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OMV AG (OMVV.VI)

OMVV.VI on Vienna Stock Exchange

48.97EUR
19 Oct 2018
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€-0.18 (-0.37%)
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€49.15
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Volume
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€56.32
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Latest Key Developments (Source: Significant Developments)

Sapura Energy Bhd Enters Agreement For Proposed Sale Of A 50 Percent Stake In Sapura Upstream
Tuesday, 11 Sep 2018 09:12pm EDT 

Sept 12 (Reuters) - Sapura Energy Bhd ::ENTERED A HEADS OF AGREEMENT FOR PROPOSED SALE OF A 50 PERCENT STAKE IN ITS UNIT, SAPURA UPSTREAM TO OMV AG.DEAL FOR ENTERPRISE VALUE OF $1.6 BILLION.UPON CONSUMMATION OF DEAL, SEB EXPECTS A POSITIVE IMPACT ON EARNINGS OF GROUP.SEB AND OMV AG INTEND TO HOLD 50% OF THE ISSUED SHARE CAPITAL OF SAPURA UPSTREAM RESPECTIVELY.  Full Article

OMV AG Says At AGM Dividend Of EUR 1.50 Per Share Resolved Upon, With Payment Date On June 1
Tuesday, 22 May 2018 12:50pm EDT 

May 22 (Reuters) - OMV AG ::OMV AG SAYS AT AGM DIVIDEND OF EUR 1.50 PER SHARE RESOLVED UPON, WITH PAYMENT DATE ON FRIDAY, JUNE 1, 2018.  Full Article

OMV Prolongs Nomination Of CFO Reinhard Florey
Tuesday, 22 May 2018 04:04am EDT 

May 22 (Reuters) - OMV AG ::PROLONGS THE NOMINATION OF CFO REINHARD FLOREY.  Full Article

OMV Confident Asset Swap With Gazprom Will Close By End Of Year
Tuesday, 15 May 2018 05:25pm EDT 

May 16 (Reuters) - OMV AG ::OMV SPOKESMAN DECLINES TO COMMENT ON REMARKS BY NORWEGIAN OIL MINISTER, SAYS CONFIDENT ASSET SWAP WITH GAZPROM WILL CLOSE BY END OF YEAR.  Full Article

Shell Announces Sale Of New Zealand Interests To OMV For $578 mln
Thursday, 15 Mar 2018 04:57pm EDT 

March 15 (Reuters) - Shell ::ANNOUNCES SALE OF NEW ZEALAND INTERESTS TO OMV FOR USD 578 MILLION‍​.ALSO ENTERED INTO AGREEMENT WITH OMV TO SELL ITS INTEREST IN, AND OPERATORSHIP OF THE GREAT SOUTH BASIN VENTURE.AS PART OF THE DEAL, EMPLOYEES OF SHELL TARANAKI LIMITED AND SHELL NEW ZEALAND WILL BECOME PART OF OMV NEW ZEALAND.  Full Article

OMV 2025 targets: renewables not part of our strategy -CEO
Tuesday, 13 Mar 2018 03:12am EDT 

March 13 (Reuters) - OMV ::SAYS EXPECTS BRENT CRUDE PRICES MID-TERM AT $70/BBL, LONG-TERM AT $70-80/BBL.SAYS EXPECTS ITS PETCHEM PRODUCTION TO RISE 12 PERCENT TO 2.8 MILLION T, JET FUEL PRODUCTION TO RISE 23 PERCENT TO 1.9 MILLION T BY 2025.SAYS CAPITAL ALLOCATION PRIORITIES ARE CAPEX, ACQUISITIONS, DIVIDENDS, DEBT REDUCTION; IN THAT ORDER.SAYS EXPECTS 2025 CARBON EMISSIONS TO BE 19 PERCENT LOWER THAN 2010 EMISSIONS.UPSTREAM CHIEF SAYS WE WANT TO STRENGTHEN OUR POSITION IN LIBYA, UAE, IRAN, IRAQ.SAYS IT IS REVIEWING FURTHER ACQUISITION OPPORTUNITIES IN RUSSIA.DOWNSTREAM CHIEF SAYS WILL EVALUATE EXPANSION OF SCHWECHAT REFINERY WITH BOREALIS, EXPANSION POSSIBLY FROM 2025.DOWNSTREAM CHIEF SAYS ONLY SIGNING LNG SUPPLY CONTRACTS FOR ROTTERDAM TERMINAL AT EUROPEAN PRICES.CFO SAYS 2/3 OF 2018-2025 CAPEX BUDGET ALLOCATED TO UPSTREAM ACTIVITIES.CFO SAYS COMPANY CAN USE 8 BILLION EUR CASH FOR M&A, DIVIDENDS, DELEVERAGING UNTIL 2020.DOWNSTREAM CHIEF SAYS WE ARE MOSTLY INTERESTED IN INVESTING IN EXISTING REFINERY OUTSIDE OF EXISTING REFINING FOOTPRINT, IE ASIA, RUSSIA, MIDDLE EAST.UPSTREAM CHIEF SAYS ARE NEGOTIATING IRANIAN PETROLEUM CONTRACT, HAVE NOT REACHED AGREEMENT YET.UPSTREAM CHIEF SAYS WE ARE NOT CURRENTLY WORRIED ABOUT U.S. SANCTIONS ON IRAN.CEO SAYS ARE INTERESTED IN EXPANDING EXPLORATION IN UAE.CEO SAYS TOO EARLY TO SAY IF WE WILL BE SUCCESSFUL IN DOWNSTREAM EXPANSION DISCUSSIONS WITH ADNOC IN UAE.  Full Article

