OMV Petrom Group 9M 2026 results: record CAPEX and stronger earnings

Financial and operational performance

OMV Petrom reported a Clean CCS Operating Result of RON 5.8 billion (up 51% yoy) and net income of RON 4.1 billion. CAPEX reached a record RON 6.6 billion (up 27%), exceeding the operating result, and taxes plus dividends to the state budget exceeded RON 16 billion (up 38%).

Exploration & Production

Clean Operating Result was RON 2.7 billion versus RON 1.9 billion in 9m/25 amid high commodity prices. Production averaged about 101.7 kboe/day, 3% lower year‑on‑year, with production cost at USD 17.9/boe. Drilling and workovers partly offset natural decline and maintenance impacts.

Refining & Marketing

Clean CCS Operating Result reached RON 2.8 billion versus RON 1.8 billion, supported by a higher OMV Petrom indicator refining margin of USD 26.5/bbl (USD 10.9/bbl in 9m/25). Petrobrazi refinery ran at c.98% utilisation for the nine months and 100% in Q3.

Gas, Power and low‑carbon projects

Gas and Power Clean Operating Result was RON 472 million versus RON 13 million in 9m/25. Total gas sales rose 5% to 36 TWh; Brazi power plant produced 3.4 TWh (9% of Romania’s generation) and was 10% higher than 9m/25. Low‑carbon progress includes ~1,550 EV chargers regionally, delivery of green hydrogen modules (55 MW combined), net renewables capacity of 100 MW in operation and ~700 MW under construction, and battery storage contracts for Ișalnița and Gabare.

Key projects & modernization

Neptun Deep progressed toward first gas in 2027 with the shallow‑water production platform installed, eight wells completed and the shore pipeline laid. In Bulgaria, Han Asparuh drilling improved geological understanding; OMV Petrom added acreage in the Han Tervel block. At Petrobrazi, a new aromatics unit was commissioned and ~EUR 115 million was invested in electrical infrastructure modernization.