OMV Group Report January–June and Q2 2019
including condensed consolidated interim financial statements as of June 30, 2019
Key Performance Indicators 1
Group
- Clean CCS Operating Result increased significantly by 44% to EUR 1,047 mn
- Clean CCS net income attributable to stockholders amounted to EUR 510 mn, clean CCS Earnings Per Share were EUR 1.56
- High cash flow from operating activities of EUR 1,135 mn
- Organic free cash flow before dividends of EUR 728 mn
- Clean CCS ROACE at 14%
Upstream
- Production rose by 70 kboe/d to 490 kboe/d
- Production cost decreased by 9% to USD 6.9/boe
Downstream
- OMV indicator refining margin stood at USD 3.2/bbl
- Natural gas sales increased by 8% to 26.8 TWh
Key events
- On June 7, 2019, OMV and Gazprom signed an „Amendment Agreement“ to the „Basic Sale Agreement“. The „Amendment Agree-ment“ foresees, in particular, a purchase price of EUR 905 mn for the potential acquisition of a 24.98% interest in the Achimov 4A/5A phase development in the Urengoy natural gas and condensate field by OMV.
1 Figures reflect the Q2/19 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned
