OMV Q2 clean CCS operating result reaches EUR 1.7 bn
Cash flow from operations reached EUR 1,315 mn, net income attributable to stockholders was EUR 929 mn, and all segments contributed positively.
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Integrated energy, fuels and chemicals company
omv.comLast updated
In short: OMV initiated production at Austria’s largest gas find in 40 years, appointed Emma Delaney as CEO, and advanced major hydrogen projects.
Cash flow from operations reached EUR 1,315 mn, net income attributable to stockholders was EUR 929 mn, and all segments contributed positively.
The 16,500-ton platform is over 225 meters tall, with production on track for 2027.
The 140 MW plant in Austria will produce green hydrogen to decarbonize its Schwechat refinery, reducing emissions by 150,000 tons annually.
The joint project, Tiefenkraft, could supply up to 670 GWh annually by 2037. An exploration well is planned for late 2026.
The domestic gas station market is turned upside down: While the Poles from Orlen with Turmöl are really stepping on the gas, BP is selling its Austria business to the...
High energy prices are driving OMV, but CEO Alfred Stern warns of fragile supply chains. Gas now flows from Germany to Austria.
Vienna, Jul 31 (Reuters) - The Austrian energy group OMV posted a surprisingly strong jump in profit in the second quarter. Driven by rising oil and gas prices as well as...
The rise in oil and gas prices is pouring hundreds of millions into the coffers of the partially state-owned energy group.
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