OMV Q2 2026: Clean CCS operating result €1,706m
- Clean CCS Operating Result of €1,706m and clean CCS net income attributable to stockholders of the parent of €929m.
- Cash flow from operating activities €1,315m and cash flow excluding net working capital effects €1,158m (up 39%).
- Chemicals clean Operating Result €429m, more than doubled, supported by higher olefin/polyolefin prices and the closing of the Borouge International transaction (OMV 50%).
- Fuels clean CCS Operating Result €446m with European refining indicator margin at USD 20.33/bbl and refinery utilisation at 90%; Energy clean Operating Result €885m; group leverage 19%.
Quarter highlights
OMV reported a clean CCS Operating Result of €1,706m in Q2 2026 and clean CCS net income attributable to stockholders of the parent of €929m. Sales revenues from continuing operations were €8,059m. Cash flow from operating activities amounted to €1,315m; excluding net working capital effects it was €1,158m (up 39%). Net debt stood at €4,992m with a leverage ratio of 19%.
Segment performance
Energy clean Operating Result rose to €885m, driven by a stronger Exploration & Production contribution despite hydrocarbon production declining 4% to 291 kboe/d. Fuels clean CCS Operating Result increased to €446m on higher refining margins, better production mix and a 90% refinery utilisation rate, partly offset by higher crude surcharges and temporary regulatory measures. Chemicals clean Operating Result more than doubled to €429m, aided by substantially higher olefin and polyolefin prices and improved steam cracker utilisation (77%).
M&A and capital allocation
On 30 March 2026 OMV closed the Borouge International transaction, combining Borouge and Borealis and acquiring NOVA Chemicals; Borouge International is jointly controlled 50/50 with XRG. The AGM approved a total 2025 dividend of €4.40 per share, representing €1,435m paid to shareholders.
Outlook
OMV projects organic CAPEX around €3.4bn for 2026 and expects average Brent of USD 85–95/bbl, hydrocarbon production of 280–290 kboe/d (subject to Strait of Hormuz shipping restrictions), an average realised gas price around €40/MWh and a European refining indicator margin near USD 20/bbl.
Source: OMV
