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OMV Changes Capital Market Strategy, Scales Back Investment Plans Until 2030
The partially state-owned energy company OMV is significantly adjusting its 2030 strategy and massively scaling back its planned investments. In order to increase its financial resilience in the face of ongoing economic and geopolitical volatility, the group is reducing its cumulative organic investment plans for the period from 2026 to 2030 by a total of five billion euros.
The partially state-owned energy company OMV scaled back its financial and investment targets for 2030. / Picture: © Wikimedia Commons / Priwo [Public Domain]
In the future, only around €2.8 billion per year is to be invested on average. Around 30 percent of these funds are earmarked for sustainable projects, underscoring the company's commitment to continuing its transformation. OMV CEO Alfred Stern emphasized that the company is focusing on “responsible growth and value creation” for shareholders.
The main reason for the…
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