OMV (OMV) Oil & Gas Virtual Investor Conference summary

Portfolio and financial performance

• Integrated Energy, Fuels and Chemicals portfolio; 2025 production was 305,000 boe/d, comprising 58% oil and 42% gas, with global processing capacity of ~500,000 bpd.

• 2021–2025 average operating cash flow was €6.2bn, split ~50% Energy, ~30% Chemicals and ~20% Fuels; average organic capex was €3.5bn.

• Average clean CCS ROACE was 13% in 2021–2025, while dividend per share grew at an 18% CAGR.

• Q3 2026 clean CCS operating result exceeded €2.1bn, up nearly 70% YoY; operating cash flow more than doubled to €2.2bn and leverage was 17%.

Strategy and 2030 ambitions

• Strategy centers on integrated Energy, Fuels and Chemicals, with gas and Chemicals as growth drivers, selective renewables, sustainable mobility and circular innovation; net-zero ambition spans Scope 1, 2 and 3 by 2050.

• 2030 Energy targets include ~400 kboe/d oil and gas production, portfolio cash breakeven below $30/boe and unit production cost below $9/boe.

• Renewable power targets exceed 1.3 GW of net wind and solar capacity and 2.4 TWh annual net output by 2030; geothermal target is ~1 TWh net output.

• Fuels targets include 5,000 high-performance EV charging points by 2030, versus 2,100 currently, and €600m retail contribution versus a €500m 2020–2024 average.

• Chemicals targets include >90% cracker utilization, ~€200m clean operating result from base chemicals and a Borouge International dividend floor above $1bn.

Growth projects and milestones

• Neptun Deep targets first gas in H1 2027 and plateau by end-Q3 2027; the project was almost 90% complete, with 8 of 10 wells drilled. Plateau output is 140 kboe/d gross, with ~€4bn development capex and ~€0.5bn annual clean operating result expected.

• Petrobrazi SAF/HVO plant has 250,000 tonnes/year capacity, with production planned for 2028; more than 50% of capex was spent, and green hydrogen production was expected by end-2026, subject to testing and refinery integration.

• Borouge International, formed in March 2026 as a 50/50 venture with XRG combining Borouge, Borealis and NOVA Chemicals, ranks fourth globally in polyolefins; formation included a €1.5bn cash injection.

• Borouge International targets >$500m synergies by 2030, with $200m annual run-rate synergies secured and contributions starting in Q4 2026; its Q2–Q3 2026 EBITDA margin was 26%.

• 2030 clean operating result target from renewable fuels and chemical feedstock is €200m–€300m.