 89 kboe/d to 381 kboe/d, mainly due to the change in the consolidation method of Russian operations 
  • Production cost increased by 22% to USD 8.2/boe

Key events

On October 27, 2022: OMV Executive Board will propose special dividend for the financial year 2022 in the amount of EUR 2.25 per share

On October 27, 2022: Changes in the OMV Executive Board

On October 27, 2022: OMV and ADNOC sign MoU in presence of UAE President, H.H. Sheikh Mohamed bin Zayed Al Nahyan and Austria’s Federal Chancellor H.E. Karl Nehammer

On October 27, 2022: OMV and Jadestone agree to terminate the intended divestment of OMV’s stake in the Maari Field

On October 7, 2022: OMV Schwechat Refinery is in full operation

On October 3, 2022: OMV starts two geothermal projects

On September 26, 2022: Borealis and YILDIRIM signed a binding agreement for Yildirim to acquire Borealis’ shareholding in Rosier SA

On September 14, 2022: OMV and RYANAIR sign MoU to supply 160,000 tons Sustainable Aviation Fuel

On September 13, 2022: OMV and Lufthansa Group further strengthen partnership with Sustainable Aviation Fuel

On July 21, 2022: Borealis announces the start-up of the New Ethane Cracker at its Joint Venture Baystar in Port Arthur, Texas

On July 14, 2022: OMV secures additional pipeline capacities for gas transport

1) Figures reflect the Q3/22 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.

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 Results, or cash flows.

Tags: AlwaysFree,Austria,Central and East Europe,Crude Oil,English,Europe,Gas

Published on November 14, 2022 3:33 PM (GMT+8)
Last Updated on November 14, 2022 3:33 PM (GMT+8)