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OMV
Largest Austrian Listed Companies: Verbund Replaces Andritz in ATX five
The semi-annual review of the Austrian leading index ATX shows no change in the composition. However, Verbund AG is moving into the ATX five, which comprises the five largest listed companies, instead of Andritz AG from Styria, according to the Vienna Stock Exchange in a press release.
September 4, 2019
Former Finance Minister Schelling to Be Appointed to OMV Supervisory Board
Former ÖVP finance minister Hans Jörg Schelling is to move into the supervisory board of the partly state-owned OMV. Various media report that this is being done at the request of senior government officials.
April 25, 2019
Vienna Stock Exchange: High Dependence on UK Traders
In 2018, around 60% of the equity turnover on the Vienna Stock Exchange came from UK trading participants. Hence equity turnover declined by 16.3% compared to the previous year. The most active stocks were Erste Group, OMV and Voestalpine. The SME segment "direct market plus" started with 8 companies, including 4 new listings.
April 3, 2019
Kurz in the Emirates and in Kuwait - A Lipizzaner Stallion for the Monarch
Chancellor Kurz visited the UAE United Arab Emirates and the State of Kuwait with an extensive business delegation. Main purpose were deals in in the fields of energy, sustainability, infrastructure, transport and health. Also on the trip were 25 Lipizzan stallions of the Spanish Riding School including riders, which were on a tour in the Emirates. Kurz presented the Crown Prince of the UAE, Mohammed bin Zayed Al Nahyan, with a Lipizzan stallion as a gift from the Republic of Austria.
March 25, 2019
Austria's Dependence on Russian Gas Increased by 33 Percent
The effects of the amendment to the contract on gas supplies from Russia to Austria signed last year become visible. A meeting in Moscow between Rainer Seele, Chairman of the Executive Board of OMV, and Alexey Miller, Chairman of the Gazprom Management Committee, revealed that gas deliveries between January 1 and March 5, 2019 increased by 32.9 per cent compared to the same period last year.
March 6, 2019
OMV Doubles Net Profit and Achieves 2018 Most Profitable Result in Company History
Austria's largest and listed industrial company, the oil and gas group OMV, achieved its most profitable result in the company's history in 2018 with a net profit of almost two billion euros.
February 7, 2019
OMV Acquires 2.2 Billion Euro Share in United Arab Emirates Refinery
Austrian OMV and the state-owned oil company of the United Arab Emirates, Adnoc, announced that OMV has acquired a 15 percent stake in Abu Dhabi Oil Refining Company. Thereby OMV establishes a major downstream Oil position. In addition, OMV will acquire a 15 percent stake in a trade joint venture with export volumes equivalent to around 70% of production.
January 28, 2019
Austrian State and Industrial Holding will be Reorganized Again
The holding company of the Austrian federal shareholdings (ÖBIB) is to be restructured and given a new boss. The existing structures created by the red-black predecessor government will soon be history again. The law for a new holding company of the Republic is to be examined in the next few days. Its boss is to be Thomas Schmid, general secretary in the Federal Ministry of Finance.
October 3, 2018
Art Fair: Old Masters from the Hermitage - Masterpieces from Botticelli to van Dyck
One of the world’s foremost collections of Old Masters is paying a visit to Vienna: fourteen masterpieces from the Hermitage Museum in St. Petersburg will enter into a dialogue with great paintings from the Kunsthistorisches Museum Vienna. On show are, for example, works by Botticelli, Tintoretto, Rembrandt and van Dyck.
June 6, 2018
OMV Celebrates 50 Years of Lucrative Natural Gas Business
On 1 June 1968, a historic gas supply contract was signed in Vienna, establishing Austria’s role as a key country in Europe’s natural gas network. The 50-year collaboration with Russia is a win-win situation. Then, as now, natural gas plays a key role in OMV's portfolio, as European demand will continue to increase over the next decades. OMV is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies.
June 6, 2018
Putin's Austria Visit: Extension of Gazprom Gas Supply Contract until 2040
OMV has formally confirmed the extension of the gas supply contract with Russia's Gazprom on the occasion of the visit of Russian President Vladimir Putin to Austria by the two CEOs Alexey Miller and Rainer Seele.
