OMV Updates Dividend Policy, Focuses on Growth Investments by 2030
- OMV plans organic investments averaging EUR 2.8 billion annually from 2026-2030, with 30% for sustainable projects.
- Borouge Group International transaction closing is expected in Q1 2026.
- OMV aims for 400 kboe/d oil and gas production by 2030.
- Neptun Deep project to deliver first gas in 2027.
Investment and Financial Targets
OMV plans to invest an average of EUR 2.8 billion annually from 2026 to 2030, with 30% allocated to sustainable projects. The company aims for a Clean CCS Operating Result exceeding EUR 6.5 billion and a Cash Flow from Operating Activities above EUR 6 billion by 2030.
Strategic Projects and Partnerships
The Borouge Group International transaction is expected to close in Q1 2026, positioning it as the fourth-largest global polyolefin player. OMV targets a total oil and gas production of around 400 kboe/d by 2030, with the Neptun Deep project set to deliver first gas in 2027.
Renewable and Sustainable Initiatives
OMV is advancing its SAF/HVO plant and green hydrogen production, aiming for operational status by 2028. The company is also focusing on chemical recycling and geothermal energy innovations, with plans to supply carbon-neutral district heating to 20,000 households in Vienna by 2028.
Emission Reduction Goals
OMV remains committed to achieving net-zero emissions across Scopes 1, 2, and 3 by 2050. By 2030, the company aims to reduce Scope 1 and 2 emissions by 30% and Scope 3 emissions by 20% compared to 2019 levels.
Source: OMV