OMV defies the crisis: stable sales and innovative projects in 2025!

OMV defies the crisis: stable sales and innovative projects in 2025!

OMV AG achieved stable consolidated sales of 6.2 billion euros in the first quarter of 2025. This occurred in a challenging market environment characterized by lower contributions in the Fuels & Feedstock and Energy business areas. The operating result before special items is 1.16 billion euros, with the cash flow from operating activities also being solid at 1.36 billion euros. OTS reports a stable contribution in the Chemicals division with an operating result of 126 million euros.

The details show that the operating result in the individual areas is as follows: Fuels & Feedstock with 117 million euros and Energy with 910 million euros. Despite the challenges, including a decline in refining benchmark margins, OMV sees its balance sheet as strong, with a leverage level of just 12 percent and net debt of 3.2 billion euros. In addition, the group recorded a 10 percent increase in polyolefin sales volumes, totaling 1.59 million tonnes.

Developments in the energy and chemical sectors

As decarbonization progresses, the chemical industry, which caused around 9.5 percent of global CO2 emissions in 2018, requires decisive action. According to a report by Deloitte Over 50 percent of these emissions come from the direct use of fossil fuels as raw materials. The federal government has set itself the goal of reducing industrial CO2 emissions by 23 percent by 2030, which represents an immense challenge, especially for energy-intensive companies.

For a climate-neutral future, the use of renewable energies such as sun and wind will be crucial, as will the need for increased electrification of chemical processes. In order to replace fossil fuels, three to five times more renewable energy is required, especially for process heat, which is currently predominantly generated by gas-fired combined heat and power.

News from OMV

OMV plans to make significant investments in new technologies for the remainder of the year. One example is the ReOil project that has come into operation and processes up to 16,000 tons of difficult-to-recycle plastic waste annually. An agreement to establish Borouge Group International was also signed with ADNOC. Gas production at the Neptun Deep project in the Black Sea is scheduled to start from 2027, while OMV Petrom has started construction of a SAF and HVO plant in Petrobrazi, which will have an annual capacity of 250,000 tonnes.

In addition, OMV reports successful progress in the deeep geothermal energy project in Vienna, where two of three deep drillings have already been completed. Initial drilling at Neptune Deep began in March 2025 and first gas production is expected in 2027. The sector thus remains in dynamic change while the company continues to pursue its strategic objectives.