June 6, 2018
Vladimir Putin on PR Campaign in Austria
Vladimir Putin is on his sixth official state visit to Austria. Officially, on the occasion of the 50th anniversary of the gas supply contract between Austria and Russia, this is a working visit to President Van der Bellen and Chancellor Kurz. In fact, a new gas supply contract between Gazprom and OMV is the main reason for the visit. Other gas deals are still in the negotiation phase, namely the Gazprom Urengoy gas field asset swap and the Nordstream 2 pipeline project. The Central European Gas Hub in Baumgarten/Lower Austria, an important gas distribution hub from the Russian perspective, could also be on the agenda.
June 5, 2018
OMV Group Report Q1 2018: Profit Down 43%, Production Up 30%
Adjusted operating profit amounted to EUR 818 million, up 2% year-on-year. Net income was also in line with forecasts, although net income for the period fell by 43% year-on-year. One of two key events was the signing of a concession agreement for the acquisition of a 20% stake in two fields offshore Abu Dhabi from ADNOC, as well as two satellite fields. The agreed participation fee amounts to USD 1.5 bn and the duration of the contract is 40 years.
May 4, 2018
OMV Receives Political Support for €1.3 Billion Purchase of Two UAE Oil Fields
An economic delegation led by Federal Chancellor Sebastian Kurz, with the participation of Margarete Schramböck, Minister of Economic Affairs, OMV CEO Rainer Seele and a small delegation had the main objective of supporting OMV in the concession agreement for the acquisition of a 20% stake in two fields offshore Abu Dhabi from ADNOC.
May 4, 2018
OMV: Yearly Financial Report 2017
OMV Aktiengesellschaft is declaring the following financial reports below.
April 12, 2018
OMV Buys Oilfield Shares in Abu Dhabi for USD 1.5 Bln
Listed oil corporation OMV is acquiring 20 percent of two offshore oil fields in Abu Dhabi from the Abu Dhabi oil group ADNOC. The purchase price for the concession and the associated infrastructure amounts to USD 1.5 billion. OMV has already a long relationship with Abu Dhabi. OMV opened a representation office in Abu Dhabi in 2007. Today Abu Dhabi is the location of the Business Hub for OMV´s Upstream Middle East & Africa activities.
April 6, 2018
Former Finance Minister Schelling Appointed Gazprom Advisor
Hans Jörg Schelling, former Austrian Minister of Finance until December 2017, has signed an advisory contract with Nord Stream 2 gas pipeline three months after his handover. OMV is also involved in the project, of which he was the owner's representative as Austrian Minister of Finance.
March 30, 2018
OMV Group Reports Operating Result of EUR 688 Mln in 2017
OMV AG is reporting group results for 2017. The operating result increased by 67% to EUR 688 mn. Net income attributable to stockholders amounted to EUR 367 mn. Data includes latest two acquisitions of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia (see picture) and the purchase of 40% in SMATRICS, Austria’s complete provider for all services related to electro - mobility. See OMV Group Report January – December and Q4 2017 including condensed consolidated financial statements as of December 31, 2017 and Investor Relations Video below.
February 21, 2018
OMV Aktiengesellschaft / Quarterly report according to art. 87 para. 6 Stock Exchange Act
OMV Aktiengesellschaft is declaring the following financial reports below.
November 9, 2017
OMV Aktiengesellschaft / Half-year financial report according to art. 87 para. 1 Stock Exchange Act
OMV Aktiengesellschaft is declaring the following financial reports below.
August 10, 2017
OMV Aktiengesellschaft / Rainer Seele confirmed as CEO of OMV
In today´s meeting, the Supervisory Board of OMV Aktiengesellschaft confirmed Rainer Seele as Chairman of the Executive Board and CEO of OMV. Rainer Seele's appointment is prolonged by two years until June 30, 2020. This extension option was foreseen in the original contract. Rainer Seele has been Chairman and CEO of OMV since July 1, 2015.
