- OMV's Clean CCS Operating Result was EUR 1.03 bn, with a significant contribution from Chemicals.
- Borealis and Borouge plan to double XLPE capacity by 2027, investing in Antwerp and UAE.
- OMV's new green hydrogen plant in Austria will produce up to 23,000 tons annually, reducing CO₂ by 150,000 tons per year.
- OMV Petrom's Neptun Deep project in the Black Sea expects gas production to start in 2027.
Financial Performance
In Q2 2025, OMV reported Group Sales of EUR 5.79 billion and a Clean CCS Operating Result of EUR 1.03 billion. The Chemicals segment saw a significant rise in its Clean Operating Result to EUR 200 million, driven by Borealis Group's performance. The Fuels & Feedstock segment's result decreased to EUR 242 million due to lower refinery utilization and higher utility costs. The Energy segment's result declined to EUR 588 million, impacted by lower oil prices and foreign exchange rates.
Key Investments and Projects
Borealis and Borouge announced plans to expand global production capacity for cross-linked polyethylene (XLPE) and semiconductive compounds, aiming to double capacity by 2027. OMV is investing in a new green hydrogen plant in Austria, with a planned capacity of up to 23,000 tons annually, expected to reduce CO₂ emissions by 150,000 tons per year. The Neptun Deep project in the Black Sea is progressing, with gas production anticipated to start in 2027.
Operational Developments
OMV's European steam crackers maintained a stable utilization rate of 82 percent, while polyolefin sales volumes increased by 5 percent. The Fuels & Feedstock segment faced challenges due to planned shutdowns at the Burghausen and Petrobrazi refineries. In the Energy segment, total hydrocarbon production decreased to 304 kboe/d, affected by divestments and natural declines, partially offset by increased production in Libya and Norway.
Strategic Initiatives
OMV continues to integrate Borouge Group International, with the transaction expected to close in Q1 2026. The company is also exploring geothermal potential in the East Styrian basin and expanding its solar energy footprint in Bulgaria.
