OMV (OMV) CMD 2025 summary

Strategic direction and transformation

• Strategy 2030 targets integrated growth in energy, fuels, and chemicals, with an agile transformation approach and adaptation to a slower energy transition pace.

• Gas and chemicals, notably through Neptune Deep and BGI, are positioned as primary growth engines, aiming for ~400,000 BOE/day by 2030.

• Investments are rebalanced, prioritizing traditional businesses and rescheduling some sustainable projects post-2030, with a focus on free cash flow maximization.

• OMV targets net zero emissions by 2050, with interim goals of -30% Scope 1 & 2 and -20% Scope 3 GHG reductions by 2030 (vs. 2019 baseline).

• Technology, innovation, and partnerships drive circular economy, decarbonization, and sustainable fuels.

Financial framework and shareholder returns

• Average annual operating cash flow reached EUR 6.5 billion over the past four years, with all segments contributing and a 2030 target of over EUR 6.0 billion.

• Shareholder distributions more than doubled in four years, with a progressive dividend policy and new variable dividends linked to BGI contributions.

• The BGI transaction is accretive to free cash flow, earnings per share, and dividends, with OMV to receive at least EUR 1 billion (or $1 billion) annually from BGI, plus upside potential.

• CapEx is reduced to EUR 2.8 billion annually, with 30% for sustainable projects and 70% for traditional business, and lower capex post-2028.

• Free cash flow is expected to grow by over 50% to more than EUR 3 billion by 2030.

Gas, energy, and renewables

• Gas is a long-term growth engine, with Neptune Deep expected to start in 2027 and double Romania's gas output, supporting European energy security.

• Total oil and gas production is targeted at 400,000 BOE/day by 2030, supported by organic and inorganic growth.

• Renewables and geothermal investments are paced by market and technology readiness, with a focus on Romania, Southeastern Europe, and Vienna's first geothermal plant starting in 2028.

• OMV Petrom aims for a 1.3 GW renewables portfolio and integrated power business, becoming a leading regional power player.

• Exploration remains important, with EUR 200 million annual spend and a focus on high-potential wells.