May 24, 2017
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
May 11, 2017
OMV Aktiengesellschaft / OMV's Clean CCS operating result and Clean CCS net income attributable to stockholders significantly higher than the analysts' consensus in the first quarter 2017
OMV Group has achieved a Clean CCS operating result and a Clean CCS net income attributable to stockholders for the first quarter 2017 which are significantly above the analysts' consensus. All mentioned figures are preliminary and unaudited.
April 27, 2017
EANS-General Meeting: OMV Aktiengesellschaft / Invitation to the General Meeting
Convocation of the Annual General Meeting of OMV Aktiengesellschaft on Wednesday, May 24, 2017, at 2:00 pm CEST (Local Time Vienna), at Congress Center Messe Wien, Reed Messe Wien GmbH, Messeplatz 1, 1020 Vienna, Austria.
April 21, 2017
OMV Aktiengesellschaft / Yearly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
April 6, 2017
OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act
OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2014 and the (ii) Matching Share Plan (MSP) 2016, based on the resolution of OMV's Supervisory Board of March 22, 2017 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on March 8, 2017.
March 22, 2017
OMV Aktiengesellschaft / Report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act
The Executive Board of OMV Aktiengesellschaft ("OMV" or "Company") has been authorized by resolution of the Annual General Meeting of the Company held on May 18, 2016, for period of 5 years from the adoption of the resolution, subject to the approval of the Supervisory Board, to dispose of or utilize stock repurchased or already held by the Company to grant treasury shares to employees, senior employees and/or members of the Executive Board/management boards of the Company or one of its affiliates including for purposes of share transfer programs, in particular long term incentive plans including matching share plans or other stock ownership plans, under exclusion of the general purchasing possibility of shareholders (exclusion of subscription rights).
March 7, 2017
OMV has reached an agreement with Uniper for the acquisition of 24.99% of the economic rights in the production of the Yuzhno Russkoye field in Western Siberia for a purchase price of USD 1,850 mn (EUR 1,749 mn)
OMV has reached an agreement with Uniper SE for the acquisition of shares in two Russian companies (OJSC Severneftegazprom and JSC Gazprom YRGM Development) for a purchase price USD 1,850 million (approx. EUR 1,749 million based on an agreed exchange rate of EUR 1 = USD 1.0575) plus cash on balance sheet per December 31, 2016.
March 5, 2017
OMV Aktiengesellschaft / OMV has reached an agreement for the sale of OMV Petrol Ofisi to Vitol Group
OMV has reached an agreement for the sale of its Turkish fuel supply and distribution company OMV Petrol Ofisi A.S. to VIP Turkey Enerji A.S., a subsidiary of Vitol Investment Partnership Ltd. The transaction is effected via a sale of 100% of the shares of OMV's Turkish holding company OMV Petrol Ofisi Holding A.S. The total purchase price of the transaction amounts to EUR 1,368 mn. Thereof EUR 81 mn relate to net cash proceeds from a prior carve-out of OMV's Turkish gas entities. The execution and implementation of the transaction has already been approved by the Supervisory Board of OMV.
March 3, 2017
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
February 16, 2017
OMV Aktiengesellschaft / OMV reached a binding "Basic Agreement"with Gazprom on the potential asset swap
OMV reached a binding "Basic Agreement" with Gazprom for a potential asset swap transaction. The execution of the Basic Agreement was approved in today's meeting of the OMV Supervisory Board but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of today.
December 14, 2016
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
November 9, 2016
OMV Aktiengesellschaft / OMV has reached an agreement for the sale of OMV (U.K.) Limited
OMV has reached an agreement for the sale of 100% of the shares in its wholly owned subsidiary OMV (U.K.) Limited to Siccar Point Energy Limited, Aberdeen. The transaction was approved in today's meeting of the Supervisory Board of OMV but is, however, still subject to signing of the relevant transaction documentation by the parties.
