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OMV Surpasses Market Expectations
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Published: February 22, 2012; 10:08 ♦ (Vindobona)
The Austrian oil and gas company today announced its results for the fourth quarter. Dividends will rise to € 1.10 per share. Clean CCS EBIT was up by 29%.
OMV Surpasses Market Expectations / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]
In Q4/11, OMV´s results were supported by a favorable crude price environment (Brent price in USD exceeded last year’s Q4 average by 26%) and an improved refining performance, but were, at the same time, burdened by significant net special charges. The Group’s reported EBIT of € 533m was 8% below Q4/10.
Petrom’s contribution to reported…
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