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OMV Surpasses Market Expectations

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: © OMV AG

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…

This article includes a total of 1232 words.

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