November 8, 2016
OMV Aktiengesellschaft / Half Yearly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
August 10, 2016
OMV Aktiengesellschaft / Publication of a resolution of the Annual General Meeting
The ordinary Annual General Meeting of OMV Aktiengesellschaft (hereinafter referred to as "the Company") held on May 18, 2016 adopted the following resolution in relation to item 9 (Authorization to utilize the Company's treasury stock or dispose of it for the purpose of share transfer programs) of the agenda
May 18, 2016
EANS-General Meeting: OMV Aktiengesellschaft / Invitation to the General Meeting
Convocation of the Annual General Meeting of OMV Aktiengesellschaft on Wednesday, May 18, 2016, at 2:00 pm CEST (Local Time Vienna), at Congress Center Messe Wien, Reed Messe Wien GmbH, Messeplatz 1, 1020 Vienna, Austria.
April 20, 2016
OMV Aktiengesellschaft / Yearly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
March 30, 2016
OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act
OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2013 and the (ii) Matching Share Plan (MSP) 2015, based on the resolution of OMV's Supervisory Board of March 22, 2016 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on March 8, 2016.
March 22, 2016
OMV Aktiengesellschaft / Report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act
The Executive Board of OMV Aktiengesellschaft ("OMV" or "Company") has been authorized by resolution of the Annual General Meeting of the Company held on May 17, 2011, subject to the approval of the Supervisory Board but not to any further resolution of the General Meeting, to dispose of or utilize within five years of the adoption of the resolution, treasury shares in the Company also by other means than via stock exchange or public offering, in particular to satisfy stock options or long-term incentive plans for employees, senior employees and members of the Company's Executive Board or the management boards of its affiliates, or other employee stock ownership plans and for any other legal purpose.
March 8, 2016
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
February 18, 2016
OMV Aktiengesellschaft / OMV initiates process to sell OMV PetrolOfisi
OMV announces to initiate a process to sell up to 100% of its wholly owned subsidiary OMV Petrol Ofisi A. S., a leading company in the Turkish oil products retail and wholesale market. OMV is currently selecting its advisors to support the potential transaction and the structuring of the envisaged process. A potential transaction is aimed at optimizing OMV's integrated portfolio in a challenging market environment.
February 12, 2016
OMV Aktiengesellschaft / Reinhard Florey appointed new CFO of OMV
In today's meeting, the Supervisory Board of OMV Aktiengesellschaft appointed Reinhard Florey (50) as the new Chief Financial Officer of OMV Aktiengesellschaft. Florey has accepted the appointment. He will assume the position depending on his availability, at the latest with effect from August 1, 2016 for a three-year period, with an extension option for OMV for further two years. The current Chief Financial Officer and Deputy Chairman of the Executive Board, David C. Davies, will resign from his position one month after the start date of Reinhard Florey's mandate.
January 19, 2016
Austrian-Russian Friendship Society to Appoint Richard Schenz as New President
Dr. Richard Schenz has recently been appointed as new President of the Austrian-Russian Friendship Society (ORFG - Österreichisch-Russische Freundschaftsgesellschaft). He succeeds CEO Ludwig Scharinger who left office for health reasons. KR Sen.hc Richard Schenz is a Vice President of the Austrian Chamber of Commerce (WKO). He was formerly CEO of OMV and Capital Markets Advisor to the Austrian Minister of Finance.
December 22, 2015
OMV Aktiengesellschaft / OMV issues hybrid notes in two tranches inan aggregate amount of EUR 1.5 bn
OMV Aktiengesellschaft issues hybrid notes (subordinated notes without maturity date) in an aggregate amount of EUR 1.5 bn, in two tranches of EUR 750 mn each.
November 30, 2015
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
November 5, 2015
OMV Aktiengesellschaft / Half Yearly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
August 12, 2015
OMV Aktiengesellschaft / OMV intends to issue hybrid notes
OMV intends to issue hybrid notes (subordinated notes without maturity date) in two tranches at least in a benchmark volume.
August 11, 2015
OMV Aktiengesellschaft / Quarterly Report
OMV Aktiengesellschaft is declaring the following financial reports below.
May 18, 2015
EANS-General Meeting: OMV Aktiengesellschaft / Invitation to the General Meeting
Convocation of the Annual General Meeting of OMV Aktiengesellschaft on Tuesday, May 19, 2015, at 2.00 pm CEST (Local Time Vienna), at Congress Center Messe Wien, Reed Messe Wien GmbH, Messeplatz 1, 1020 Vienna, Austria.
April 14, 2015
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