OMV under pressure: The industry is shocked by the industry!

OMV under pressure: The industry is shocked by the industry!

Österreich - OMV, Austria's largest industrial group, recorded a remarkable drop in profits in the first quarter of 2025. The net profit fell dramatically by 70 percent to 143 million euros, compared to 468 million euros in the first quarter of 2024. This result is a significant challenge for the company, which had achieved more stable profits in the past. The operating decline in results amounted to around 20 percent, and the operating result (CCS) adjusted for storage costs fell by 22 percent to 1.16 billion euros. Sales decreased by 1 percent to 6.22 billion euros. According to [OE24] (https://www.oe24.at/businesslive/unternehücker/starker-ginn-einsturz-be-der-der-der-der-der-der- der-winn-der-der- der Operative profit, the decline in the operational profit was attributed in particular to weaker results in the refiner business.

The Segment Energy, which includes oil and gas production, also achieved significantly less profit. On the other hand, the chemical division showed only a slight decline in the operating result. To meet the challenges, OMV has set up a task force to analyze the effects of the new US tariffs on the company. Although the direct consequences of the tariffs were classified as low, possible negative effects on demand and prices are expected, the economic situation should continue to deteriorate. In this context, the forecast for the Brent Raw oil price was reduced from $ 75 to $ 70. It is positive that the number of global employees has increased by 11 percent to 23,463.

global trends in the oil and gas industry

mordor Intelligence cited.

The upstream sector continues to dominate the market, with the United States probably covering 60 percent of the global oil requirement and 70 percent of the total investments in North America come from the United States. In theory, offshore and deep-sea projects in markets such as the North Sea and the Gulf of Mexico, as well as in countries such as Senegal and Mauritius, could also represent significant opportunities. These developments could influence the market conditions for companies such as OMV.

outlook and challenges

In view of the volatile crude oil and natural gas prices as well as slow global economy relaxation, the industry remains with challenges. However, increasing energy demand and the exhaustion of the onshore reserves are identified as growth drivers that could possibly lead to stabilization in the long term.

The strategic decisions of companies such as OMV that react to these dynamic market conditions will be crucial to successfully navigate. The company is faced with the task of making internal adjustments, while external market conditions remain uncertain.