OMV Petrom Group H1 2026 results

Financial performance

The Group reported a Clean CCS Operating Result of 3.0 bn lei in H1 2026, a 21% increase year‑on‑year. Net income decreased 14% to 1.8 bn lei, mainly due to a negative financial result and the solidarity tax applied to E&P in Q2. CAPEX for the six months was 3.7 bn lei (up 13%). Contribution to the state budget rose 29% to 10.2 bn lei. OMV Petrom plans total investments of 9 bn lei for 2026.

Segment results

Exploration & Production reported a Clean Operating Result of 1,548 mn lei, up 4% driven by higher oil and gas prices and gas volumes; production was broadly flat at 103 kboe/d and unit production cost increased to USD 18.4/boe. Refining & Marketing posted a Clean CCS Operating Result of 1,253 mn lei, up 33%, supported by higher sales and 97% refinery utilisation despite temporary regulatory impact on realised margins (indicator margin USD 18.4/bbl). Group retail volumes rose 5% amid market distortions. Gas & Power returned to profit with a Clean Operating Result of 318 mn lei versus a loss in prior year; total gas sales were 26.1 TWh and Brazi power plant output reached 2.1 TWh (about 8% of Romania’s generation mix).

Key projects and low‑carbon activity

Neptun Deep advanced toward first gas in 2027 with the shallow‑water platform installed, six wells completed and pipeline to shore laid. In Bulgaria, Han Asparuh drilling finished with no significant volumes; OMV Petrom expanded into the Han Tervel block (transaction closed July 2026). Low‑carbon initiatives include completion of an EU‑supported EV charging corridor, delivery of modules for a 20 MW green hydrogen project at Petrobrazi and partial offtake placement for future SAF/HVO production, three wind projects (~300 MW) moving to execution, a ~7 MW PV project at Petrobrazi and development of the Gabare solar project with battery storage. Petrobrazi also commissioned a new aromatics unit.