OMV GroupVerified account

@omv

Official account of OMV Aktiengesellschaft. News on corporate + financial information from . For media inquiries please contact [email protected].

Vienna, Austria
Joined November 2012

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  1. We drill holes. Deep holes. And we know how to. Read more about it:

  2. Gazprom and hold first meeting of Coordinating Committee for scientific & technical cooperation and partnership

  3. As only company in the sector energy achieved an outstanding water score of A- (leadership) in 2016.

  4. CEO Seele discussing 's performance and strategy with Austrian journalists.

  5. Our CEO Rainer Seele on how we have significantly strengthened ’s competitiveness:

  6. has a great deal of experience in operating mature fields. Read more about it in the :

  7. CEO Seele talking about OMV's performance and results:

  8. results Q3 2016: video message, report and conference call documentation are available here:

  9. divests wholly owned subsidiary OMV (U.K.) Limited for up to USD 1 bn:

  10. The recording of the Investor and Analyst Call on Q3/16 results is now available here:

  11. The gearing ratio came in at 27%, which is below our long-term target of maximum 30%. CFO Florey

  12. In Q3 2016, the refinery utilization rate increased to 97%. CFO Florey

  13. In the Upstream business we managed to further decrease production costs. CFO Florey

  14. OMV delivered robust clean CCS EBIT of EUR 415 mn in Q3 2016. CFO Florey

  15. Despite the ongoing difficult market environment, OMV’s clean CCS EBIT increased substantially vs. Q2/16. CFO Florey

  16. OMV has made good progress with implementing the cost reduction and efficiency program. CEO Seele

  17. In 2016, OMV will reduce exploration and appraisal expenditure by 41% to EUR 360 mn. CEO Seele

  18. OMV managed to reduce CAPEX from the initial target of EUR 2.4 bn to EUR 2.0 bn in 2016. CEO Seele

  19. OMV agreed to sell 100% of its wholly owned Upstream subsidiary in the UK to Siccar Point Energy Limited. CEO Seele

  20. We have made progress in optimizing the portfolio by executing our strategic M&A projects. CEO Seele

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