OMV (OMV) Q2 2026 TU earnings summary

Executive summary

• Q2/26 saw higher oil and gas prices, boosting clean operating results in E&P and Chemicals segments.

• Sales volumes were negatively impacted by Middle East conflict and overtaxation in Romania.

• Fuels segment benefited from higher refining margins and improved production mix.

Financial highlights

• Average Brent price rose to $103.85/bbl in Q2/26 from $81.13/bbl in Q1/26.

• Average realized crude oil price increased to $97.8/bbl, up from $72.3/bbl sequentially.

• Average realized natural gas price climbed to €37.8/MWh from €31.1/MWh in Q1/26.

• Clean CCS Operating Result in Fuels expected to improve substantially, aided by absence of prior quarter's €100mn one-off effect.

Outlook and guidance

• Clean Operating Result in E&P expected higher than Q1/26, but positive market effect €120–150mn lower than sensitivities due to volume and tax impacts.

• Gas & Power Eastern Europe to report lower results due to planned plant shutdown and seasonally lower gas sales.

• Chemicals segment clean Operating Result expected higher, driven by increased olefin and polyolefin prices.