OMV AG
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Alfred Stern
- Full Time Employees
- 23,463
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- Trabrennstrasse 6-8 Vienna Austria 1020
- IPO Date
- Oct 15, 2010
- CIK
- 0000882602
- Website
- omv.com
- Similar Companies
- Business
- OMV AG engages in the exploration, production, refining and marketing of oil and natural gas; the production and sale of chemicals and petrochemicals; and the retail of fuels through filling stations. The company operates through three main segments: Chemicals & Materials, which provides advanced and circular polyolefin solutions, base chemicals and plastics recycling through OMV, Borealis and joint ventures Borouge with ADNOC in the UAE and Baystar with TotalEnergies in the US; Fuels & Feedstock, which produces fuels for road, air and marine transport, renewable fuels including sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO), and feedstock for the chemical industry from three refineries in Europe and a 15% stake in a UAE refining joint venture; and Energy, which focuses on crude oil and natural gas exploration and production in core regions of Central and Eastern Europe, North Sea, Middle East, Africa and Asia-Pacific, alongside low-carbon businesses and gas marketing. OMV serves industries including automotive, electrical, construction, consumer products, healthcare, infrastructure and mobility, with operations in over 120 countries and approximately 1,800 filling stations in ten European countries. Founded in 1956 and headquartered in Vienna, Austria, OMV Petrom represents its key subsidiary in Romania. Recent developments include the April 2025 launch of Austria's largest 10 MW green hydrogen plant at the Schwechat refinery producing 1,500 metric tons annually to replace fossil-based hydrogen; the February 2025 start of construction on a €750 million Petrobrazi SAF/HVO facility in Romania including green hydrogen plants following a June 2024 final investment decision; the May 2025 announcement of a 140 MW green hydrogen plant in Bruck an der Leitha, Austria, for 23,000 tons annual production starting 2027; partnerships such as a June 2025 joint venture with Enery for the €200 million Gabare solar project in Bulgaria, April 2025 Letter of Intent with Masdar for green hydrogen and eSAF production in Europe and the Middle East, January 2025 Memorandum of Understanding with Airbus for SAF supply, and power purchase agreements with VERBUND, ImWind and Renovatio for renewable energy; and the pending merger with ADNOC's Borouge to form Borouge Group International by end-Q1 2026, creating the fourth-largest global polyolefin producer.
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