How Does OMV Group Company Work?

This segment is a global leader in advanced and circular polyolefin solutions. In 2024, total polyolefin sales reached 6.3 million tons. The company is also a key player in European base chemicals and plastics recycling, serving customers worldwide through its own operations and significant joint ventures.

This division focuses on refining crude oil and sustainable feedstocks into fuels, heating oil, biobased fuels, and petrochemical feedstocks. It operates three refineries in Europe with a combined processing capacity of approximately 500 kboe/d and manages a retail network of 1,702 filling stations across eight European countries as of the end of 2024.

The Energy segment is dedicated to the exploration, development, and production of crude oil and natural gas. In 2024, daily hydrocarbon production stood at 340 kboe/d. This segment also encompasses low-carbon business initiatives and gas operations, including marketing, trading, and significant natural gas storage facilities.

The company's integrated business model optimizes the value chain from exploration to distribution, enhancing efficiency and market resilience. A key differentiator is its strong commitment to sustainability, with investments in renewable fuels, green hydrogen, and geothermal energy.

In March 2025, OMV Group finalized a binding agreement with ADNOC to merge their polyolefins businesses into a new joint venture, Borouge Group International. This move is part of a larger strategy to reorganize non-core assets, with OMV Group planning a gradual divestment of its Borealis subsidiary activities, which are now classified as assets held for sale.

OMV Group terminated its long-term natural gas supply contract with Gazprom Export in December 2024 due to fundamental breaches, significantly reducing its exposure to Russian-related risks. An arbitration ruling in January 2025 awarded OMV Group EUR 48 million in partial compensation for supply disruptions.

To diversify its gas supply, OMV Group commenced drilling operations for the Neptun Deep gas project in the Black Sea off the Romanian coast in March 2025. This project is anticipated to deliver its first gas in 2027, with an annual production target of 8 billion cubic meters, enhancing OMV Group exploration and production capabilities.

OMV Group's competitive advantages are rooted in its integrated business model, encompassing strong downstream operations in refining and petrochemicals. The company is actively investing in circular economy technologies, such as its ReOil project converting waste plastics into crude oil, and Co-Processing, which blends biogenic feedstocks for cleaner diesel production.

OMV Group is a major integrated oil, gas, and chemicals company with extensive operations across Europe and internationally. Its robust structure is built on three core segments: Chemicals, Fuels & Feedstock, and Energy, serving a wide array of customer needs.

The company navigates challenges including energy market volatility, geopolitical instability, and the complexities of the energy transition. Recent financial performance, such as a 70% decrease in net profit for Q1 2025 to EUR 143 million, reflects impacts from factors like the cessation of Russian gas deliveries and chemical sector restructuring.

OMV's 'Strategy 2030' outlines a commitment to becoming a sustainable integrated chemicals, fuels, and energy company, targeting net-zero emissions by 2050. This involves expanding low-carbon businesses, with a focus on renewable power and geothermal energy projects.

Significant investments are planned, including a EUR 750 million project for a Sustainable Aviation Fuel (SAF) and Renewable Diesel (HVO) unit in Romania, set to begin operations in 2028. The company also aims to invest up to EUR 500 million by 2025 in areas like green hydrogen production.