OMV reported group sales of EUR 5.79 billion for the second quarter of 2025, with a Clean CCS Operating Result of EUR 1.03 billion. The company attributed these results to mixed performances across its business segments, citing lower contributions from Fuels & Feedstock and Energy but significantly higher returns from Chemicals.
Alfred Stern, Chairman of the Executive Board and CEO of OMV, stated: “OMV remained highly profitable in the second quarter, with all three business segments contributing positive results. We are financially well-positioned to implement our Strategy 2030, despite challenging market conditions, including unfavorable commodity prices and ongoing geopolitical uncertainty. Our robust Cash Flow from Operating Activities of EUR 1 billion and our solid balance sheet underpin the strength of our integrated business model. We continue to make progress on our transformation journey, with several lighthouse projects reaching key milestones in the second quarter. The integration activities for the successful establishment of Borouge Group International is proceeding according to plan, with the transaction expected to close in the first quarter of 2026. The execution of the Neptun Deep gas development project by OMV Petrom in the Romanian Black Sea is on track and on schedule.”
The Chemicals segment saw a significant increase in its Clean Operating Result by 76 percent to EUR 200 million, mainly due to a stronger performance from Borealis Group and improved olefin margins. Polyolefin sales volumes also rose by five percent.
Fuels & Feedstock recorded a decline in operating result to EUR 242 million as scheduled shutdowns at refineries reduced utilization rates and increased utility costs offset gains from higher fuel margins.
The Energy segment’s Clean Operating Result fell to EUR 588 million because of lower oil prices and negative currency impacts. Lower sales volumes after divesting SapuraOMV in December 2024 also contributed to this decline; however, some losses were offset by higher natural gas prices and favorable litigation outcomes in Romania.
Total hydrocarbon production dropped to 304 kboe/d following asset divestments, maintenance work, and natural declines in several regions. Increased output in Libya and Norway partially balanced these reductions.
During its Annual General Meeting held on May 27, OMV approved a total dividend payout of EUR 4.75 per share for fiscal year 2024—consisting of both regular and additional dividends—resulting in approximately EUR 490 million distributed to Österreichische Beteiligungs AG (ÖBAG), which manages Austria’s state holdings.
In May, Borealis and Borouge announced plans for major expansions at facilities supporting power cable production necessary for energy transition infrastructure such as offshore wind farms and high-voltage grids. Borealis also committed over EUR 100 million for new capacity at its Burghausen site aimed at tripling output for recyclable polypropylene foam used across various industries.
April saw OMV launch Austria’s largest green hydrogen plant at Schwechat refinery near Vienna—capable of producing up to 1,500 metric tons annually using only renewable energy—which is expected to reduce CO₂ emissions by up to 15,000 metric tons each year through sustainable fuel production.
Additionally, OMV partnered with Masdar on future green hydrogen initiatives across Europe and made an investment decision for another large-scale hydrogen plant planned for Bruck an der Leitha that could cut emissions by about 150,000 tons per year if supported through upcoming European auctions.
In June, OMV began preparations for seismic surveys exploring geothermal resources near Graz as part of ongoing efforts into renewable energy development—a project building on previous collaborations like “deeep” with Wien Energie—and acquired a stake in Bulgaria’s Gabare solar project alongside Enery with plans for further investment including battery storage systems.
Progress continued on major projects such as Neptun Deep offshore Romania where drilling has started ahead of expected gas production beginning in 2027; meanwhile construction commenced on infrastructure connecting Lower Austria’s Wittau field with processing plants—with commissioning set for mid-2026 followed by site decommissioning under regulatory oversight later that year.
