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As of on the Vienna Stock Exchange - Cash Market ∙ Minimum 15 minute delay
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OMV And Mubadala Complete Borealis Transaction
OMV And Mubadala Complete Borealis Transaction
OMV: Q3 CCS Operating Profit Before Special Items Down At EUR 317 Mln
OMV AG (OMV) is an Austria-based integrated oil and gas company. The Company operates through two segments: Upstream and Downstream. The Upstream segment focuses on the exploration, development and production of oil and gas in five core regions: Central and Eastern Europe (CEE), the Middle East and Africa, the North Sea, Russia and Asia-Pacific. The Company has a production capacity of over 400 thousand barrel of oil equivalent per day (kboe/d). The Downstream segment comprises two business units: Downstream Oil, that operates around 2,100 filling stations in approximately 10 countries, refineries in Austria and Germany, both of which feature integrated petrochemical production, as well as refinery in Romania, which processes predominantly Romanian crude oil, and Downstream Gas, that focuses on gas trade and sales, as well as owns gas storage facilities in Austria and Germany. Its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria.
Wolfgang C. Berndy
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer, Chief Marketing Officer
Alyazia Ali Saleh Ali Saleh Al Kuwaiti
Independent Deputy Chairwoman of the Supervisory Board
Independent Deputy Chairman of the Supervisory Board
Deputy Chairman of the Executive Board, Chief Upstream Operating Officer
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Austrian oil and gas group OMV on Thursday said its third-quarter operating profit fell by two thirds as weak oil prices hit its exploration and production business, but a strong performance from its refineries meant it beat expectations.
Abu Dhabi National Oil Company (ADNOC) said on Wednesday that one of its new trading entities, ADNOC Trading, has started derivatives trading.
Austrian oil and gas group OMV set itself long-term targets for curbing carbon emissions on Wednesday, joining industry majors who have already responded to calls from politicians and activists to do more to fight global warming.
Oil and gas group OMV reported a lower-than-expected 86% fall in second-quarter operating profit due to strict cost management and said it was trimming its spending plans in response to the global economic downturn.
Oil and gas group OMV on Wednesday posted a lower-than-expected 86% fall in second-quarter operating profit thanks to its strict cost management and cut its spending plans again in response to the global economic crisis.
Austrian oil and gas group OMV said on Tuesday it planned to issue a new bond of up to 1.5 billion euros ($1.8 billion) to partly fund its purchase of plastics maker Borealis.
Austrian state-run OeBAG and Abu Dhabi's Mubadala agreed to expand collaboration as key shareholders in oil and gas group OMV until 2030, OeBAG said on Thursday, extending a deal that would have expired in a year and half.
Austrian oil and gas group OMV's second-quarter output dropped 5% compared with last year's quarter and fell 2% from the first, largely due to lockdown measures in response to the coronavirus outbreak, disruptions in Libya and weakening demand.
Austrian utility Verbund <VERB.VI> has made a binding offer for OMV's <OMVV.VI> 51% stake in gas pipeline operator Gas Connect Austria, it said on Monday.
The supervisory board of Austria's OMV <OMVV.VI> has ordered a review of CEO Rainer Seele's travel expenses and the oil and gas group's sponsorship activities, board chief Wolfgang Berndt said on Thursday.
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by increased fuel demand and output cuts by producers such as Saudi Arabia, its chief executive said.
Austrian energy group OMV posted a net loss for the first quarter due to significant inventory costs and lowered its production target and crude price forecasts in response to tumbling oil demand in the wake of the coronavirus pandemic.
Austrian energy group OMV on Wednesday posted a first-quarter operating profit above expectations but lowered its production target and crude price forecasts due to tumbling oil demand in the wake of the coronavirus pandemic.
Oil and gas group OMV plans to extend a 4 billion euro ($4.35 billion) cost-cutting programme, its chief executive said, adding it may cut jobs due to the coronavirus crisis and a slump in energy prices.
* UPSTREAM: EXPECTS TOTAL PRODUCTION TO BE AROUND 500 KBOE/D IN 2020 (2019: 487 KBOE/D), DEPENDING ON THE SECURITY SITUATION IN LIBYA
* Projects worth 1.5 bln euros postponed to 2022 (Adds spending cuts, quote, background)
* FY TOTAL REVENUE EUR 549.0 MILLION VERSUS EUR 555.2 MILLION YEAR AGO
Austrian oil and gas group OMV is again postponing an investment decision on its Black Sea exploration project and is now aiming for a decision next year at the earliest, its chief executive said on Friday.
Austrian oil and gas group OMV plans to sell $2.3 billion of assets by the end of next year to help fund a $4.7 billion deal to make it the majority owner of plastics maker Borealis and one of the world's leading polymer producers.
Austria's oil and gas group OMV said on Thursday it plans to sell assets worth $2.3 billion until the end of next year to fund its $4.7 billion Borealis stake buy.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.