OMV boosts operating profit by 65 percent

Austrian energy giant OMV has announced a significant increase in its operational performance for the second quarter of 2026. The company's adjusted operating result, before special items, surged by 65% compared to the same period last year, reaching 1.71 billion euros.

OMV's consolidated revenue from continuing operations also saw a substantial rise, climbing 39% to 8.059 billion euros. The company attributed the strong performance in its Energy division to higher Brent crude oil prices, which averaged $103.85 per barrel, and increased gas prices. Despite a production decrease due to the war, the division's adjusted operating result grew by 50% to 885 million euros.

The Fuels division also experienced robust growth, with its adjusted operating result jumping 85% to 446 million euros, driven by higher European refinery margins. The Chemicals division reported an operating result of 429 million euros, boosted by increased olefin prices and the initial contribution from the new Borouge International joint venture.

Looking ahead, OMV plans to invest around 3.4 billion euros for the full year 2026. The outgoing CEO Alfred Stern described the quarterly results as "strong" despite a volatile market environment and regulatory interventions. The company also confirmed a total dividend for the 2025 fiscal year of 4.40 euros per share, comprising a regular dividend of 3.15 euros and a special dividend of 1.25 euros.