OMV Divests Upstream Business In Pakistan​
Wednesday, 28 Feb 2018 10:34am EST 

Feb 28 (Reuters) - OMV AG ::‍DIVESTS UPSTREAM BUSINESS IN PAKISTAN​.‍AGREED SALE PRICE IS EUR 157 MILLION.  Full Article

Romania's OMV Petrom Q4 net profit jumps to 642 mln lei, beats forecast
Wednesday, 21 Feb 2018 01:21am EST 

BUCHAREST, Feb 21 (Reuters) - Romania's top oil and gas firm OMV Petrom , controlled by Austria's OMV :* Says posts a 297 percent rise in fourth-quarter net profit attributable to shareholders to 642 million lei, compared with 639 million lei in July-September and 162 million in the fourth quarter of 2016..* "In Q4/17 we benefited from increased demand for electricity and fuels as well as higher commodity prices; against this backdrop, the refining margins were lower by USD 1/bbl yoy," said Mariana Gheorghe, CEO of OMV Petrom S.A..* Proposes dividend for 2017 of 0.020 lei/share, up 33 percent on the year..* Dividend implies a 45 percent payout ratio. The final dividend proposal is to be submitted for approval by both the Supervisory Board and the subsequent April 2018 GMS. .* The 2017 Clean CCS Operating Result almost doubled on the year to 3.3 billion lei, with Upstream and Downstream contributing almost equally..* Says that for 2018, "we plan CAPEX at 3.7 billion lei, mainly for ramping up our drilling activity, the Neptun project, the scheduled full-site refinery turnaround and the Polyfuel project. While our focus remains on extracting the highest value from the existing Upstream portfolio, we estimate the daily average production decline to reach 4 percent year on year, excluding divestments..* Petrom sees for the full year 2018, the average Brent oil price to be at $60/bbl. The Brent-Urals spread is anticipated to remain at a similar level as in 2017;.  Full Article

Romania's OMV Petrom says appoints new CEO
Tuesday, 9 Jan 2018 09:30am EST 

BUCHAREST, Jan 9 (Reuters) - Romania's oil and gas company OMV Petrom says: :* Supervisory Board of OMV Petrom S.A. appointed Christina Verchere, 46 as the new President of the Executive Board and Chief Executive Officer (CEO) of OMV Petrom. .* Says the appointment has been made for the remaining term of the mandate granted to Mariana Gheorghe, until April 16, 2019..* Says Verchere accepted her appointment and will assume the position at the latest with effect from May 21, 2018..* Says that prior to the Supervisory Board meeting today, Mariana Gheorghe waived her mandate as President of the Executive Board and CEO..  Full Article

Oil price at which OMV will break even is lower this year than last
Thursday, 21 Dec 2017 11:02am EST 

Dec 21 (Reuters) - OMV ::SPOKESWOMAN SAYS OIL PRICE AT WHICH IT WILL BREAK EVEN AT FREE CASH FLOW LEVEL WILL BE LOWER THIS YEAR THAN 2016'S $35 A BARREL.  Full Article

UPDATE 1-Maintenance work reduces OMV's third-quarter output

* Q3 refinery utilization rate at 98 pct (Adds refining data, third-quarter forecast, quote)